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Punjab and Sind bank hikes rates on fixed deposit, New interest rates inside

Fixed Deposit: Punjab and Sind Bank hiked the interest rates on fixed deposits. According to the official website of the bank, The new rates are in effect from February 21,2023. Punjab and Sind bank decides to increase interest rate of FD after Reserve Bank of India (RBI) hikes repo rate by 25 basis point. Punjab […]

Edited By : Aditya Singh | Updated: Feb 23, 2023 10:50 IST
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Fixed deposits

Fixed Deposit: Punjab and Sind Bank hiked the interest rates on fixed deposits. According to the official website of the bank, The new rates are in effect from February 21,2023. Punjab and Sind bank decides to increase interest rate of FD after Reserve Bank of India (RBI) hikes repo rate by 25 basis point.

Punjab and Sind Bank revised rates on FD

The bank is now offering interest rates between 2.80 percent to 6.75 percent on fixed deposits of selected tenure. To combat the effect of global inflation, In last 8 months RBI has hiked repo for several times. The new interest rates are eligible for Fixed deposits of up to 2 crore Rupees.

Read More :-Punjab and Sind Bank raises interest rates on Fixed Deposits; Big good news or sr. citizen

New interest rates

7-14 Days – 2.8 Percent

15-30 Days – 2.8 Percent

31-45 days – 3 percent

46 -90 days – 4.75 percent

91-120 days – 5.1 percent

121-150 days – 5.1 percent

151- 179 days – 5.1 percent

180-269 days – 6.1 percent

270-364 days – 6.1 percent

1 year – 2 years 6.4 pecent

Above 2 years – 6.75 percent

3 years – 5 years – 6.25 percent

5 years – 10 years – 6.25 percent

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First published on: Feb 22, 2023 01:14 PM IST

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