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.---Advertisement--- Punjab […]

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 Also Read: Stock Market Opening: Share market plunges, Nestle among top gainers, pressure on Bajaj Auto; know more detail Read More :- Latest Business News

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