Interest Rates
3.00% – 6.90%
Time Period
7 days – 10 years
Min - Max Amount
₹1,000 - ₹2,99,00,000 (for deposits under ₹3 crore)
Compounding
Quarterly
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Expected Rate of Return
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Invested Amount
₹ 10,000
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Punjab & Sind Bank is a government-owned nationalised bank with its headquarters in New Delhi. Established in 1908, the bank has been committed to providing financial services to people across India, especially in northern regions. It became a nationalised bank in 1980 and has since been playing a key role in promoting financial inclusion.
The bank offers a wide range of services, including savings accounts, current accounts, loans, digital banking, and investment options. Its deposit products, especially fixed deposits, are designed to cater to customers who want safe and assured returns on their savings.
Punjab & Sind Bank fixed deposits provide flexible tenures ranging from 7 days to 10 years. The bank also offers special schemes such as callable, non-callable, and Green Earth deposits. These schemes are aimed at giving customers additional choices depending on their financial goals.
Senior citizens are offered higher interest rates than general depositors, making FDs an attractive savings avenue. The minimum investment amount required to start a fixed deposit is as low as ₹1,000, which makes it accessible to small savers. For large investors, non-callable deposits are available with higher returns. Overall, Punjab & Sind Bank positions its FDs as a secure and rewarding savings product.
Tenure | Regular Rate (p.a.) | Senior Citizen Rate (p.a.) |
7 – 14 days | 3.00% | 3.50% |
15 – 30 days | 3.00% | 3.50% |
31 – 45 days | 3.00% | 3.50% |
46 – 90 days | 3.50% | 4.00% |
91 – 120 days | 3.50% | 4.00% |
121 – 150 days | 3.50% | 4.00% |
151 – 179 days | 5.00% | 5.50% |
180 – 364 days | 5.00% | 5.50% |
1 year | 6.10% | 6.60% |
375 days (Callable) | 6.75% | 7.25% |
375 days (Non-Callable) | 6.85% | 7.35% |
444 days (Callable) | 6.80% | 7.30% |
444 days (Non-Callable) | 6.90% | 7.40% |
22 months (Green Earth FD) | 6.10% | 6.60% |
2 years – 776 days | 6.10% | 6.60% |
777 days | 6.15% | 6.65% |
999 days (Callable) | 6.10% | 6.60% |
999 days (Non-Callable) | 6.15% | 6.65% |
3 years – < 44 months | 6.00% | 6.50% |
44 months (Green Earth FD) | 6.10% | 6.60% |
44 months – 5 years | 6.00% | 6.50% |
5 years (including Tax Saver FD) | 6.10% | 6.60% |
5 years – 10 years | 6.00% | 6.50% |
Note: The data is as of July 8, 2025
Punjab & Sind Bank fixed deposits are designed to provide safe and stable returns. The minimum investment starts at just ₹1,000, making it suitable for small savers. Senior citizens receive 0.50% higher interest, while super senior citizens get an additional 0.15%.
Deposits can be opened for periods ranging from 7 days to 10 years, with options for callable and non-callable deposits. Green Earth deposits are also available for environmentally conscious investors. The bank allows loans against eligible deposits and provides nomination facilities for customer convenience.
With clear rate structures and flexible tenures, the bank’s FDs meet the needs of both short-term and long-term investors. Customers can manage deposits through branches or online banking services.
Punjab and Sind Bank categorises its fixed deposit rates based on tenure:
| Tenure Range | Institution Name | Interest Rate Range (%p.a.) |
|---|---|---|
| Above 1 year to less than 2 years | 7.00› |
 | 15 months to less than 18 months | 7.25› |
 | 365 days | 7.25› |
 | 15 months to less than 16 months | 8.00› |
 | 444 days | 7.30› |
Note: The data is as of July 8, 2025
Customers can open a fixed deposit through Punjab & Sind Bank’s internet banking portal. The process involves logging in, navigating to the ‘Deposit’ section, selecting ‘Fixed Deposit’, and entering the deposit amount, tenure, and nominee details. After confirmation, the amount is debited from the savings account and the FD advice is generated instantly. The FD advice is also sent to the registered email ID.
Using mobile banking, customers can quickly create deposits without visiting a branch. The mobile app provides similar options to choose tenure, amount, and payout method. A digital FD receipt is generated for records.
Customers may also visit the nearest branch to open a fixed deposit. The process requires filling in an FD application form, providing KYC documents, and depositing the desired amount. The bank issues a deposit receipt after successful booking.
Customers are advised to check the latest interest rate circulars before booking a deposit. For maximum returns, they may opt for reinvestment deposits that compound interest. Senior citizens should take advantage of higher rates available exclusively to them. Depositors must ensure that KYC is updated to avoid transaction delays.
Punjab & Sind Bank allows resident individuals, joint account holders, and minors (through guardians) to open fixed deposits. Senior citizens and super senior citizens are also eligible. Hindu Undivided Families (HUFs), partnership firms, companies, and registered trusts may invest in deposits subject to documentation. Registered societies and associations are permitted as per bank norms.
Non-resident Indians may open certain deposit types as per RBI guidelines. Every account requires compliance with Know Your Customer (KYC) norms. The bank may apply minimum and maximum amount conditions depending on the deposit scheme chosen.
To open a fixed deposit, applicants must submit valid KYC documents. Identity proof can include Aadhaar card, Passport, Voter ID, or Driving Licence. Address proof may consist of Aadhaar, Passport, or utility bills such as electricity or water. PAN card is mandatory for tax compliance, and additional forms are required if PAN is not submitted. Photographs and signature specimens are collected during the process.
For firms, companies, and trusts, constitutive documents and authorised signatory lists are required. For minors, guardian documents and proof of relationship are needed. NRIs must provide passport, visa, and overseas address proof along with NRE/NRO account details.
Interest earned on Punjab & Sind Bank fixed deposits is fully taxable. It is added to the depositor’s income and taxed according to the applicable income tax slab. The bank deducts Tax Deducted at Source (TDS) if annual interest exceeds ₹40,000, or ₹50,000 for senior citizens. To avoid TDS, depositors can submit Form 15G or Form 15H if they meet eligibility conditions.
Punjab & Sind Bank also offers a Tax Saver FD with a 5-year lock-in period. Under Section 80C of the Income Tax Act, investments up to ₹1.5 lakh in this FD qualify for tax deductions. The interest earned, however, remains taxable. Customers are advised to submit PAN details to avoid higher TDS at 20%. Proper tax planning ensures maximising post-tax returns from FD investments.
Punjab & Sind Bank permits premature closure of callable fixed deposits, subject to applicable penalties. The interest is paid at the rate applicable for the actual period of holding, minus penalty. Non-callable deposits cannot be closed before maturity. Tax Saver FDs have a mandatory 5-year lock-in, with no premature withdrawal allowed except in the event of the depositor’s death. Customers are advised to review terms before opting for premature closure.
Log in to Punjab & Sind Bank Internet Banking, go to the ‘Deposit’ section, and click on ‘Fixed Deposit’. Enter the amount, tenure, and nominee details to confirm the FD.
As of July 8, 2025, you can open a Punjab & Sind Bank FD with ₹1,000. For non-callable FDs, the minimum investment is ₹100.01 lakh.
The bank offers tenures from 7 days to 10 years. Special schemes like Tax Saver FD have a fixed 5-year lock-in period.
Resident individuals, HUFs, firms, companies, trusts, and societies are eligible. Minors can open FDs through a guardian.
As of July 8, 2025, the highest FD rate is 6.90% for general customers. For senior citizens, the maximum is 7.40% on the 444-day non-callable FD.
Punjab & Sind Bank’s FD calculator estimates interest earnings and tax benefits. Enter the investment details to check deductions under Section 80C and plan taxable income.
Choose cumulative FDs for compounding benefits and ladder deposits to balance liquidity. Avoid premature withdrawals and utilise higher senior citizen rates where eligible.
