Punjab & Sind Bank Recurring Deposit Schemes & Interest Rates

Gain The Highest Interest Rates on Punjab & Sind Bank Recurring Deposit

Attractive interest rates are offered by Punjab & Sind Bank which allows the Recurring Deposit account holder to save money over a period. Punjab & Sind Bank gives the option of opening a single or joint account to its customers. The customers can make a minimum deposit of 10 rupees and the deposit term varies from 6 months-10 years.

Punjab & Sind Bank Short-Term Recurring Deposit Interest Rates

The depositors of Punjab & Sind Bank can open a short-term RD account with tenure varying from 6 months to 2 years. The interest rate applicable on short-term deposits with the bank are as follows:

• For the deposits below one crore, the interest rate applicable is between 6.4%-6.8% per annum.

Maturity	Term Deposits Less than Rs.1 Cr (%)
180 - 269 Days	6.4
270 - 364 Days	6.60
1 Year -2Year	6.80
Above 2 Years - 3Years	6.80
3 Years - 5Years	6.80
>5 Years - 10 Years	6.80

NRE RATES
Tenure	Interest Rates for Deposits Below Rs.1 Crore (p.a)
1 Year -2Year	6.80
Above 2 Years - 3Years	6.80
3 Years - 5Years	6.80
>5 Years - 10 Years	6.80

Punjab & Sind Bank Medium and Long-Term Recurring Deposit Interest Rates

The depositors can also open medium and long-term recurring deposit account. The medium term deposit has a tenure ranging from 2-5 years and the long-term deposit has a tenure ranging from 5-10 years. The interest rate applicable on these deposits are as follows:

• For deposits amounting to less than a crore, the interest rate applicable on medium and long-term deposits is 6.8% per annum.

Punjab & Sind Bank Senior Citizen Recurring Deposit Interest Rates

Senior customers of Punjab & Sind Bank can avail an additional interest rate of 0.5% per annum on their RD accounts.

Punjab & Sind Bank NRE Recurring Deposit Interest Rates

The interest rates applicable to NRE RD accounts is different from the domestic interest rates. The rate of interest applicable on NRE RD accounts are as follows:

For deposits below 1 crore

A deposit made for a tenure of 1-2 years, the interest rate applicable is 6.8% per annum. For deposits made for a tenure of 2-3 years, the interest rate applicable is 6.8% per annum and for deposits made for tenures ranging from 3-5 years, the interest rate provided by Punjab and Sind Bank is 6.8% per annum.