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Bank Overview
Type
PublicHeadquarters
New DelhiFounded
1908Branches
1554DICGC Coverage
₹5 LakhsFinancial Health Indicators(FY 2026)
NNPA
0.79%Strong
CAR
17.42%Strong
PCR
90.91%Strong
LCR
134.09%Strong
CASA
30.77%Fair
Savings Account Interest Rates
| Deposit Slabs | Interest Rate |
|---|
Foreign Currency Non-Resident (FCNR-B) Deposit Rates
Maturity | USD |
|---|---|
| 1 to <2 years | 5.10%BEST |
| 2 to <3 years | 3.75% |
| 3 to <4 years | 3.50% |
| 4 to <5 years | 3.50% |
| 5 years | 3.50% |
NRI Fixed Deposit Rates (NRE & NRO)
| TENURE | Interest Rate |
|---|---|
1 year | 5.85% |
Above 1 year to 374 days | 5.60% |
375 days | 6.40% |
376 to 443 days | 5.60% |
444 days | 6.80% |
445 to 499 days | 5.85% |
500 days | 6.90%BEST |
501 to 665 days | 5.85% |
666 days | 6.85% |
667 days to <22 months | 5.85% |
22 months | 5.95% |
Above 22 months to <2 years | 5.85% |
2 years to 776 days | 5.95% |
777 days | 6.10% |
778 to 998 days | 5.85% |
999 days | 6.00% |
1000 days to <3 years | 5.95% |
3 years to <44 months | 5.85% |
44 months | 5.95% |
Above 44 months to <5 years | 5.85% |
5 years | 5.95% |
Above 5 years to <66 months | 5.85% |
66 months | 5.95% |
Above 66 months to 10 years | 5.85% |
•For callable NRE FDs < ₹3 Cr•100% tax-free in India•Premature withdrawal penalty applies
Premature FD Withdrawal Penalty
Standard Penalty Rule
A standard penalty of 1.00% is typically deducted from the recalculated rate for Punjab & Sind Bank. Deposits broken within 7 Days do not earn any interest.
Frequently Asked Questions
As of November 2026, Punjab & Sind Bank offers up to 6.90% p.a. on Fixed Deposits and up to 4.70% p.a. on Savings Accounts based on the balance slabs maintained.
Yes, Punjab & Sind Bank is a scheduled bank regulated by the RBI. Your deposits (up to ₹5 Lakhs per depositor) are insured by the DICGC, which covers principal and interest across all account types.
The minimum tenure for a fixed deposit with Punjab & Sind Bank starts from 7 Days. Senior citizens receive an additional interest rate benefit of up to 0.50% p.a. over general citizen rates.
Punjab & Sind Bank offers tiered interest rates ranging from 2.20% to 4.70% p.a. depending on the balance slabs maintained in the savings account.
Yes, interest earned on deposits is taxable. Savings account interest is tax-free up to ₹10,000 per year (₹50,000 for senior citizens) under Section 80TTA/80TTB. FD interest is fully taxable, and TDS is deducted at 10% if interest exceeds ₹40,000 (₹50,000 for senior citizens) in a financial year.
Punjab & Sind Bank FD Calculator
Months
Days
MATURITY AMOUNT
₹1,05,980
MATURITY DATE
03 Nov 2027
Interest rate5.85% p.a.
Principal₹1,00,000
Total interest₹5,980
Indicative only. Actual figures may vary.