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Punjab & Sind Bank
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
Fixed Deposit (FD) Interest Rates
| TENURE | General | Senior |
|---|
•For callable FDs < ₹3 Cr•Premature withdrawal penalty applies
Savings Account Interest Rates
| Deposit Slabs | Interest Rate |
|---|
•This bank is covered by DICGC deposit insurance up to ₹5 lakhs per depositor
Foreign Currency Non-Resident (FCNR-B) Deposit Rates - check here
Frequently Asked Questions
Quick answers to the most common questions about Punjab & Sind Bank accounts.
As of August 2026, Punjab & Sind Bank offers up to 6.85% 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.
FD Calculator
Months
Days
MATURITY AMOUNT
₹1,05,980
MATURITY DATE
17 Aug 2027
Interest rate5.85% p.a.
Principal₹1,00,000
Total interest₹5,980
Indicative only. Actual figures may vary.