Fixed Deposits in Punjab & Sind Bank (popularly known as PSB FD) are simple savings options where you put a fixed amount in the bank for a selected time and earn a fixed interest rate. Many Indian and NRI people still choose PSU bank FDs because the return stays stable and the money feels safer compared to market investments, such as stock and Index Mutual funds.
Punjab & Sind Bank offers several FD special scheme options with different tenures, so depositors can choose according to their savings plan. As per the latest update effective 16 February 2026, the bank currently provides FD interest rates between 2.85% and 6.85% per year for deposits below ₹3 crore.
- Right now, the highest FD rate of about 6.85% is available on the bank’s 666-day non-callable deposit scheme.
You will also notice that the bank gives extra interest for senior citizens and super senior citizens. Because of this additional benefit, their effective FD return can come close to around 7%, depending on the tenure chosen.
PSB FD Interest Rates Below ₹3 Crore (Updated and active in 2026)
The following rates from Punjab & Sind Bank apply to domestic term deposits, NRO deposits, tax-saver deposits and capital gain deposit schemes for amounts below ₹3 crore.
The interest mainly depends on how long you keep the money in the bank. If you are planning above 3 Cr, check the bulk deposit rates here.
| Maturity Period | Interest Rate (% p.a.) | Simple View |
|---|---|---|
| 7 – 45 Days | 2.85% | Lowest return |
| 46 – 120 Days | 3.35% | Low |
| 121 – 179 Days | 4.85% | Moderate |
| 180 – 364 Days | 4.85% | Moderate |
| 1 Year | 5.85% | Good |
| 375 Days (Callable) | 6.40% | High |
| 375 Days (Non-Callable) | 6.50% | Higher |
| 444 Days (Callable) | 6.70% | Very Good |
| 444 Days (Non-Callable) | 6.80% | Near Peak |
| 666 Days (Callable) | 6.75% | Very Good |
| 666 Days (Non-Callable) | 6.85% | Highest Rate |
| 2 Years – 3 Years | 5.85% – 6.00% | Good |
| 3 – 10 Years | ~5.85% | Stable |
Small Tip for Depositors
- The 666-day non-callable FD currently gives the highest return (6.85%).
- Very short deposits under 3 months give the lowest rates.
- Many depositors prefer 375–666 day tenures, because they offer better interest without locking money for very long periods.
Punjab & Sind Bank FD for Senior vs Super Senior Citizens (2026)
If you are opening an FD with Punjab & Sind Bank, the bank gives extra interest benefits to elderly depositors. The bank mainly divides them into two categories:
- Senior Citizens: Age 60–80 years
- Super Senior Citizens: Age 80 years and above
As per the latest revision on the slab from 16 February 2026, these benefits apply to domestic term deposits below ₹3 crore. The additional interest is available on fresh deposits as well as renewal of existing FDs.
| Tenure | Senior Citizen (60–80 yrs) | Super Senior (80+ yrs) |
|---|---|---|
| 180 – 364 Days | 5.35% | 5.35% |
| 1 Year | 6.35% | 6.35% |
| 375 Days (Callable) | 6.90% | 7.05% |
| 444 Days | 7.20% | 7.35% |
| 666 Days | 7.25% | 7.40% |
| 777 Days | 6.50% | 6.65% |
| 999 Days | 6.50% | 6.65% |
| 22 / 44 / 66 Months (Green Earth FD) | 6.45% | 6.60% |
| 5 Years (Tax Saver FD) | 6.45% | 6.45% |
Plan Details & Benefits
Senior Citizen Benefit
- Customers aged 60 years and above receive an extra 0.50% interest over the regular FD rate.
- This benefit applies to tenures of 180 days and above.
- Available for fresh deposits and renewals.
Super Senior Citizen Benefit
- Depositors aged 80 years or more get an additional 0.15% interest above the senior citizen rate.
- In total, they may earn about 0.65% higher than regular FD rates.
- This extra benefit usually applies to specific tenures like 375, 444, 666, 777 and 999 days, including PSB Green Earth deposits.
Important Note
These extra interest benefits are not available for NRE, NRO deposits, capital gain schemes, or bulk deposits. Small insight many depositors notice: Same as regular citizens, this 666-day deposit often gives one of the highest effective FD returns, especially for senior and super senior customers
Different Types of Fixed Deposit Options For Residents of India
The bank offers several deposit options beyond the basic FD. Some are regular deposits, while others are special tenure schemes designed to give slightly better returns.
1. Regular Fixed Deposit (Standard FD)
This is the most common FD option. You deposit money once and select a tenure between 7 days and 10 years. There are two ways interest can be paid.
| Type | How it Works |
|---|---|
| Cumulative FD | Interest compounds quarterly and is paid with principal at maturity. |
| Non-Cumulative FD | Interest is paid regularly (monthly, quarterly, or half-yearly). |
When people choose it
- If you want a regular income → non-cumulative works better
- If you want a higher maturity value → cumulative usually makes more sense
2. PSB Tax Saver Fixed Deposit
This FD mainly exists for income tax savings under Section 80C.
| Feature | Details |
|---|---|
| Lock-in period | 5 years |
| Maximum deduction | ₹1.5 lakh per year |
| Loan facility | Not allowed |
| Premature withdrawal | Not allowed before lock-in |
If you want a tax deduction plus a safe return, this FD can work well.
3. PSB Special Tenure Fixed Deposits
These deposits are created for specific time periods where the bank offers slightly higher interest.
| Special Tenure | Callable Rate | Non-Callable Rate |
|---|---|---|
| 375 Days | 6.40% | 6.50% |
| PSB Dhan Lakshmi (444 Days) | 6.70% | 6.80% |
| 666 Days | 6.75% | 6.85% (Highest) |
Other Tenures: Tenures like 375 days, 666 days, 777 days, and 999 days often have “special” higher rates. You can find this latest schemes at chart.
4. PSB Green Earth Term Deposit
This is a themed FD where the deposited money is used to fund environment-related and sustainable projects.
| Feature | Details |
|---|---|
| Tenure | 22, 44, or 66 months |
| Interest Rate | Around 5.95% p.a. |
| Minimum Deposit | ₹10,000 |
| Maximum Deposit | ₹2.99 crore |
If someone likes the idea of supporting green projects while earning FD interest, this scheme may look interesting.
5. PSB Flexi Savings Deposit (Auto Sweep FD)
This deposit works a little differently. If your savings account balance crosses a certain limit (for example, ₹50,000), the extra money is automatically converted into a short-term FD.
| Feature | Details |
|---|---|
| Tenure of swept FD | Usually 46–180 days |
| Interest | Higher than savings account |
| Liquidity | Money can move back to savings account when needed |
This option helps when extra money sits idle in a savings account.
Callable vs Non-Callable FD (Important Difference)
Many PSB special deposits come with two versions.
| Type | Meaning |
|---|---|
| Callable FD | You can withdraw before maturity (penalty may apply). |
| Non-Callable FD | Premature withdrawal is not allowed, but interest rate is slightly higher. |
For example:
- 666-day Callable FD: about 6.75%
- 666-day Non-Callable FD: about 6.85%
So if you don’t need the money before maturity, the non-callable option may give a better return.
Simple Tip
If your goal is maximum interest, special tenure deposits like 444 or 666 days often give better returns than standard 1-year FDs. But if flexibility matters more, a normal callable FD may be safer because you can withdraw funds if needed.
Punjab & Sind Bank NRI Fixed Deposit Options (NRE, NRO and FCNR Deposits)
If you are an NRI and want to keep money in India, Punjab & Sind Bank mainly offers three FD account types. Each one serves a different purpose depending on where the income comes from and whether you want the money in Indian Rupees or foreign currency.
The main NRI deposit categories are:
- NRE Fixed Deposit
- NRO Fixed Deposit
- FCNR (B) Foreign Currency Deposit
1. PSB NRE & NRO FD Interest Rates (Below ₹3 Crore)
For deposits below ₹3 crore, NRE and NRO FDs mostly follow the same interest rate structure.
| FD Tenure | NRE FD Rate | NRO FD Rate |
|---|---|---|
| 7 – 45 Days | — | 2.85% |
| 46 – 150 Days | — | 3.35% |
| 151 – 364 Days | — | 4.85% |
| 1 Year | 5.85% | 5.85% |
| 1 Year – 374 Days | 5.60% | 5.60% |
| 375 Days (Callable) | 6.40% | 6.40% |
| 375 Days (Non-Callable) | 6.50% | 6.50% |
| 376 – 443 Days | 5.60% | 5.60% |
| 444 Days (Callable) | 6.70% | 6.70% |
| 444 Days (Non-Callable) | 6.80% | 6.80% |
| 445 – 665 Days | 5.85% | 5.85% |
| 666 Days (Callable) | 6.75% | 6.75% |
| 666 Days (Non-Callable) | — | 6.85% (Highest) |
| 22 Months (Green Earth FD) | 5.95% | 5.95% |
| 2 Years – 776 Days | 5.95% | 5.95% |
| 777 Days | 6.00% | 6.00% |
| 999 Days (Callable) | 6.00% | 6.00% |
| 999 Days (Non-Callable) | 6.05% | 6.05% |
| 3 – 5 Years | 5.85% | 5.85% |
| 5 Years | 5.95% | 5.95% |
| 5 – 10 Years | — | 5.85% |
Important points
- Senior citizen extra interest does NOT apply to NRE or NRO deposits.
- Highest PSB FD rate: 6.85% for 666-day Non-Callable FD (NRO/Domestic)
- Highest NRE FD rate: 6.80% for 444-day Non-Callable FD
- NRE deposits require a minimum 1-year tenure
- NRE FD interest is tax-free in India.
- NRO FD interest is taxable and usually subject to TDS.
Small insight many NRIs notice: 444-day and 666-day deposits usually give the best return zone without locking funds for very long.
2. PSB FCNR (B) Foreign Currency Fixed Deposits
FCNR deposits allow NRIs to keep money in foreign currency instead of converting to INR. This helps if someone wants to avoid exchange rate risk. Minimum tenure for FCNR FD is 1 year, and maximum tenure is 5 years.
FCNR (B) Interest Rates – Effective 17 July 2025
| Tenure | USD | GBP | EUR | CAD | AUD |
|---|---|---|---|---|---|
| 1 – <2 Years | 5.50% | 4.70% | 2.75% | 3.50% | 3.75% |
| 2 – <3 Years | 3.75% | 3.25% | 1.50% | 3.30% | 3.60% |
| 3 – <4 Years | 3.50% | 2.75% | 1.50% | 3.00% | 3.10% |
| 4 – <5 Years | 3.50% | 2.75% | 1.50% | 3.25% | 3.10% |
| 5 Years | 3.50% | 2.75% | 1.50% | 3.25% | 3.00% |
Supported currencies include:
- USD
- GBP
- EUR
- CAD
- AUD
NRE vs NRO vs FCNR – Simple Comparison
| Feature | NRE FD | NRO FD | FCNR FD |
|---|---|---|---|
| Best for | Parking overseas earnings | Managing Indian income | Holding money in foreign currency |
| Currency | Indian Rupees | Indian Rupees | Foreign currency |
| Tax in India | Tax-free | Taxable with TDS | Tax-free |
| Repatriation | Fully repatriable | Limited (up to $1M/year) | Fully repatriable |
| Tenure | 1 – 5 years typically | 7 days – 10 years | 1 – 5 years |
Small Practical Tip for NRIs
- If your income comes from abroad, NRE FD usually makes more sense because interest is tax-free and money can be sent back easily.
- If the income is generated inside India (like rent or pension), NRO FD is normally required.
- But if you want to avoid currency conversion risk, many NRIs choose FCNR deposits in USD or GBP instead of rupee FDs.
FAQs
What is the Punjab & Sind Bank FD rate for 444 days?
Punjab & Sind Bank offers 6.70% interest for 444-day callable FD and 6.80% for non-callable deposits below ₹3 crore. Many rural investors choose this tenure because it gives higher returns than normal one-year deposits.
What FD interest rate do senior citizens get in Punjab & Sind Bank?
Senior citizens aged 60 years or above receive an extra 0.50% interest on deposits above 180 days. For example, a 6.00% FD becomes 6.50%, helping retirees earn better income.
Does Punjab & Sind Bank offer a 333-day FD scheme?
Punjab & Sind Bank does not officially offer a 333-day FD scheme. Investors usually choose nearby tenures like 375 days or 444 days, which provide better interest returns than shorter deposits.
How does the Punjab & Sind Bank FD calculator work?
The PSB FD calculator helps estimate maturity value using deposit amount, tenure, and interest rate. Example: ₹1 lakh invested for 666 days at 6.85% can grow to around ₹1.13 lakh.