Bank FD: Everyone wants more returns from less investment. If this return is available in the shortest time and that too from a safe investment like FD (high return FD), then there is only one benefit. If you want to get similar benefits by investing in FD, then at this time a bank is giving you this opportunity and this bank has also increased the interest rates.

Customers can get strong returns by investing in the FD of this bank (investment in FD). The special thing is that this bank is allowing customers to invest in FDs of different tenures (FD interest rates hike). Know how much benefit is there in FD of which tenure from the calculation in the news.

This opportunity is being given to the customers-

After RBI cut the repo rate by 0.25 percent, now all the banks are changing the interest rates. Punjab and Sindh Bank has also changed the interest rates of its Fixed Deposit from March 15, which will benefit the customers.

Punjab and Sindh Bank provide customers the opportunity to invest in FDs from 7 days to 10 years (Punjab And Sindh Bank FD calculation). The highest interest rate of 7.50 percent is being given by the bank on a special FD. On some other FDs (Punjab And Sindh Bank FD interest rates), this bank is giving annual interest rates ranging from 4 percent to 6.25 percent.

These are the current interest rates-

To give great returns to the customers, Punjab and Sindh Bank have changed the interest rates of its Fixed Deposit (high interest rates FD). Now customers can get better returns by making FD in this bank.

According to the bank, interest rates of up to 4 percent have been implemented on FDs of 7 to 30 days. If we talk about FD of 31-45 days (FD news), then the bank is giving 4.25 percent interest. On the other hand, customers can avail 4.50 percent interest rate on FD of 46 to 120 days.

Interest rates on different periods-

This bank is giving different interest rates on the FD of different banks (Punjab And Sindh Bank FD). Talking about FD of 121-150 days, then this bank is giving 4.75 percent interest on it and 6 percent interest on FD of 151 to 179 days (FD interest rates in Punjab And Sindh Bank).

Apart from this, there are some other FDs, like 5.25 percent interest being given to the customers on FDs of 180 to 269 days and 5.50 percent interest being given on FDs of 270 to 332 days. 6.30 percent interest on one year FD and 7.30 percent interest on 444 day FD is currently being offered to the customers by the bank.

Interest rates on 555 days FD -

Punjab and Sindh Bank are currently offering interest rates of 7.50 percent on special FD of 555 days noncallable (Punjab And Sindh Bank noncallable FD). This bank is giving 7.25 percent interest on 777-day FD. By investing Rs 10 lakh in a 555-day FD in PNB Bank, at an interest rate of 7.25%, you will get around Rs 11,37,734, i.e. interest of Rs 1,37,734.

Also, this bank is offering 7.45% interest on 555 days callable FD (Punjab And Sindh Bank special FD). 6% interest is being given on 556 days FD and 6% interest is being given on 22 months FD. Along with this, a 6.30% interest rate is being given by this bank on 776 days FD.

Know how much return will be received -

If we calculate these interest rates given by the bank (FD calculation), then on depositing 10 lakh rupees every month in FD of long duration of 555 and 777 days, the customer will get interest of up to Rs 5000 every month.

According to this, after 555 days (555 days FD in Punjab And Sindh Bank), you can get an amount of up to Rs 11 lakh as a return. The amount of return on the same investment on 777 days FD (777 days FD in Punjab And Sindh Bank) will be even more than this.

History of Punjab and Sindh Bank -

The history of Punjab and Sindh Bank (Punjab And Sindh Bank history) is more than a century old. The first branch of this bank was opened in Amritsar, Punjab in the month of June in the year 1908. This bank was formed as a new bank. At present, this bank has only one shareholder, who works through the President and the Finance Ministry. Now this bank (bank news) has many branches across the country.

Disclaimer: This content has been sourced and edited from Hr Breaking. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.