FD Interest Rates Hike: This bank has increased the interest rates on fixed deposits, know who will get it and how much return…

FD Interest Rates Hike: Investing money in FD has always been a great option. The return received in FD is fixed. Besides, there is no risk in it. If you are also planning to invest your money in FD, then it is very important for you to know which FD of which bank will be best for you.

Actually, Punjab and Sindh Bank has changed its FD rates. The bank is now offering very good interest rates on FD to its customers. Let us know about the new FD rates of Punjab and Sindh Bank.

Punjab and Sindh Bank has FDs with tenures ranging from 7 days to 10 years. By investing your money in these FDs, you can get interest ranging from 4 percent to 7.45 percent. At the same time, the interest rate is even more attractive for senior citizens.

FD Interest Rates Hike: Special FD rates for senior citizens

Punjab and Sindh Bank is giving 0.50 percent more interest to senior citizens than general citizens. Senior citizens can get 8 percent interest by investing in FD in Punjab and Sindh Bank.

This interest rate is available on FD of 555 days. Apart from this, 0.15 percent more interest is being given in FD rates for super senior citizens. Apart from this, FD rates for general citizens are 4 to 7.45 percent.

These new FD interest rates of Punjab and Sindh Bank have come into effect from 14 November 2024. The new interest rates will be available only on new FDs and renewal FDs.