In the public sector Punjab and Sindh Bank, there has been a change in the interest rates of fixed deposits (FD) as well as savings bank deposits. The new rates have come into effect from 16 February 2026. After the change, the bank is offering interest ranging from 2.85% to 6.85% on FDs of less than Rs 3 crore. Customers can invest in this for 7 days to 10 years. Apart from this, PSB is also providing many tenure facilities. Whereas for savings deposits up to Rs 1 crore the interest rate is 2.20%.

The highest return is available on non-callable fixed deposits of 666 days. The interest rate for general citizens is 6.85%. The bank is offering 7.25% return to senior citizens. However, withdrawal is not allowed before this maturity. 6.75% interest is being given on 666 day callable FD. The bank is giving 6.80% interest to common citizens on investing in non-callable FD of 444 days. If you choose the callable option for the same tenure, you will get 6.70% return.

Senior citizens will get extra returns

The bank is also offering 0.50% extra interest to senior citizens. However, this facility is available only for resident senior citizens. This facility will be available if you invest less than Rs 3 crore in fixed deposit for 180 days or more. Whereas super senior citizens i.e. people aged 80 years or above are getting 0.25% extra interest on select tenures. This includes PSB Green Deposits with tenures of 375, 444, 666, 777 and 999 days. Fixed deposit interest rates keep changing from time to time. Therefore, before investing, it is advised to visit the official website of the bank or the nearest branch.

Tenure-wise interest rates

• 7 to 14 days – 2.85%


• 15 to 30 days – 2.85%


• 31 to 45 days – 2.85%


• 46 to 90 days – 3.35%


• 91 to 120 days – 3.35%


• 121 to 150 days – 3.35%


• 151 days to 179 days – 4.85%


• 180 days to 364 days – 4.85%


• One year- 5.85%


• More than 1 year and 374 days – 5.60%


• 375 days (callable) – 6.0%


• 375 days (non-callable) – 6.50%


• 376 days to 443 days – 5.60%


• 444 days (callable) – 6.70%


• 444 days (non-callable) – 6.80%


• 445 days to 665 days – 5.85%


• 666 days (callable) – 6.75%


• 666 days (non-callable) 6.85%


• Above 666 and below 22 months – 5.85%


• 22 months- 5.95%


• More than 22 months and less than 2 years – 5.85%


• From 2 years to 776 days – 5.95%


• 777 days- 6%


• 777 days to 998 days – 5.85%


• 999 days (callable) – 6%


• 999 days (non-callable) – 6.05%


• 1000 days to less than 3 years – 5.95%


• From 3 years to less than 44 months – 5.85%


• 44 months- 5.95%


• More than 44 months and less than 5 years – 5.85%


• 5 years- 5.95%


• More than 5 years and less than 66 months – 5.85%


• 66 months- 5.95%


• Above 66 months and up to 10 years – 5.85%

See the revised interest rates of PSB FD here