The revised interest rates for Savings Bank Deposits in Punjab and Sind Bank, including NRE/NRO accounts, effective from April 1, 2025, are as follows:
The interest rates for savings account balances vary based on the deposit amount. For balances up to Rs.1 crore, the interest rate is 2.60% per annum. Deposits exceeding Rs.1 crore and up to Rs.50 crore earn a slightly higher interest rate of 2.80% per annum. For larger balances between Rs.50 crore and Rs.100 crore, the savings account interest rate increases significantly to 4.42% per annum. Deposits ranging from Rs.100 crore to Rs.500 crore receive an interest rate of 4.45% per annum. For balances exceeding Rs.500 crore, the highest interest rate of 4.90% per annum is applicable.
