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    Non Resident External (NRE) Rupee Accounts

    2. Interest Rates
    3. Non Resident External (NRE) Rupee Accounts
    Queries Regarding Remittance from abroad 011-25728461
    Email id- ho.fex@psb.co.in 
     
    Rate of Interest on Term Deposit under Non Resident External (NRE) Rupee Accounts deposits up to Rs. 2 crore, 21/10/2024 w.e.f:
    Maturity Revised date 21/10/2024 (% p.a.)
      Term Deposit of less than Rs. 2 Cr
    1 Year 6.30
    >1 Year - 443 Days 6.00
    444 Days 7.30($)
    445 Days - 554 Days 6.00
    555 Days 7.45($)
    556 Days < 2 Years 6.00
    > 2 Years-776 Days 6.30
    777 Days 7.25($)
    778 Days- 998 Days 6.30
    999 Days 6.65($)
    1000 Days - <3 Years 6.30
    3 Years - 5 Years 6.00
     

     

    NOTE:

    ($) Valid for period upto 31.12.2024 only.
     
    Staff/ Ex-Staff/ Senior Citizens shall NOT BE given any additional benefit over and above the above noted interest rate in NRE term deposit.
     
    For payment of interest and penalty on pre-mature withdrawal of term deposits, please visit nearest Punjab & Sind Bank Branch
     
    For interest on overdue period of FDRs, please visit nearest Punjab & Sind Bank Branch. However, in case of closure, the interest on overdue period will be paid at applicable Saving Bank rate of interest

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