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PSB FABULOUS 300 DAYS

 “PSB FABULOUS 300 DAYS"

  • The salient features of the scheme are placed as under-
  • Name of the scheme: “PSB FABULOUS 300 DAYS
  • Who can open this account:
    1. Individuals: Resident Individuals including minors, Body of individuals.
    2. Non-Individuals: Non-individuals like Hindu Undivided Family (HUF), Sole Proprietorship firms; Partnership firms, Companies, Association of persons etc.
  • Tenure of Deposit: For a Period 300 Days only.
  • Scheme Valid: Up to 31 MARCH 2023
  • Rate of interest:
    1.  Special Rate of Interest i.e. Fixed Rate 5.25 % (Per annum) for General Public.
    2. Special Rate of Interest i.e. Fixed Rate 5.75 % (Per annum) for Senior Citizen.
    3. Special Rate of Interest i.e. Fixed Rate 6.10 % (Per annum) for Super Senior Citizen.
  • Calculation of Interest: Interest shall be calculated as quarterly product basis.
  • Mode of Operation of Accounts: Single Operation/ Joint Operation/Operation through Power of Attorney or as the case be etc.
  • Whether Staff benefit in terms of additional rate of interest Available under this scheme: Yes, as per the extant guidelines of the Bank.
  • Whether Senior Citizen benefit in terms of additional rate of interest Available under this scheme: Yes.
  • Where these Accounts can be opened: All branches are authorized to open accounts under this scheme.
  • Minimum Deposit in the Account :Rs 5,000/- and above in multiple of Rs 1000/-
  •  Maximum Deposit in the Account: Maximum Deposit in the Account: Rs 1.99 Crore.

Note: ‘Super Senior Citizen customer’ implies “A person of Age 80 Year and above”. Such customer/ex-staff is entitled to get 35 basis (under this Fixed Deposit Scheme) over and above of applicable rate of interest for senior citizen customer”

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