PSB Fabulous Plus 601 Days

• The salient features of the scheme are placed as under:

• Name of the scheme: “PSB Fabulous Plus-601 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 601 Days only.
• Scheme Valid: Upto 31 MARCH, 2023.
• Rate of interest:
  1.  Special Rate of Interest i.e. Fixed Rate 7 % (Per annum) for General Public.
  2. Special Rate of Interest i.e. Fixed Rate 7.50 % (Per annum) for Senior Citizen.
  3. Special Rate of Interest i.e. Fixed Rate 7.85 % (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.