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PSB INVESTMENT PLUS-501 DAYS

PSB INVESTMENT PLUS-501 DAYS

To provide better return to customers’ investments, in terms of increased rate of interest on the deposits our Bank has always been proactive to bring out some new and unique deposit products for customers’ delight. Such products are always sought after by the customers at large

 Hence, in series of our recently launched deposit products a special deposit product PSB INVESTMENT PLUS-501 DAYS" has been launched.

  • The salient features of the scheme are placed as under:
  • Name of the scheme: “PSB investment Plus-501 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 501 Days only.
  • Scheme Validity: upto 1st December, 2022.
  • Rate of interest:  Special Rate of Interest i.e Fixed Rate 6.10 % (Per annum)
  • 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.
  • All other terms and conditions:  As applicable to other Term Deposit Product but not mentioned in this product shall apply here also.
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