PUNJAB & SIND BANK RAISES DEPOSIT RATES BY UP TO 0.75 PC

Punjab & Sind Bank announced an increase in interest rates on fixed deposits (FDs) of different maturities by up to 0.75 per cent per annum. The new rates will be effective from August 4.

The new deposit rates range from 2.50 per cent to 7.50 per cent on FDs of 7 days to 10 years' tenor.

While raising the rates, Punjab and Sind Bank said that it has decided to provide special rates of 7.25 per cent per annum and 7.50 per cent per annum for fixed maturities of 500 and 1,000 days' tenor.

Senior citizens will continue getting additional benefit of 50 basis points, as hitherto.

Source: http://economictimes.indiatimes.com/news/news-by-industry/banking/finance/banking/Punjab--Sind-Bank-raises-deposit-rates-by-up-to-075-pc/articleshow/6294083.cms