Rates verified from official source

Punjab & Sind Bank interest rates · November 2026

Top FD rate
6.90%
500 days · 500-Day Special
Senior citizen FD
7.40%
500 days · 500-Day Special
Top RD rate
6.90%
500 days
Savings rate
4.70%
Above ₹500 crore
Top NRE FD rate
6.95%
667 days to less than 2 years
Top FCNR(B) rate
5.10%
USD · 1 year to less than 2 years

P&S FD rates

1 year5.85%Senior 6.35%3 years5.85%Senior 6.35%5 years5.95%Senior 6.45%
All tenures, calculator and comparison →

What will my FD earn at P&S?

Estimated value after 1 year · before tax ₹5,29,898 5.85% p.a. · ₹29,898 interest · quarterly compounding
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Plan your recurring deposit at P&S

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Before opening an RD

Estimates assume on-time monthly installments and quarterly compounding. Confirm the term, minimum installment, late payment rules, and early closure terms with the bank.

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Overview

Punjab & Sind Bank (P&S) is a nationalised public sector bank, headquartered in New Delhi, established in 1908. Its headline 1-year FD rate of 5.85% is 0.45% below the public sector average of 6.30%, ranking #896 of 1033 banks on RateScan.in.

Headquarters
New Delhi
Established
1908
Branches
~1,500 approx.
Monitored since
18 Sept 2026
Ownership
Government of India (majority stakeholder)
Operates in
All India (nationwide)

Figures marked “approx.” are rounded public estimates as of 2024.

Financial health
CRAR
16.38%
Capital adequacy
Net NPA
0.83%
Bad loans (net)
Credit rating CRISIL, CARE, Infomerics
AA
Rating details ↓

Health indicators sourced from official 2025 disclosures. CRAR ≥ 16% = strong · Net NPA < 1% = healthy · Verify before investing.

Rates as of 20 Oct 2026, verified from official source. Majority Government-of-India owned: deposits insured by DICGC up to ₹5,00,000.

RBI record

Every RBI press release since 1 Jan 2024 that names Punjab & Sind Bank, newest first, each linked to RBI. Checked every week; last on 11 Nov 2026.

A monetary penalty is a fine for not following an RBI rule. On its own it does not stop the bank taking or repaying deposits; RBI does that through directions, which are listed here when they apply.

  1. RBI fined the bank ₹68.20 lakh

    RBI's reason: “for non-compliance with certain directions issued by RBI on ‘Creation of a Central Repository of Large Common Exposures – Across Banks’ read with ‘Central Repository of lnformation on Large Credits (CRlLC) – Revision in Reporting’ and ‘Financial Inclusion - Access to Banking Services – Basic Savings Bank Deposit Account (BSBDA)’”

    What RBI found

    “The bank did not report certain borrowers with non-fund based exposure of ₹5 crore and above to CRILC; and The bank allowed certain BSBDA holders to open Savings Bank Deposit Accounts.”

    RBI says: “The action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.”

    RBI press release 2024-2025/2469

  2. RBI fined the bank ₹1 crore

    RBI's reason: “for non-compliance with certain directions issued by RBI on ‘Loans and Advances – Statutory and Other Restrictions’”

    What RBI found

    “Non-compliance with the aforesaid direction by the bank, to the extent it sanctioned a term loan to a Corporation (i) in lieu of or to substitute budgetary resources envisaged for certain projects; (ii) without undertaking due diligence on the viability and bankability of the projects to ensure that revenue streams from the projects were sufficient to take care of the debt servicing obligations; and (iii) the repayment / servicing of which was made out of budgetary resources.”

    RBI says: “This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.”

    RBI press release 2023-2024/1669

This record covers RBI press releases only. Other actions, such as those of a state's Registrar of Co-operative Societies, are not included.

Branches

1,810 branches in 380 districts

Most branches: Delhi 132, Amritsar 81, Ludhiana 77

From RBI's IFSC directory (updated 1 Nov 2026). Counts can include recently merged or closed branches; check the bank's branch locator before visiting.

P&S Fixed Deposit rate changes

Changes to P&S's fixed deposit (FD) rates that RateScan.in has recorded since it started tracking them on 18 Sept 2026. Each date is when RateScan.in first recorded the new rate; the bank's own effective date is in the rate table above.

11 Nov 2026
▼ 12 cut−0.25 pp
  • 1 year to 2 years · Above ₹100 crore · General7.25% → 7.00% 0.25 pp
  • 1 year to 2 years · Above ₹10 crore to ₹15 crore · General7.25% → 7.00% 0.25 pp
  • 1 year to 2 years · Above ₹15 crore to ₹25 crore · General7.25% → 7.00% 0.25 pp
Show all 12 changesShow fewer
  • 1 year to 2 years · Above ₹25 crore to ₹50 crore · General7.25% → 7.00% 0.25 pp
  • 1 year to 2 years · Above ₹50 crore to ₹75 crore · General7.25% → 7.00% 0.25 pp
  • 1 year to 2 years · Above ₹75 crore to ₹100 crore · General7.25% → 7.00% 0.25 pp
  • 1 year to 2 years · Above ₹100 crore · General7.40% → 7.15% 0.25 pp
  • 1 year to 2 years · Above ₹10 crore to ₹15 crore · General7.40% → 7.15% 0.25 pp
  • 1 year to 2 years · Above ₹15 crore to ₹25 crore · General7.40% → 7.15% 0.25 pp
  • 1 year to 2 years · Above ₹25 crore to ₹50 crore · General7.40% → 7.15% 0.25 pp
  • 1 year to 2 years · Above ₹50 crore to ₹75 crore · General7.40% → 7.15% 0.25 pp
  • 1 year to 2 years · Above ₹75 crore to ₹100 crore · General7.40% → 7.15% 0.25 pp
Bank's rate page ↗
7 Nov 2026
▼ 6 cut▲ 6 raised−0.25 to +0.45 pp
  • 1 year to 2 years · Above ₹10 crore to ₹15 crore · General6.80% → 7.25% 0.45 pp
  • 1 year to 2 years · Above ₹10 crore to ₹15 crore · General6.95% → 7.40% 0.45 pp
  • 46 to 60 days · Above ₹50 crore to ₹75 crore · General5.50% → 5.95% 0.45 pp
Show all 12 changesShow fewer
  • 61 to 90 days · Above ₹50 crore to ₹75 crore · General5.70% → 6.00% 0.30 pp
  • 1 year to 2 years · Above ₹25 crore to ₹50 crore · General7.50% → 7.25% 0.25 pp
  • 1 year to 2 years · Above ₹25 crore to ₹50 crore · General7.65% → 7.40% 0.25 pp
  • 1 year to 2 years · Above ₹50 crore to ₹75 crore · General7.35% → 7.25% 0.10 pp
  • 1 year to 2 years · Above ₹50 crore to ₹75 crore · General7.50% → 7.40% 0.10 pp
  • 91 to 180 days · Above ₹50 crore to ₹75 crore · General6.10% → 6.20% 0.10 pp
  • 91 to 180 days · Above ₹50 crore to ₹75 crore · General6.15% → 6.25% 0.10 pp
  • 1 year to 2 years · Above ₹15 crore to ₹25 crore · General7.30% → 7.25% 0.05 pp
  • 1 year to 2 years · Above ₹15 crore to ₹25 crore · General7.45% → 7.40% 0.05 pp
Bank's rate page ↗
6 Nov 2026
▲ 1 raised+0.15 pp
  • 500 days · Super senior7.40% → 7.55% 0.15 pp
Bank's rate page ↗

Showing the latest 25 of 68 recorded changes.

See all P&S rate changes →

Credit rating

What independent credit rating agencies say about Punjab & Sind Bank. Every rating links to the document it comes from, so you can check it yourself.

AA
Headline rating
Basel III Tier II bonds · CRISIL, CARE, Infomerics · Stable
High safety: very low credit risk
Latest rating action: 9 Sept 2026
AgencyInstrument RatingOutlook PublishedSource
CRISIL Basel III Tier II bonds ₹1,000 cr AA Stable Reaffirmed
9 Sept 2026
 Exchange filing
CARE Basel III Tier II bonds ₹1,237.3 cr AA Stable Reaffirmed
21 Aug 2026
 Exchange filing
Infomerics Basel III Tier II bonds ₹237.3 cr AA Stable Reaffirmed
27 Feb 2026
 Exchange filing
CRISIL Infrastructure / long-term bonds ₹3,000 cr AA Stable Reaffirmed
9 Sept 2026
 Exchange filing
How to read these ratings
  • Scale: AAA is the highest long-term grade (lowest credit risk), then AA (very low risk), A (low risk) and BBB (moderate risk, the lowest investment grade). A + or − moves a grade up or down a notch. Short-term ratings such as A1+ cover obligations of up to a year.
  • Outlook: Stable, Positive or Negative is the agency's view of where the rating is likely to go over the next one to two years. Rating watch means the agency is reviewing the rating after a specific event, such as a change of owner.
  • Instrument: a rating belongs to a specific instrument, not to the whole bank. Tier I (AT1) and Tier II bonds can be written down if the RBI declares a bank non-viable, so they are usually rated no higher than the bank's deposits.
  • Headline grade: we use the rating on fixed deposits where an agency gives one; otherwise the issuer or Tier II rating. We take each agency's latest rating and show the lowest, so the headline is never more generous than any agency's latest view.
  • A rating is an opinion about the ability to repay on time. It is not a guarantee or a recommendation. Whatever the rating, deposits in a bank are insured by DICGC up to ₹5 lakh per depositor per bank (principal and interest together).

Sources: we list a rating only when we can point to the document that states it: the agency's own rating rationale, the bank's Regulation 30 filing on the NSE or BSE, a rating letter, or the bank's own rating page. A weekly automated check re-opens each linked document to confirm it still shows the grade and scans stock-exchange announcements for new rating filings. Last checked: 9 Nov 2026.

Check it yourself: CRISIL · ICRA · CARE · India Ratings · Infomerics

Ratings change. Confirm the current rating with the agency before you invest. This is information, not investment advice.

Good to know

  • Deposits with Punjab & Sind Bank are insured by DICGC up to ₹5,00,000 per depositor per bank (principal and interest combined, across all its branches). Anything above that is not insured.
  • P&S is a public sector bank, majority owned by the Government of India. Deposit insurance is still the DICGC cover above.
  • Senior citizens (60+) earn up to 0.50% p.a. more than general customers at P&S, depending on the tenure.
  • P&S's FD table includes 15 special schemes; check eligibility and end dates.
official Effective 20 Oct 2026 · Ingested 25 Oct 2026 · Verified 13 Nov 2026 · View source

Informational only. Always confirm the current rate on the official P&S website before investing. Bank names and associated colors are used for identification purposes only. All bank names, logos, and trademarks are the property of their respective owners. RateScan.in is not affiliated with, endorsed by, or sponsored by any bank.