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Punjab and Sind Bank RD Interest Calculator

RD Calculator Punjab and Sind in India Sep 2020

Last Updated 19th Aug 2020

Tenure General Rates Senior Citizen Rates
180 days to 269 days 6.25% 6.75%
270 days to 364 days 6.40% 6.90%
1 year to 2 years 7.00% 7.50%
2 years 1 day to 2 years 364 days 6.60% 7.10%
3 years to 5 years 6.55% 7.05%
5 years 1 day to 10 years 6.55% 7.05%

Calculate RD Maturity Amount of All Banks in India

Punjab and Sind Bank RD Calculator
Investment Offers with High Returns offerOffers
Bank/NBFCs Rate Tenure Action
Bajaj Finance FD7.35%60 MonthsAPPLY
PNB Housing Finance FD7.20%120 MonthsAPPLY
DBS Bank Savings Account5.00%N.A.APPLY

Punjab and Sind Recurring Deposit Calculator

Punjab and Sind Bank, a leading Public Sector Bank in India offers attractive interest rates upto 7.00% on its Recurring deposits.
RD maturity amount that you will get depends upon

  • Deposit amount
  • Rate of interest
  • RD tenure
  • Compounding frequency
  • TDS applicability and TDS rate

Punjab and Sind Recurring Deposit Interest Calculator

  • In a periodic interest payout option, Punjab and Sind Bank would transfer the interest earned at each interval (say, quarterly) to your bank account. The interest would remain same across the life of the deposit. On maturity of RD, unless the deposit is renewed, would transfer the principal amount to your bank account.
  • In case you opt for a Punjab and Sind Bank cumulative deposit, on maturity you would get a credit for the principal and interest earned net of TDS.
  • Calculate the RD maturity amount using the RD calculator.

Tax on Recurring Deposit Punjab and Sind Bank

  • In case the interest earned by you across all your recurring deposits across all branches of Punjab and Sind Bank in a year exceeds 10,000, the bank must deduct TDS at 10.3%. In case your IT PAN is not updated in the Punjab and Sind Bank records, it must deduct twice the TDS at 20.6%. So, do remember to update your PAN on your RD.
  • We aren’t done yet. This was only the TDS. Now, you would need to add the interest income on all your Punjab and Sind Bank RD’s and other RD’s to your taxable income for the year. Based upon your tax bracket, income tax is payable on this income. You must estimate the interest income and all your other incomes and, based on this, pay advance tax on advance tax payment dates (15th Sep, 15th Dec, 15th March and 31st March).
  • Punjab and Sind Bank will also issue you a Form 16A giving details of tax deducted on RD interest and tax deposited by it with government treasury. The TDS amount deposited by the bank with Income Tax Department can be verified in your 26AS statement available online on IT department website or through your net banking account. You can claim credit for the TDS amount in your annual Income Tax Return.

Punjab and Sind RD interest rate calculator – Check your city

  • Keep your KYC documents - PAN card, address proof and photo ready.
  • To know more or apply, contact any of the branches of Punjab and Sind Bank in your city


What is the highest interest earned on Punjab and Sind Bank recurring deposit?

You can earn a maximum interest of 7.00% on Punjab and Sind Bank recurring deposit.

Are there any extra benefits for senior citizens on fixed deposit of Punjab and Sind Bank?

Yes, senior citizens get extra benefit of 0.5% interest rates on their RD in Punjab and Sind Bank.

*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More