Use this user-friendly FD calculator for calculating your Punjab & Sind Bank FD maturity amount. Simply enter the amount invested in the FD, interest rate (p.a.), and tenure.
| FD Maturity Date | : |
| Deposit Amount | : ₹10,000 |
| Interest Amount | : ₹666 |
| Total Amount at Maturity | : ₹10666 |
The PSB FD Calculator can come in handy if you want to calculate the potential returns of your fixed deposit. It is a valuable tool that assists users in determining the maturity amount of their fixed deposits with different compounding frequencies. The PSB FD Calculator helps individuals to make smart financial decisions, compare options, and plan their investments effectively.
Punjab & Sind Bank FD Interest Rates
For domestic, NRO, and NRE deposits under Rs 2 crore, Punjab and Sind Bank offers affordable fixed-rate options. The below table shows a clear breakdown of Punjab and Sind Bank FD rates based on the tenure:
| PSB FD Tenure | Annual Interest Rates for General Investors | Annual Interest Rates for Senior Citizens |
|---|---|---|
| 7 – 14 days | 2.80 | 2.80 |
| 15 – 30 days | 2.80 | 2.80 |
| 31 – 45 days | 3.00 | 3.00 |
| 46 – 90 days | 3.80 | 3.80 |
| 91 – 120 days | 3.95 | 3.95 |
| 121 – 150 days | 4.00 | 4.00 |
| 151 - 179 days | 4.00 | 4.00 |
| 180 days to 269 days | 4.50 | 5.00 |
| 270 - 364 days | 4.65 | 5.15 |
| 1 year - 2 years | 5.65 | 6.15 |
| Above 2 years - less than 3 years | 5.80 | 6.30 |
| 3 years - 5 years | 5.75 | 6.25 |
| Above 5 years - 10 years | 5.75 | 6.25 |
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How Can Punjab & Sind Bank FD Calculator Help
The Punjab Sind Bank FD Calculator is a powerful tool that offers a range of benefits. Here's a detailed look at how the PSB FD Calculator can assist you:
- Interest Estimation: By inputting the principal amount, FD tenure, and current interest rates, you can estimate the potential interest income.
- Maturity Value Calculation: You can determine the total maturity value of their fixed deposit by entering the principal amount and FD tenure.
- uick Assessments: The calculator enables users to swiftly assess both the interest earned and the overall maturity value without the need for manual calculations.
- Decision Support: The calculator assists individuals in making informed investment decisions by providing a clear picture of the expected returns on their fixed deposit.
- Comparison: Users can use the calculator to compare different FD amounts and tenures, helping them find the most suitable option based on their financial goals.
- Real-time Adjustments: As interest rates may change, the calculator allows users to adapt their calculations in real-time, ensuring accuracy in projections.
- Convenience: The calculator offers a user-friendly and convenient way to perform complex FD calculations without the need for manual computations.
- Financial Planning: By utilizing the FD calculator, you can incorporate the estimated returns into their overall financial planning, aiding in better budgeting and goal setting.
How to Use PSB FD Calculator
The Punjab and Sind Bank FD Calculator makes it easy to quickly figure out the maturity amount. You can explore different investment options based on your financial preferences and goals using this user-friendly tool. Here's how to use it:
- Step 1: Visit FD Calculator page.
- Input details: Specify the principal amount, interest rate, and tenure (days, months, or years).
- View results: Based on the provided information, the calculator will display the maturity amount promptly.
- Explore options: Experiment with different combinations of principal, tenure, and interest rates to formulate an investment strategy aligned with your financial goals.
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Formula to Calculate Punjab Sind Bank FD Maturity Amount
Choosing Punjab and Sind Bank Fixed Deposits is a secure way to build your savings. Understanding potential returns is key for effective financial planning, and the Punjab and Sind Bank FD Calculator makes calculating the maturity amount a breeze. You can also use the following formula to calculate the maturity amount manually.
A = P [(1 + r/n)nt
Where,
A = maturity amount,
P = principal amount,
r = annual interest rate,
n = number of times interest is compounded per year,
t = tenure in years.
Example:
let’s suppose you invest ₹5,00,000 in Punjab and Sind Bank Fixed Deposit with the following specifications:
Principal amount (P): ₹5,00,000
Rate of interest (r): 6,30% per annum
Compounding frequency (n): Annual compounding (4 time a year)
Tenure (t): 3 years
Let's substitute these values into the formula:
A= 5,00,000 (1+0.063/4)^(4×3)
A ≈ ₹6,03,131
Therefore, the FD maturity amount after 3 years would be ₹6,03,131 approximately.
Punjab and Sind Bank FD Interest Calculation
To make informed financial choices, it's important to comprehend how interest is computed on Standard Chartered Fixed Deposits. To calculate compound interest, utilize the following formula:
Total Interest = Maturity Amount - Principal Amount
Example:
Following the previous calculation, we can calculate the total interest as follows:
Total Interest = ₹6,03,131 - ₹5,00,000
The total interest earned on the ₹5,00,000 Fixed Deposit in a Citibank, with a 6.30% annual interest rate compounded quarterly for 3 years, is ₹1,03,131.
Check other Banks FD Calculators from below:
Also, check Small Finance Banks FD Calculators from below:
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Frequently Asked Questions
Punjab and Sind Bank FD offers an interest rate of up to 5.80% p.a. for general investors and 6.30% p.a. for senior citizens.
Yes, Punjab and Sind Bank offer different FD schemes. You can get more details here.
Yes, you can calculate the maturity amount for a fixed deposit with the Punjab and Sind Bank calculator by entering relevant details.
The minimum deposit amount is ₹100 for regular FDs, specific schemes might have higher minimums.
Yes, PSB offers an additional 0.50% p.a. for term deposits < ₹2 crore, other schemes might offer more.
To apply for a Punjab and Sind Bank FD through mobile banking, follow the bank's online application process available on their mobile banking platform.
Yes, Punjab and Sind Bank usually provides NRI deposit options.
Yes, you can open an FD account with Punjab and Sind Bank online through their internet banking or mobile banking services.
Yes, you can get a loan against your Punjab and Sind Bank FD at specific interest rates depending on FD amount & tenure.
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