PSB Fabulous Plus 601 Days
- The salient features of the scheme are placed as under:
- Name of the scheme: “PSB Fabulous Plus-601 Days”
- Who can open this account:
- Individuals: Resident Individuals including minors, Body of individuals.
- 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 601 Days only.
- Scheme Valid: Upto 31 MARCH, 2023.
- Rate of interest:
- Special Rate of Interest i.e. Fixed Rate 7 % (Per annum) for General Public.
- Special Rate of Interest i.e. Fixed Rate 7.50 % (Per annum) for Senior Citizen.
- Special Rate of Interest i.e. Fixed Rate 7.85 % (Per annum) for Super Senior Citizen.
- Calculation of Interest: Interest shall be calculated as quarterly product basis.
- Mode of Operation of Accounts: Single Operation/ Joint Operation/Operation through Power of Attorney or as the case be etc.
- 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.
Note:Super Senior Citizen customer’ implies “A person of Age 80 Year and above”. Such customer/ex-staff is entitled to get 35 basis (under this Fixed Deposit Scheme) over and above of applicable rate of interest for senior citizen customer.