Punjab and Sind Bank Fd Rates 444 Days Calculator

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Punjab and Sind Bank FD Calculator (444 Days)

General Public Senior Citizen Super Senior Citizen

Default rate is estimated for the 444-day special scheme. Please verify current rates with the bank.

Invested Amount: ₹0
Interest Earned: ₹0
Maturity Value: ₹0

*Calculated using quarterly compounding logic typical for Indian FDs.

Understanding the PSB 444 Days FD Scheme

Punjab and Sind Bank often releases special Fixed Deposit tenures that offer higher interest rates compared to standard duration deposits. One of the most popular specific tenures is the 444 Days scheme (sometimes referred to as the PSB Fabulous scheme depending on the specific launch cycle).

This calculator is specifically designed to help you estimate returns for a fixed tenure of 444 days. Unlike standard calculators that require you to convert days to years manually, this tool hardcodes the tenure to give you precise estimates based on your deposit amount and the prevailing interest rate.

How Interest is Calculated on 444 Days

Fixed Deposits in Indian banks, including Punjab and Sind Bank, typically use Quarterly Compounding. This means the interest you earn in the first quarter is added to your principal, and in the next quarter, you earn interest on this increased amount.

For a tenure of 444 days:

  • Total Days: 444
  • Conversion to Years: Approximately 1.216 years.
  • Compounding Frequency: 4 times a year.

Benefits of the 444-Day Tenure

Why choose this specific odd-days tenure? Banks structure these schemes to manage their asset-liability matches, and in return, they offer a premium over the standard 1-year rate.

  • Higher ROI: Typically offers 0.25% to 0.50% higher rates than a standard 1-year FD.
  • Medium Term: Your money is not locked away for 5 or 10 years, providing liquidity in a little over a year.
  • Additional Benefits: Senior Citizens usually get an additional 0.50%, and Super Senior Citizens may get even more depending on current bank policies.

Sample Returns for ₹1,00,000 Investment (Estimated)

Category Interest Rate (Est.) Tenure Maturity Value (Est.)
General Public 7.40% 444 Days ₹1,09,335
Senior Citizen 7.90% 444 Days ₹1,09,992
Super Senior 8.05% 444 Days ₹1,10,190

Note: The rates in the table above are for illustrative purposes. Always check the official Punjab and Sind Bank website for today's exact interest rates.

FAQ: Punjab and Sind Bank 444 Days FD

1. Can I withdraw my FD before 444 days?
Yes, premature withdrawal is usually allowed, but it may attract a penalty (typically 1%) and the interest paid will be based on the rate applicable for the period the deposit actually ran.

2. Is the interest taxable?
Yes, interest earned on FDs is fully taxable as per your income tax slab. TDS is deducted if interest exceeds ₹40,000 (₹50,000 for senior citizens) in a financial year.

// Logic to auto-update rate based on category selection // These are hypothetical base spreads for demonstration function updateRate() { var category = document.getElementById('customerCategory').value; var rateInput = document.getElementById('interestRate'); var baseRate = 7.40; // Base rate for General Public for 444 days scheme if (category === 'general') { rateInput.value = baseRate.toFixed(2); } else if (category === 'senior') { // Usually +0.50% rateInput.value = (baseRate + 0.50).toFixed(2); } else if (category === 'super') { // Usually +0.65% or similar rateInput.value = (baseRate + 0.65).toFixed(2); } // Trigger calculation automatically when category changes calculateFD(); } function calculateFD() { // 1. Get Inputs var principalInput = document.getElementById('investmentAmount'); var rateInput = document.getElementById('interestRate'); var tenureInput = document.getElementById('tenureDays'); var P = parseFloat(principalInput.value); var R = parseFloat(rateInput.value); var days = parseFloat(tenureInput.value); // 2. Validation if (isNaN(P) || P <= 0) { alert("Please enter a valid deposit amount."); return; } if (isNaN(R) || R <= 0) { alert("Please enter a valid interest rate."); return; } // 3. Calculation Logic for Quarterly Compounding // Formula: A = P * (1 + (R/100)/4) ^ (4 * t) // t = time in years var timeInYears = days / 365; var frequency = 4; // Quarterly // Rate per period var ratePerPeriod = (R / 100) / frequency; // Total compounding periods var totalPeriods = frequency * timeInYears; // Calculate Amount var maturityAmount = P * Math.pow((1 + ratePerPeriod), totalPeriods); // Calculate Interest var totalInterest = maturityAmount – P; // 4. Rounding maturityAmount = Math.round(maturityAmount); totalInterest = Math.round(totalInterest); // 5. Display Results document.getElementById('displayPrincipal').innerText = "₹" + P.toLocaleString('en-IN'); document.getElementById('displayInterest').innerText = "₹" + totalInterest.toLocaleString('en-IN'); document.getElementById('displayMaturity').innerText = "₹" + maturityAmount.toLocaleString('en-IN'); // Show result section document.getElementById('result-section').style.display = "block"; }

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