Online fd psb UnIc app 2024

 To open a Fixed Deposit (FD) or Recurring Deposit (RD) account with Punjab and Sind Bank (PSB) using the PSB Unic app or online, here are the detailed steps for both types of accounts:

How to Open an FD Account with PSB Unic (Online)

1. Download the PSB Unic App:

   • If you haven't already, download the PSB Unic app from your app store (Google Play Store or Apple App Store).

2. Register and Login:

   • Open the app and register if you haven't already. After registration, log in with your credentials.

3. Select the Deposit Type:

   • Once logged in, you will see an option to open FD or RD. Choose the FD (Fixed Deposit) option.

4. Choose the Deposit Scheme:

   • You will be asked to select a Deposit Scheme. Options include:
     • General FD
     • Tax Saver FD (if you want tax benefits).

5. Enter the Investment Amount:

   • Enter the amount you wish to invest in the FD.

6. Choose Interest Payout:

   • Select how you want the interest to be paid:
     • On Maturity (all interest paid at the end of the term).
     • Quarterly or Monthly (depending on your preference).

7. Select the Tenure:

   • Choose the tenure of your FD (e.g., 1 year, 2 years, etc.).

8. Calculate Maturity:

   • After selecting the tenure, click Calculate Maturity to view your Maturity Amount, Interest Rate, and Estimated Total Interest.

9. Nominee Details:

   • Add a nominee (optional) by entering their details such as Name, Relationship, and Date of Birth.

10. Review Terms and Conditions:

    • Read and accept the terms and conditions before proceeding.

11. OTP Verification:

    • An OTP will be sent to your registered mobile number. Enter the OTP to confirm your details.

12. Submit Application:

    • Once confirmed, click Submit to complete the application. Your FD account will be opened.

How to Open an RD Account with PSB Unic (Online)

The process for opening a Recurring Deposit (RD) account is similar:

1. Follow Steps 1 to 3 (as mentioned for FD).
2. Choose Recurring Deposit:
   • Select the Recurring Deposit (RD) option instead of FD.
3. Choose Your Debit Account:
   • Select your debit account from which the RD installments will be deducted.
4. Enter the Amount for RD:
   • Enter how much you want to invest in the RD.
5. Select the Tenure:
   • Choose the tenure for your RD (e.g., 1 year, 2 years, etc.).
6. Review and Calculate Maturity:
   • Click Calculate Maturity to check the maturity amount and interest.
7. Nominee Details:
   • Add a nominee if applicable.
8. Review Terms and Conditions:
   • Agree to the terms and conditions.
9. OTP Verification and Submit:
   • Enter the OTP sent to your registered mobile number, and submit to open your RD account.

Interest Rates for FD and RD in Punjab and Sind Bank

• Fixed Deposit (FD): Typically offers interest rates around 6.30% per annum. Senior citizens may receive 6.80%.
• Recurring Deposit (RD): Generally offers similar interest rates as FD, around 6.30%. Senior citizens can expect 6.80%.

Features of PSB Unic for FD and RD

• Joint Account: Both FD and RD can be opened as joint accounts. You'll need to submit documents like Aadhar card, PAN card, and photographs for both parties.
• Loan Against FD: You can avail of a loan against your FD with an interest rate of 1.5% higher than the FD rate.

By using the PSB Unic app or visiting the official website of Punjab and Sind Bank, you can open both FD and RD accounts online without the need to visit a branch.