Bank FD Comparison Tool

Punjab & Sind Bank vs Mahindra Finance Fixed Deposit Comparison 2026

Compare Fixed Deposit interest rates, maturity amounts, and features between Punjab & Sind Bank (Public Sector) and Mahindra Finance (Private Sector). Analyze the security of public sector banking versus the convenience of private sector services.

PSB

Public Sector

Mahindra Finance

Private Sector

PSB: Min ₹1,000

Mahindra Finance: Min ₹5,000

Security vs Convenience

DICGC Insured up to ₹5 Lakhs

Compare Your FD Returns

Adjust the parameters below to see how returns compare between the two banks

Investment Amount

₹

Five Lakhs rupees

₹5,000₹20,00,000

Investment Period

years

1 year10 years

Customer Type

GeneralStandard interest rates

Senior Citizen (60+)Higher interest rates

Interest Rate Comparison

Interest Rates by Tenure

General rates across different tenures

Current selection: 3 years (1095 days) -PSB: % |Mahindra Finance: %

Side-by-Side Rate Comparison

Direct comparison of general rates

PSB

Mahindra Finance

Highlighted = Your selected tenure

Feature Comparison

Features	PSB Public Sector	Mahindra Finance Private Sector
Minimum FD Amount	₹1,000	₹5,000
Current Interest Rate(Selected Tenure)	%	%
Premature Withdrawal Penalty	1%	1%
Official Rate Source	View Official Rates	View Official Rates

Punjab & Sind Bank

Public Sector Bank

Key Advantages:

Government-owned public sector bank

Established in 1908, nationalized in 1969

Wide branch network across India

Special schemes: 375 Days, 444 Days, 777 Days, 999 Days (Callable)

PSB Green Earth Deposit scheme (22M, 44M, 66M)

Senior citizens get +0.50% additional interest

Super Senior Citizens (80+) get +0.15% on special schemes

Online FD booking facility

Mahindra Finance

Private Sector Bank

Key Advantages:

NBFC with CRISIL AAA/Stable and India Ratings IND AAA/Stable ratings

Senior citizens get +0.25% additional interest for Samruddhi Deposits

Senior citizens get +0.10% additional interest for Dhanvruddhi Deposits (up to 5 Cr)

Employees/Employees' relatives get +0.35% additional rate for Samruddhi Deposits (up to 5 Cr)

Additional 0.05% p.a. on all renewal of deposits (w.e.f. 1st June 2025)

Flexible interest payout options: Monthly, Quarterly, Half-yearly, Yearly

Minimum deposit: ₹5,000

Maximum deposit: ₹5 crores

Tenure: 12 to 60 months

Rates effective from 25th June 2025

Important: Fixed Deposit Safety & Insurance Coverage

₹5 Lakh Insurance Limit

The Deposit Insurance and Credit Guarantee Corporation (DICGC) provides insurance coverage of up to ₹5 lakhs per depositor per bank. This means if you deposit more than ₹5 lakhs in a single bank, only ₹5 lakhs is guaranteed by the government.

⚠️ Recommendation:

Never deposit more than ₹5 lakhs in a single bank. If you have larger amounts, distribute them across multiple banks to ensure full insurance coverage.

Smart Distribution Strategy

For ₹10 lakhs: Split between PSB (₹5L) + Mahindra Finance (₹5L)

For ₹15 lakhs: Add a third bank to the mix

Best of Both: Combine PSB (security) with Mahindra Finance (convenience)

💡 Pro Tip:

You can also open FDs in different family members' names in the same bank to get additional ₹5 lakh coverage for each account holder.

Key Insights & Recommendations

Choose PSB If:

•Minimum amount: ₹1,000
•Public Sector banking preference
•Government-owned public sector bank
•Established in 1908, nationalized in 1969
•Wide branch network across India

Choose Mahindra Finance If:

•Minimum amount: ₹5,000
•Private Sector banking preference
•NBFC with CRISIL AAA/Stable and India Ratings IND AAA/Stable ratings
•Senior citizens get +0.25% additional interest for Samruddhi Deposits
•Senior citizens get +0.10% additional interest for Dhanvruddhi Deposits (up to 5 Cr)

Best Strategy: