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is it true that after 5 years this bank doubles wat u have for example if i had 10 000 rupees after 5 years i will have 20 000 then after another 5 i would have 40 000:?

2007-07-24 22:20:41 · 2 answers · asked by Anonymous in Travel India Chandigarh

2 answers

I have gone through the website of Punjab & Sind Bank and find that the maximum rate of interest they give to general public for fixed deposit is 9%. At this rate of interest, your investment cannot be double in 5 years.

Please check the following link for the interest rates of Punjab & Sind Bank:

http://www.psbindia.com/interestdom.php...

2007-07-27 16:49:19 · answer #1 · answered by vakayil k 7 · 0 0

PSB ===DOUBLING in 5 yrs impossible. CBI case on fixed deposits -----heard in news.----in psb----psb manager in custudy

2007-07-25 06:03:18 · answer #2 · answered by Muthu S 7 · 0 0

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