Yes. PSD is considered to be relevant even today. The workflow of website development is ignored today by the developers as many new tools, ready-to-use templates and frameworks are available. Though these elements make the task easier, the aesthetics of any website cannot be ignored or taken lightly. The PSD file for website design is still used by the front-end developers to gain a better understanding of the website's aesthetic components including colors and usability to make the website more appealing and unique. In web designing, the PSD file is accepted as an integral and important part of website designing.