Home   >>    Articles   >>    Investment Articles   >>     Read & Learn

PNB reduces non-resident deposit rates

Punjab National Bank (PNB) has cut down the interest rates on various non-resident deposits schemes on Sep 2.

02 Sep 2008

Punjab National Bank (PNB) has cut down the interest rates on various non-resident deposits schemes on Sep 2.

For FCNR (B) Scheme for dollar deposits with maturity ranging from one to two years, the interest rates has been slashed to 2.46 percent from 2.50 percent.

The interest rates for dollar deposits with maturities between 2-3 years, 3-4 years and 4-5 years have been brought down to 2.56 per cent, 2.88 per cent and 3.10 percent respectively.

For one to two years Euro deposits, interest rate has been slashed to 4.58 percent from 4.62 percent.

 The interest rate for NRE deposit schemes with maturity of one to two year has been reduced to 3.21 per cent whereas three to five year deposits will attract an interest rate of 3.63 per cent.



44.58 Lakh satisfied customers till Dec 2016
Get Loan Offers
Instant Home Loan Offers Instant Car Loan Offers Instant Personal Loan Offers
     
Instant Loan against Property Offers Instant Education Loan Offers Instant Credit Card Offers
Get Insurance Proposals
Instant Life Insurance Offers Instant Health Insurance Offers Instant Car Insurance Offers