PNB MAKES UPWARD REVISION IN INTEREST RATES ON NON –RESIDENT DEPOSITS

INVC,,

Delhi,,

Punjab National Bank has made an upward revision in interest rates on NRE Fixed  deposits for all maturities with maximum interest of 3.19 % . Similarly upward revision in interest rates for Foreign Currency Non – Resident FCNR(B)  deposits has been made in major currencies i.e USD,GBP,CAD & AUD for maturities of 1 yr to 5 yrs and in EURO for maturity of 1 yr to less than 5 yrs . The increase has come into effect from 1st March,2011.

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