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

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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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