PNB revises interest rate on term deposits

October 10, 2014 11:59 pm | Updated May 23, 2016 03:53 pm IST - BANGALORE:

Punjab National Bank (PNB), on Friday, revised interest rates on single term deposit of Rs.1 crore to Rs.10 crore. As per its announcement, interest on such deposits for a maturity period of 7-14 days is being revised to 6 per cent from 4 per cent, 15-29 days 6 per cent (4.50 per cent); 30-45 days 6.25 per cent (6.50 per cent); 46-90 days 7 per cent (7.25 per cent) and 271 days to less than one year 8.50 per cent (8.75 per cent).

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