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PNB increases domestic term Deposit Rates

New Delhi, December 3, 2004

Punjab National Bank (PNB) has revised the rates of interest on Domestic Term Deposits w.e.f. 3.12.2004. The rate of interest on deposits of 5 years below Rs.15 lac has been increased from 6.00 % to 6.25 %. The rates on deposits of Rs.15 lac to below Rs.5 crore have been increased on various maturities. The details of revised rates of interest are as under :

Maturity Period	Below Rs. 15 lac		Rs.15 lac to below Rs.5 crores
	Existing	Revised	Existing	Revised
7 days to 14 days	3.00 %	3.00 %	3.00 %	3.50 %
15 days to 29 days	4.00 %	4.00 %	4.00 %	4.25 %
30 days to 45 days	4.25 %	4.25 %	4.25 %	4.50 %
46 days to 90 days	4.50 %	4.50 %	4.50 %	4.50 %
91 days to 179 days	4.75 %	4.75 %	4.75 %	5.00 %
180 days to less than 1 year	5.00 %	5.00 %	5.00 %	5.25 %
1 year to less than 2 years	5.25 %	5.25 %	5.25 %	5.50 %
2 years to less than 3 years	5.50 %	5.50 %	5.50 %	5.50 %
3 years to less than 5 years	5.75 %	5.75 %	5.75 %	5.75 %
5 years and above	6.00 %	6.25 %	6.00 %	6.25 %

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