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PNB Revises Interest Rates on Non-Resident Deposits
New Delhi December 02, 2006
Punjab National Bank has revised the rates of interest on FCNR (B) Deposits
Scheme for USD, GBP, EURO, AUD and CAD deposits w.e.f. 1st December 2006. The
rate of interest on USD deposits has been revised to 5.24% for maturity of 1
year to less than 2 years (1st maturity), 5.00 % for 2 years to less than 3
years (2nd maturity), 4.91 % for 3 years to less 4 years (3rd maturity), 4.89%
for 4 years to less than 5 years (4th maturity) and 4.90 % for 5 years only (5th
maturity). The rate of interest on GBP deposits has been revised to 5.43% for
1st maturity, 5.36% for 2nd maturity, 5.32% for 3rd maturity, 5.28% for 4th and
5.22% for 5th maturity. The rate of interest on EURO deposits has been revised
to 3.86% for 1st maturity, 3.91% for 2nd maturity, 3.89% for 3rd maturity, 3.88%
for 4th maturity and 3.88% for the 5th maturity. The rate of interest on CAD
(Canadian Dollars) deposits has been revised to 4.18% for 1st maturity, 4.07%
for 2nd maturity, 4.06% for 3rd maturity, 4.07% for 4th maturity and 4.09% for
5th maturity.The rate of interest on AUD (Australian Dollars) deposits has been
revised to 6.54% for 1st maturity, 6.39% for 2nd maturity, 6.34% for 3rd
maturity, and 6.35% for 4th maturity & 6.31% for 5th maturity.
The applicable rate of interest on NRE Term deposits for December 2006 is
6.24% for maturities of 1 year to less than 2 years, 6.00% for maturities of 2
year to less than 3 years and 5.91% for maturities of 3 years to 5 years.
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