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PNB Revises Interest Rates on Non –Resident Deposits
New Delhi, February 04, 2008
Punjab National Bank has revised the rates of interest on
FCNR (B) Deposits Scheme for USD, GBP, EURO, CAD and AUD
deposits w.e.f. 1st February, 2008. The rate of interest on
USD deposits has been revised to 2.10 % for maturity of 1 year
to less than 2 years (1st maturity), 2.09 % for 2 years to
less than 3 years (2nd maturity), 2.33% for 3 years to less 4
years (3rd maturity), 2.57 % for 4 years to less than 5 years
(4th maturity) and 2.78 % for 5 years only (5th maturity). The
rate of interest on GBP deposits has been revised to 4.61 %
for 1st maturity, 4.23% for 2nd maturity, 4.21% for 3rd
maturity, 4.24% for 4th maturity and 4.24% for 5th maturity.
The rate of interest on EURO deposits has been revised to
3.57 % for 1st maturity, 3.22% for 2nd maturity, 3.22 % for
3rd maturity, 3.27% for 4th maturity and 3.33% for the 5th
maturity. The rate of interest on CAD (Canadian Dollars)
deposits has been revised to 3.05% for 1st maturity, 2.84% for
2nd maturity, 3.02% for 3rd maturity, 3.16% for 4th maturity
and 3.27% for 5th maturity. The rate of interest on AUD
(Australian Dollars) deposits has been revised to 6.93 % for
1st maturity, 6.63% for 2nd maturity, 6.62% for 3rd maturity,
and 6.63% for 4th maturity & 6.57 % for 5th maturity.
(% per annum)
|
CURRENCY |
|
2 yrs< 3 yrs
|
3 yrs< 4 yrs
|
4 yrs< 5 yrs
|
5 Yrs. only
|
|
|
Rev.**
|
Exis*
|
Rev.**
|
Exis*
|
Rev.**
|
Exis*
|
Rev.**
|
Exis*
|
Rev.**
|
Exis*
|
|
|
2.10 |
3.47 |
2.09 |
3.10 |
2.33 |
3.20 |
2.57 |
3.34 |
2.78 |
3.47 |
|
GBP |
4.61 |
4.99 |
4.23 |
4.52 |
4.21 |
4.42 |
4.24 |
4.41 |
4.24 |
4.39 |
|
EUR |
3.57 |
4.00 |
3.22 |
3.79 |
3.22 |
3.78 |
3.27 |
3.79 |
3.33 |
3.82 |
|
|
3.05 |
3.80 |
2.84 |
3.49 |
3.02 |
3.59 |
3.16 |
3.68 |
3.27 |
3.73 |
|
AUD |
6.93 |
6.96 |
6.63 |
6.73 |
6.62 |
6.79 |
6.63 |
6.86 |
6.57 |
6.80 |
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* Existing ** Revised
The applicable rate of interest on NRE Term deposits for
February, 2008 is 2.85% for maturities of 1 year to less than
2 years, 2.84% for maturities of 2 year to less than 3 years
and 3.08% for maturities of 3 years to 5 years.
(Percent per annum)
|
Maturity Period |
Interest rates |
|
Existing
(w.e.f 01.01.2008) |
Revised
(w.e.f. 01.02.2008) |
|
1 Year to
less than 2 Years |
4.22 |
2.85 |
|
2 Years to
less than 3 Years |
3.85 |
2.84 |
|
3 Years to 5
Years |
3.95 |
3.08 |
|
|
3.50 |
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