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 PNB Revises Interest Rates on Non-Resident Deposits

New Delhi October 03, 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. October 01, 2006. The rate of interest on USD deposits has been revised to 5.30% for maturity of 1 year to less than 2 years (1st maturity), 5.09 % for 2 years to less than 3 years (2nd maturity), 5.01 % for 3 years to less 4 years (3rd maturity), 5.01% for 4 years to less than 5 years (4th maturity) and 5.04 % for 5 years only (5th maturity). The rate of interest on GBP deposits has been revised to 5.27% for 1st maturity, 5.18% for 2nd maturity, 5.13% for 3rd maturity, 5.10% for 4th and 5.06% for 5th maturity. The rate of interest on EURO deposits has been revised to 3.71% for 1st maturity, 3.78% for 2nd maturity, 3.77% for 3rd maturity, 3.78% for 4th maturity and 3.80% for the 5th maturity. The rate of interest on CAD (Canadian Dollars) deposits has been revised to 4.22% for 1st maturity, 4.13% for 2nd maturity, 4.13% for 3rd maturity, 4.15% for 4th maturity and 4.18% for 5th maturity.The rate of interest on AUD (Australian Dollars) deposits has been revised to 6.31% for 1st maturity, 6.20% for 2nd maturity, 6.16% for 3rd maturity, and 6.17% for 4th & 6.15% for 5th maturity.

The applicable rate of interest on NRE Term deposits for October 2006 is 6.30% for maturities of 1 year to less than 2 years, 6.09% for maturities of 2 year to less than 3 years and 6.01% for maturities of 3 years to 5 years.

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