PNB has increased interest rates on Domestic term deposits w.e.f. 01.03.2018

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PNB has increased interest rates on Domestic term deposits w.e.f. 01.03.2018  as under:-

           Domestic Retail term deposits of less than Rs. 1 crore: (Callable)

Ø  In the maturity bucket of 7 – 45 days from 5.25% to 5.70%. 

Ø  In the maturity bucket of 46 days – <1 year from 6.25% to 6.35% 

Ø  In the maturity bucket of >1 – 3 year, from 6.50% to 6.75%. 

        Domestic Bulk term deposits of Rs. 1 crore to Rs. 10 crore: (Callable)

Ø  In the maturity bucket of 7 – 45 days from 5.25% to 5.70%. 

Ø  In the maturity bucket of 46 days – <1 year from 6.25% to 6.50% 

Ø  In the maturity bucket of 1 year, from 6.50% to 6.75%. 

PNB also launched a new deposit product, PNB UTTAM Fixed Deposit Scheme (Non – Callable) i.e. without pre-mature withdrawal facility w.e.f. 01.03.2018 where additional rate of interest by 5 to 10 bps has been offered.