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.
