PNB increases interest rates on Domestic term deposits w.e.f. 01.01.2018

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The Bank has increased interest rates on Domestic term deposits w.e.f. 01.01.2018 as under:-

For Domestic Retail Term Deposits of  less than Rs. 1 cr.

Ø  In the maturity bucket of 7 to 29 days, from 4.00% to 5.25%.

Ø  In the maturity bucket of 30 to 45 days, from 4.50% to 5.25%.

Ø  In the maturity bucket of 46 to 90 days, from 5.50% to 6.25%.

Ø  In the maturity bucket of 91 to 179 days, from 6.00% to 6.25%.

For Domestic Bulk Term Deposits of Rs. 1 cr. to Rs. 10 cr.

Ø  In the maturity bucket of 7 to 45 days, from 4.00% to 4.80%.

Ø  In the maturity bucket of 46 to 179 days, from 4.00% to 4.90%.

Ø  In the maturity bucket of 180 days to <1 year, from 4.25% to 5.00%.

Ø  In the maturity bucket of 1 year, from 5.00% to 5.75%.

Ø  In the maturity bucket of >1 year to 3 years, from 5.00% to 5.50%.

Ø  In the maturity buckets of >3 years to 10 years, from 5.00% to 5.25%.