PNB revises interest rates on FCNR

New Delhi, May 1 (UNI) State-owned Punjab National Bank has revised the rates of interest on Foreign Currency Non-Resident (FCNR) Deposits Scheme for dollar, pound, euro, Australian and Canadian dollars effective from today.

The rate of interest on dollar deposits has been revised to 4.55 per cent for maturity of one year to less than two years, 4.31 per cent for two years to less than three years, 4.26 per cent for three years to less than four years, 4.26 per cent for four years to less than five years and 4.29 per cent for five years only.

The rate of interest on euro deposits has been increased to 3.68 per cent for first maturity, 3.69 per cent for second maturity, 3.71 per cent for third maturity, 3.72 per cent for fourth maturity and 3.74 per cent for fifth maturity.

The rate of interest on Australian dollars deposits has been revised to 5.82 per cent for first maturity, 5.75 per cent for second maturity, 5.76 per cent for third maturity and 5.79 per cent for fourth maturity and 5.77 per cent for fifth maturity.

UNI