PNB revises interest rate on non-resident deposits

New Delhi, Aug 2 (UNI) Country's second largest bank Punjab National Bank (PNB) today revised the rates of interest on on NRI deposits.

The revised rates comes into effect from August 1, 2007.

The rate of interest on dollar deposits has been revised to 4.50 per cent for maturity of one year to less than two years (1st maturity), 4.42 per cent for two years to less than three years (2nd maturity), 4.46 per cent for three years to less four years (3rd maturity), 4.54 per cent for four years to less than five years (4th maturity) and 4.61 per cent for five years only (5th maturity).

The rate of interest on GBP deposits has been revised to 5.54 per cent for 1st maturity, 5.46 per cent for 2nd maturity, 5.45 per cent for 3rd maturity, 5.42 per cent for 4th and 5.37 per cent for 5th maturity.

The rate of interest on Euro deposits has been revised to 3.79 per cent for 1st maturity, 3.90 per cent for 2nd maturity, 3.92 per cent for 3rd maturity, 3.93 per cent for 4th maturity and 3.94 per cent for the 5th maturity.

UNI