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PNB revises FCNR(B) deposit rates

June 19, 2003 15:04 IST
Source:PTI

Punjab National Bank has revised the interest rate on the Foreign Currency Non-resident Bank deposits denominated in dollar, pound and euro.

As per the revised rate, effective from Friday, the interest would be 0.77 per cent on dollar deposits put for 1-2 years, 0.98 per cent for 2-3 years and 1.36 per cent for three years, a bank statement said on Thursday.

On the pound denominated deposits, the interest would be 3.27 per cent for 1-2 years, 3.19 per cent for 2-3 years and 3.29 per cent for three years, it said.

The interest rate on euro deposits would be 1.69 per cent for maturity of 1-2 years, 1.89 per cent for 2-3 years and 1.97 per cent for three years, the bank said.
Source: PTI
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