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BSE: 532461NSE: PNBISIN: INE160A01022

31st-Jan-2011 17:20Source: BSE

PNB - Revision of rate of interest

Punjab National Bank has informed BSE that the Bank has decided to increase the rate of interest on Domestic Term Deposit of upto less than Rs 1 cr by 25 bps to 100 bps across various maturity buckets. With this revision, the peak rate on domestic retail term deposit will now be 9.25% for maturity period of 1111 days.

Along with the above revision in deposit rates, Bank has also decided to hike the Base rate by 50 bps to 9.50% and BPLR by 50 bps to 13.00%.

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