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PNB revises interest rates
KOZHIKODE: Punjab National Bank has revised the rates of interest on NRI deposits with effect from February 2. For NRE term deposits for one year to less than two years the interest would be 3.80 per cent, from two years to less than three years 4.10 per cent and for three years 4.30 per cent. For FCNR deposits the interest rates are: For dollar 3.01 per cent, 3.36 per cent and 3.55 per cent; for pound sterling 4.72 per cent, 4.66 per cent and 4.65 per cent and for euro 2.04 per cent, 2.31 per cent and 2.51 per cent for one year to less than two years, for two years to less than three years and for three years respectively.
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