Business   

PNB raises term deposit rates

NEW DELHI: Punjab National Bank on Saturday announced revised interest rates for domestic term deposits with effect from January 2, 2006. While there has been no change in the existing interest rate on deposits of less than 179 days, those of 180 days to less than a year has been raised to 5.54 per cent (5.50 per cent); for one year to less than two years to 5.88 per cent (5.75 per cent); for two years to less than three years to 6.32 per cent (6 per cent); for three years to less than five years to 6.82 per cent (6.25 per cent) and for five-ten years 7.61 per cent (6.50 per cent). For senior citizens it will be 0.5 percentage point higher on all maturities. — UNI

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

Forex reserves drop $950 m
ICICI Bank clarifies
PNB raises term deposit rates
Automotive, infrastructure sectors set to drive steel demand
Bullion rates

Copyright © 2006, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu