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PNB revises rates on non-resident deposits

CHENNAI: Punjab National Bank has revised the interest rates on foreign currency non-resident deposits for U.S. dollar, pound, Euro and Australian and Canadian dollar effective July 1. For U.S. dollar, deposits of less than three-year maturity will carry an interest of 5.69 per cent. The interest rate will be 5.68 per cent for deposits of more than three years and less than four years. Deposits with five-year maturity will attract 5.72 per cent. Similarly, pound deposits with one-year term will attract interest of 5.01 per cent, while the five-year maturity deposits will bear 5.21 per cent.

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