PNB hiked interest
rates on fixed deposits, FCNR, NRE rates
New Delhi,
Jan 15, 2007
Ashok Malhotra
NRI press
PNB, The
Punjab National Bank has hiked interest rates on fixed
deposits, starting Jan 01, 2007:
- NRI
deposits: PNB Global Rupee Deposit Scheme:
6.33 percent for NRE deposits for one year.
- PNB
Global Foreign Currency Deposit Scheme: FCNR deposits
in US dollars gets 5.33 percent, in GBP -
5.58 percent, Euro - 4.02 percent, CAD - 4.24 percent
and AUD - 6.62 percent for a year.
- Housing
loans: It offers housing loans at 9 percent
for five years repayment, 9.25 percent for 10 years
and 9.50 percent for 20 years.
- It also
offer 8% interest for deposits of Rs 15 lakh to Rs
5 crore for periods of one year to less than two years.
- Deposits
over Rs 5 crore, the bank offers higher rates
of interest depending on the size and period of
deposits
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