PNB revises fixed deposit rates, hike by upto 1.25%

Seeming that Budget 2013 impacts started to put on banking policies as State-owned PNB (Punjab National Bank) today has raised its rates of interest on fixed deposits.

The rates are being increased by 1.25 percent on select maturities, reports said.

It has been said that interest rates will be effective from March 1, 2013.

As per PNB, the revised rate are the outcome of change in market rates  as well as the rate of interest on single domestic term deposit of less than Rs 1 crore.

Meanwhile, now PNB borrowers have to pay at 8.75 per cent for maturity period of 180 days to less than one year.

PNB bank March1 PNB revises fixed deposit rates, hike by upto 1.25%

There is significant point for senior citizens as source said bank has made a cut off by 0.25 percent from existing rate of 0.50 percent.


Leave a Reply


  • LG Optimus G official launch: Better than Samsung Galaxy S III? Navdeep Singh
  • Delhi Gangrape Case: Rape, murder charges framed against juvenile Ranjit Singh
  • Chidambaram-Budget 2013 Highlights: Super rich targeted, Focusing economy revival Aryan Wadhwa
  • Forget Shahrukh, Ranbir Kapoor is Salman’s new enemy Neelish Mishra
  • ‘Nautanki Saala’ shows theatre like never before: Ayushmann Neelish Mishra

Advertise With Us || Contact Us || Priyacy Policy || Disclaimer || About Us || Our Editors