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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