- News>
- Finance & Markets
PNB revises interest on FCNR(B) deposits
New Delhi, July 28: Punjab National Bank today revised the interest rates on Foreign Currency Non-Resident (Bank) deposits denominated in dollar, pound and Euro.
New Delhi, July 28: Punjab National Bank today revised the interest rates on Foreign Currency Non-Resident (Bank) deposits denominated in dollar, pound and Euro.
As per the revised rates, the interest rate would be 0.96 per cent for dollar denominated FCNR(B) deposits for 1-2 years, 1.56 per cent for 2-3 years and 2.18 per cent for three years, a bank release said here.
For the pound denominated deposits, the interest would be 3.17 per cent for 1-2 years, 3.4 per cent for 2-3 years and 3.62 per cent for three years, it said.
The interest on Euro FCNR(B) deposits would be 1.87 per cent for 1-2 years, 2.2 per cent for 2-3 years and 2.54 per cent for three years, PNB said.
Bureau Report