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Punjab National Bank Increases Bulk Rates on Deposits
February 05, 2018
Public sector Punjab National Bank (PNB) has increased the interest rate on bulk deposits above Rs. 1 crores by as much as 1.35%.
This comes in at an interesting time as the State Bank of India had also increased the rates just a few days back for deposits above Rs. 10 crores.
As per the revised rates of PNB, deposits of 3 months to less than 1 year, as well as 49-179 days will attract an interest rate of 6.25% from earlier 5% and 4.9% respectively.
