unjab National Bank raises fixed deposits rates by up to 1.25%
For
senior citizens, the bank has reduced the additional rate of interest
rate to 0.25 per cent from existing rate of 0.50 per cent.
MUMBAI: State-owned Punjab National Bank on Friday raised interest rates on fixed deposits of select maturities by up to 1.25 per cent.
"...the Bank has decided to realign the interest rates with the prevailing market rates and accordingly the rate of interest on single domestic term deposit of less than Rs 1 crore has been revised from 7.50 per cent to 8.75 per cent for maturity period of 180 days to less than one year ," it said in a filing to the BSE.
The revised rates will be effective from March 1, 2013, it added.
"...the Bank has decided to realign the interest rates with the prevailing market rates and accordingly the rate of interest on single domestic term deposit of less than Rs 1 crore has been revised from 7.50 per cent to 8.75 per cent for maturity period of 180 days to less than one year ," it said in a filing to the BSE.
The revised rates will be effective from March 1, 2013, it added.
avanish
PGDM
No comments:
Post a Comment