LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » Companies News

PNB hikes interest on term deposits by up to 1.25%

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
PNB hikes interest on term deposits by up to 1.25%
In the maturity bucket of 91 to 179 days, the rate is up from 6 to 6.25 per cent. Image Source: PNB website
Written By: PTI
Updated: Sun, Dec 31, 2017
09:16 am
PTI
RELATED NEWS
PSU Bank Stocks - SBI, PNB, BoB and Canara Bank are stocks to watch now; expert reveals what to expect PSU Bank Stocks - SBI, PNB, BoB and Canara Bank are stocks to watch now; expert reveals what to expect
Changes from April 2021: Important alert for bank account holders of these 7 banks! Changes from April 2021: Important alert for bank account holders of these 7 banks!
LPG cylinder price, petrol, diesel prices to this SBI norm - 5 rules that changed from today - March 1, 2021 LPG cylinder price, petrol, diesel prices to this SBI norm - 5 rules that changed from today - March 1, 2021
PNB Peon Vacancy 2021: Recruitment process begins; Up to Rs 28,145 salary, check other details at pnbindia.in PNB Peon Vacancy 2021: Recruitment process begins; Up to Rs 28,145 salary, check other details at pnbindia.in
Not SBI, these banks are offering cheapest personal loan - Union Bank, PNB, Central Bank of India and more Not SBI, these banks are offering cheapest personal loan - Union Bank, PNB, Central Bank of India and more

Public sector Punjab National Bank today announced raising interest rates by up to 1.25 per cent on domestic term deposits of up to Rs 10 crore for different tenures, effective January 1, 2018.

For domestic retail term deposits of less than Rs 1 crore, the rate has been increased by 1.25 per cent to 5.25 per cent from the current 4 per cent in the maturity tenure of 7 to 29 days.

Similarly, in the maturity bucket of 30 to 45 days, rate has been raised from 4.50 per cent to 5.25 per cent. For the tenure of 46 to 90 days, the interest would be up from 5.50 per cent to 6.25 per cent.

In the maturity bucket of 91 to 179 days, the rate is up from 6 to 6.25 per cent.

For domestic bulk term deposits of Rs 1 crore to Rs 10 crore, the bank has increased the rate from 4 per cent to 4.8 per cent in the maturity bucket of 7 to 45 days.

Similarly, for 46 to 179 days, the rate is increased from 4 per cent to 4.90 per cent. In the maturity bucket of 180 days to less than one year, the rate went up from 4.25 per cent to 5 per cent.

For 1-year term, PNB has increased the rate from 5 per cent to 5.7 per cent on bulk term deposits. For the maturity term of more than 1 year to 3 years, the rate would be up from 5 per cent to 5.5 per cent.

In the maturity buckets of 3 years to 10 years, the rate has been increased from 5 per cent to 5.25 per cent from Monday. 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
PNBInterest RatesPunjab National Bankdomestic term depositsBanking & financial service
RELATED NEWS
PSU Bank Stocks - SBI, PNB, BoB and Canara Bank are stocks to watch now; expert reveals what to expect PSU Bank Stocks - SBI, PNB, BoB and Canara Bank are stocks to watch now; expert reveals what to expect
Changes from April 2021: Important alert for bank account holders of these 7 banks! Changes from April 2021: Important alert for bank account holders of these 7 banks!
LPG cylinder price, petrol, diesel prices to this SBI norm - 5 rules that changed from today - March 1, 2021 LPG cylinder price, petrol, diesel prices to this SBI norm - 5 rules that changed from today - March 1, 2021
PNB Peon Vacancy 2021: Recruitment process begins; Up to Rs 28,145 salary, check other details at pnbindia.in PNB Peon Vacancy 2021: Recruitment process begins; Up to Rs 28,145 salary, check other details at pnbindia.in
Not SBI, these banks are offering cheapest personal loan - Union Bank, PNB, Central Bank of India and more Not SBI, these banks are offering cheapest personal loan - Union Bank, PNB, Central Bank of India and more

LATEST NEWS

WhatsApp Pink - a new virus now threatens users accounts; find out what it is and how to stay safe

KSET 2021 Postponed: Karnataka SET exam POSTPONED for 2nd time - check details here

Shillong Colleges and Universities Closed Today 2021: Meghalaya govt imposes strict restrictions in the capital due to surge in the number of COVD-19 cases

PUBG Mobile 1.4 update: Check global version beta update APK download link for worldwide users

WhatsApp, Facebook suffer big setback in India! Know how they have been affected

Realme 8 5G India launch today: Check expected price, Live Streaming details, Specifications and more

7th Pay Commission Latest News Today: BUMPER! Earn up to Rs 1.19 lakh as per 7th cpc matrix with HRA, DA, TA in this UPSC recruitment 2021 drive

Apex Legends Mobile: Check release date, system requirements, pre-registration link, and other important details

ICMR Covid 19 vaccine data: How many people contracted virus despite Covaxin, Covishield first and 2nd dose?

West Bengal elections: Polling begins to decide fate of 306 candidates in 6th phase

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved