Punjab National Bank or PNB said it had decided to realign the interest rates with the prevailing market rates.
Accordingly, the rate of interest on single domestic term deposit of less than Rs.1 crore has been revised to 8.75 percent from the 7.50 percent for maturity period of 180 days to less than one year effective March 01, 20013.
Further for the senior citizens, the additional rate of interest has been reduced to 25bps, compared to the existing rate of 50 bps.
At the BSE, Punjab National Bank shares are currently trading at Rs.800.90, up 1.65 percent from the previous close.
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