labels: allahabad bank, punjab national bank, banks & institutions
PNB, Allahabad Bank revise foreign currency deposit rates news
04 December 2006

Mumbai: Punjab National Bank (PNB) and Allahabad Bank has revised the rates of interest on foreign currency non-resident (B) deposits for US dollar, British pound, Euro and the Canadian and Australian dollar with effect from December 1.

The revised rates for US dollar stands at 5.24 per cent for one to two years and five per cent for two to less than three years. In case of the pound sterling, the revised rates range between 5.22 per cent and 5.43 per cent depending on maturities, PNB and Allahabd Bank said in separate statements.

PNB said the maturity of 3 to less than 4 years the rate has been changed to 4.91 per cent and to 4.89 per cent for 4 to less than 5 years.

The rate of interest on the US dollar deposits, for a maturity of five years, has been revised to 4.90 per cent, the bank said.

For NRE term deposits, the rate has been revised to 6.24 per cent for maturities of one year to less than two years and 6 per cent for 2 years to less than 3 years maturity. The rate for maturities of 3-5 years stands at 5.91 per cent, it added.

For euro, the rates are between 3.86 per cent and 3.91 per cent for different maturities.


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PNB, Allahabad Bank revise foreign currency deposit rates