|
PNB Global Foreign Currency Deposit Scheme
(Incentive
linked FCNR(B) Scheme)
(w.e.f. 03.06.2005)
| Duration
|
USD |
GBP |
Euro |
| 1
year to less than 2 years |
3.53
(3.45) |
4.55
(4.74) |
1.93
(1.96) |
| 2
years to less than 3 years |
3.75
(3.77) |
4.47
(4.65) |
2.10
(2.18) |
| 3
years only |
3.81
(3.92) |
4.46
(4.64) |
2.29
(2.37) |
| |
|
|
|
-
These interest rates are applicable only on fresh deposits
and on renewal of deposits maturing on or after
June 3, 2005.
- Figures written in bracket represent previous interest rates.
PNB
Global Rupee Deposit Scheme
(Incentive
linked NRE Deposit Scheme)
(w.e.f. 03.06.2005)
|
Maturity
Period |
Rate of Interest
|
| 1
year to less than 2 years |
4.30 (4.20) |
| 2
year to less than 3 years |
4.50
(4.50) |
| 3
years only |
4.60 (4.70) |
-
The revised interest rates of Global Rupee term deposits will
be applicable to fresh deposits accepted on or after June
3 , 2005 and will also apply
to deposits renewed after their present maturity period.
Please note that no differential interest is payable on these
deposits irrespective of the amount of deposit.
-
Figures written in bracket represent previous interest rates
|
Savings Account
( April- June 2005)
|
3.40
|
Renewal
of Overdue PNB Global Rupee Deposits
In case of PNB
Global Rupee deposits: -
-
Where overdue period from the date of maturity till the date
of renewal (both days inclusive) does not exceed 14 days,
the rate of interest payable on the amount of deposit so renewed
shall be the appropriate rate of interest for the period of
renewal as prevailing on the date of maturity.
-
Where overdue period from date of maturity till date of renewal
(both days inclusive) exceed 14 days, branches shall allow
interest on overdue term deposit from the date of maturity
of the deposit provided: -
a.
The total amount of the overdue deposit or a part thereof
is renewed from the date of its maturity till some future
date (at least 15 days beyond the actual date of renewal)
provided the deposit remains with the bank for minimum period
of one year.
b.
The interest allowed shall be at the appropriate rate operative
on the date of maturity of such overdue deposit or the rate
as on the date of renewal of the deposit, whichever is less
and shall be payable only on the amount of the deposit so
renewed.
(NRNR deposits matured after March 31, 2002 may be renewed
under PNB Global Rupee Deposit scheme at rate of interest
applicable to PNB Global Rupee deposits.)
Resident
Foreign Currency Accounts - RFC
(w.e.f. 28.03.2003)
| Nature
of Account |
USD |
GBP |
Euro |
| Current
Account (No Min. limit) |
Nil |
Nil |
Nil |
| Savings
Fund (No Min. limit) |
0.50 |
1.50 |
0.75 |
| Term
Deposits (minimum USD 5000 or its equivalent) : |
| One
month to less than one year |
0.75 |
2.50 |
1.50 |
| One
year to three years |
Same
as FCNR(B) Deposits |
*
The above interest rates are applicable only on fresh deposits
and on renewal of deposits maturing on or after March
28, 2003.
|
