Punjab National Bank has informed the Exchange that "Punjab National Bank has decided to reduce interest rates on retail term deposits by 25 to 50 basis points in some selected buckets. With the current reduction, the highest interest rate on retail term deposits will be 7.00% offered in the buckets of 3 years and above". The existing and applicable revised card rates for retail term deposits shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).
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