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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