PNB hikes interest on term deposits

PNB has announced raising interest rates by up to 1.25% on domestic term deposits of up to Rs. 10 crore for different tenures, effective from Jan 1, 2018.For 1 yr term, rate has been increased from 5% to 5.7% on bulk term deposits.In maturity buckets of 3 yrs to 10 yrs, rate has been increased from 5% to 5.25%. In maturity bucket of 91 to 179 days, rate is up from 6 to 6.25%.

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