21-June-2026
Banking
 
Banks raise FCNR(B) deposit rates again
20-Jun-2026

Punjab National Bank has increased the interest rate on FCNR(B) deposits of $1 million and above to 6.60% for tenures of three to five years. For deposits of less than $1 million, the public sector bank is now offering 6.50% per annum. Earlier the bank was offering rates in the range of 6-6.10%.

News Source:- https://www.financialexpress.com/business/banking-finance/banks-raise-fcnrb-deposit-rates-again/4272106/
 
 
 

Notes:
1. Copyright and ownership of all content from IMC and other IMC sites belongs to IMC except third-party resources
2. Copyright, intellectual property right, ownership or responsibility of error of other content belong to respective sources
3. Please do not reply to this mail

For suggestions and feedback click here.

Disclaimer:
IMC is not responsible for any kind of loss arising due to the information. You are receiving this newsletter because you have subscribed to this service. To unsubscribe click here.
Head Office : IMC Bldg., IMC Marg, Churchgate, Mumbai - 400 020 India  |   Tel : 91-22-22046633  |   Fax : 91-22-22048508 / 22838281
E-Mail : imc@imcnet.org  |   Website : www.imcnet.org