There is a great news for the account holders of Punjab National Bank. Government Bank has taken a decision that after hearing all the account holders will be happy.
The biggest thing is that the rule has come into force with immediate effect. Actually, PNB has increased its interest rates, which have come into force with immediate effect.
Government Bank Punjab National Bank has increased interest rates on wholesale deposits. After lowering the interest rate on the mortgage loan and car loan, the bank has now given good news to its customers by increasing interest rates on wholesale deposits. In PNB, interest rates on bulk deposits have now been increased by 1.35%. Let us know that if you make a deposit of Rs.1 crore or more in the bank, then it comes in the bulk deposit, on which the bank will now give you 1.35% more interest than before.
Explain that the bank has issued a notification that if you deposit the amount of Rs.1 crore or more for 46-179 days, then the interest rate on deposits will be increased by 1.35% to 6.25%. It has been implemented immediately. Earlier, the country’s largest bank SBI also increased interest rates on wholesale deposits. SBI increased interest rates on 50 to 140 basis points on wholesale deposits.
SBI increased the interest rates by 0.5 to 1.40 percent on deposits of 10 million or more. After this new rule, SBI will get interest at a rate of 6.25 per cent now from one year to 455 days on a one-time deposit.