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NT Bureau
Chennai, Feb 11:

        Punjab National Bank has revised the rate of interest on FCNR (B) deposit scheme for dollar, pound, Euro, Australian dollar and Canadian dollar deposits with effect from 1 February, 2007.

        The interest on dollar deposits has revised to 5.18 per cent for maturity of one year to less than 2 years, 5.10 per cent for 2 year to less than 3 year, 5.05 per cent for 3 year to less than 5 year and 5.06 per cent for 5 years.

        And the rate for GBP deposts is 5.62 per cent for one year maturity, 5.56 per cent for two year, 5.51 per cent for 3 year, 5.47 per cent for 4 year and 5.41 per cent for five year. The rates for Euro deposits has been revised to 3.84 per cent for 1 year and 3.99 per cent for five year maturity. For Canadian dollar deposit, the rate is 4.11 per cent for 1 year and 4.18 per cent for 5 year and for Austrlian dollar deposit the rate is 6.31 per cent for one year and 6.26 per cent for five year maturity.