NE

News Elementor

NE

News Elementor

What's Hot

PNB reduces RLLR by 40bps and MCLR rate by 15bps

Table of Content

No headings found

New Delhi : Punjab National Bank has announced the reduction in the External Benchmark linked product of Repo Linked Lending Rate (RLLR) by 40bps to 6.65% from 7.05%. The bank has decided to pass on the full benefit of RBIs policy rate cut.

The bank ensures that the benefits of reforms rolled out by the Central Government and RBI reach the businesses and countrymen. Given the current times where individuals and businesses alike need support to bounce back to recovery, this move by the 2nd largest public sector bank will surely serve as a cushion and provide financial armor.

Further, the bank has also reduced the MCLR rate by 15bps on Loans and Advances across all tenors. This will be benefitted to the customers in a reduction in EMI or tenure of the loan.

To safeguard the interest of Senior Citizen, PNB is offering the higher interest rate by 75bps over applicable card rate for all maturities on domestic deposit upto 2 crores. PNB also offers schemes like the Senior Citizens Savings Scheme (SCSS) that provides guaranteed returns to senior citizens through a safe investment.

Saving fund deposit rate reduced by 50 bps with a maximum of 3.25% w.e.f 01.07.2020. Bank has further reduced its term deposit rates in various maturities bucket with a maximum rate of 5.50% for deposits of specified maturities w.e.f 01.06.2020.

-Odisha Age

newodishaage

defigosolutions@gmail.com https://odishaage.com

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent News

Trending News

Editor's Picks

Crimes Should Not Be Judged Under a Gender Lens

Bhubaneswar: Our society has slowly gone to the position where a sexual harassment, candle march, justice, protest for rights, violence against women has become normal. Everyday the new portals, television channels and news papers are filled with such news. One after another, cases are proving that women are unsafe and helpless everywhere. Ever alternative day...

Bhubaneswar: A 20 year old girl, studying in F.M. College, Balasore has died after setting herself on fire in the college premises on 12 July . Her final days of life were spent in pain, desire and fire. She was silenced when cried for help. She walked into the principal’s chamber on 30 June to...

TNM Forum Set to Host Exclusive Travel Synergy Roadshow in Kolkata

Kolkata: Travel Network Meet (TNM) Global Forum, one of the fastest-growing platforms dedicated to fostering collaboration and growth within the travel industry, has announced its upcoming Travel Synergy Roadshow, to take place on July 8, 2025 at Hotel Hindusthan International (HHI), Kolkata. Designed as a dynamic convergence of travel, tourism, hospitality, education, wedding planning, and film production...

Small Steps to Achieve a Big Vision: iLEAD Revives Lifeline Hospital in Sundarbans

Kolkata:iLEAD is transforming healthcare in Sundarbans by reviving a closed hospital on Gosaba island, serving over 1 million people. This initiative combines education, healthcare, and innovation to bring hope and healing to the region. Bridging Gaps with Purpose and Passion iLEAD’s Department of Allied Health Sciences recently organized health camps, including thalassemia screening, blood donation...

NE

News Elementor

Lorem Ipsum is simply dummy text of the printing and typesetting industry.

Popular Categories

Must Read

©2024- All Right Reserved. Designed and Developed by  Blaze Themes