(PNB) has cut Rate of interest On domestic and NRI savings accounts. For saving account Balance below Rs 10 lakh, interest rate reduced to 2.8 per cent per annum GNP Website.
The bank has reduced the interest rate on savings accounts above Rs 10 lakh to 2.85 percent.
The reduced rates will be effective from December 1, 2021 i.e. today.
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Existing and new customers will be affected by the revised domestic and NRI savings account rates.
Interest rates have been cut by 10 basis points (bps) for savings accounts with balances below Rs 10 lakh, and by 5 bps for those above Rs 10 lakh.
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Before the latest rate cut, PNB was offering 2.90 per cent interest rate on its savings account.
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