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The Economic Times
The Economic Times
Business

PNB, Ujjivan raise FCNR deposit rates

PNB Punjab National Bank Bank of Baroda RBI Ujjivan Small Finance Bank

New Delhi, State-owned Punjab National Bank on Friday said it has increased the interest rate on FCNR (B) USD deposits, providing non-resident Indians with an opportunity to grow their overseas earnings while safeguarding them against foreign exchange fluctuations.

Under the special FCNR (B) deposit offering, customers can earn 6 per cent for term deposits with tenure 3-4 years, and 6.05 per cent for 4-5 years, PNB said in a statement.

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