PSB revises interest rates on select term deposits

Public sector lender Punjab & Sind Bank (PSB) today said it has revised rate of interest on select domestic term deposits.

The bank has revised interest rate on domestic term deposits of less than Rs 1 crore for different maturity periods with effect from April 28, it said in a statement.

The interest on deposits for one year to two years has been reduced from 7.80 per cent to 7.55 per cent.

On deposits for more than two years to less than three years interest has been reduced from 7.50 per cent to 7.30 per cent, it added.

Scrip of Punjab & Sind Bank today closed 0.27 per cent higher at Rs 37.30 on BSE.