Punjab National Bank (PNB) offers the Notice Deposit Scheme, where the interest rates are linked to the Mumbai Inter Bank Offer Rate (MIBOR) NSE Overnight. The scheme is provided only at METRO cities at CBS branches.
The below-mentioned individuals can avail the benefits of the Notice Deposit Scheme:
The main features of the scheme are mentioned below:
The Treasury Division-HO that is linked to the MIBOR decides the interest rate of the scheme. However, the interest rate is provided by an upper cap. The interest rate (simple rate) is reset on a daily basis.
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