Punjab & Sind Bank has informed that the company has revised interest rate on Domestic Term Deposits of less than Re 1 crore for different maturity periods with effect from April 28, 2016. The interest on deposits for 1 year to 2 years has been reduced from 7.80% to 7.55%, on deposits, for more than 2 years to less than 3 years interest has been reduced from 7.50% to 7.30%.
The above information is a part of company’s filings submitted to BSE.