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Punjab National Bank lowers fixed deposit rate by up to 0.50 percent

On Wednesday, the state owned Punjab National Bank has reduced interest rate on fixed deposits on select maturities by up to 0.50 percent.

PNB said in a statement that, “Interest rate on domestic term deposits has been reduced between 0.10 per cent and 0.50 per cent on select maturities with effect from August 10”.

Last in June the bank had cut the fixed deposit rate.

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