Sunday, January 9, 2011

PNB launches two new deposit schemes for NRIs

KOCHI: Punjab National Bank has launched two new Deposit schemes, FCNR Premium linked Deposit scheme and NRI Rupee Flexible Deposit scheme for the benefit of NRI customers.

Under the Premier linked Deposit scheme, NRIs will get better returns by taking benefit of forward premium, a bank press release said. The scheme applies for Term Deposit accoutns with maturity period of One year and in currency viz USD, Euro, GBP, CAD and AUD only.

NRE Rupee flexible deposit scheme provides flexiblity to the NRI customers by facilitating the partila withdrawl of the principal amount in NRE FD without attracting the penalty on the remaining deposit

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