Punjab National Bank FCNR Rates

Will you please give me some information about the revise interest Rates on the Foreign Currency Non-Resident of the Punjab National Bank, here I am looking for the same? Also tell me how I can apply for the Foreign Currency Non-Resident?

Hi I would like to know the rate of Interest offered by Punjab National Bank for the Foreign Currency Non-Resident (Banks) Accounts?

[Pathak]

Non-Resident Indians can open accounts under this scheme. The account should be opened by the non-resident account holder himself and not by the holder of power of attorney in India.

These deposits can be maintained in 5 designated currencies i.e. U.S. Dollar (USD), Pound Sterling (GBP) and Euro, Australian Dollar (AUD) & Canadian Dollar (CAD).

These accounts can only be maintained in the form of terms deposits for maturities of minimum 1 year to maximum 5 years.

Interest on FCNR (B) deposits is being paid on the basis of 360 days to a year. However, depositor is eligible to earn interest applicable for a period of one year if the deposit has completed a period of 365 days.

Please find the rate of interest offered by Punjab Nation Bank for FCNR attached below:




Here are some of the branches listed below which handles FCNR Acounts:

Sr No. Branch code Branch Name
1 8 AJMER PRITHVIRAJ(KACHERI)ROAD
2 14 AMBALA CANTT HARYANA
3 18 AMRITSAR HALL BAZAR,PUNJAB
4 29 AMBUR (NORTH ARCOT) TAMILNADU
5 33 AHMEDABAD SHAHIBAUG,GUJARAT
6 39 BANGA RAILWAY ROAD,PUNJAB
7 41 BANGALORE CITY,KARNATAKA
8 47 BEAWAR,DIST AJMER,RAJASTHAN
9 51 RAMVADI, BHAVNAGAR GUJARAT
10 54 BHOPAL MARWARI ROAD,MADHYA PR.
11 57 BIKANER RANI BAZAR EX.CANT,RAJ
12 59 BOMBAY NC KELKAR RD ,MAHARASHA
13 61 BOMBAY ILACO HOUSE
14 62 BOMBAY PNB HOUSE
15 63 BOMBAY,KALBADEVI ROAD