Punjab National Bank (PNB), one of the leading public sector lenders in India, today announced its decision to realign the interest rates in case of single domestic and NRE term deposits. The rates revised for domestic term deposit of less than Rs 10 million and in the maturity bucket of above 3 years to 10 years from 9% to 8.75%.

For domestic term deposits of Rs 1 crore to Rs 10 crore and in the maturity bucket of 1 years to 3 years from 9% to 8.75%. For domestic term deposit of Rs 10 million to Rs 100 million and in the maturity bucket of above 3 years to 5 years from 8.75% to 8.50%.

Shares of the bank gained Rs 6.8, or 0.72%, to trade at Rs 955.70. The total volume of shares traded was 66,383 at the BSE (11.59 a.m., Wednesday).