कोष प्रभाग, बीकेसी मम्

ु बई - 400051
TREASURY DIVISION, C29, G-BLOCK, BANDRA-KURLA COMPLEX, MUMBAI- 400051
ALL OFFICES Date:24-01-2024
In Supersession of Treasury/WSD Circular
No. 13/2024 dated 20.01.2024

(Circular No. Treasury /WSD: 14/2024 Effective from 24.01.2024, Valid till next revision***)

Wholesale/Bulk/NRO/NRE Deposits (Above Rs.10 crore), FCNR (B) Deposits of 1 Million and above and Interbank
Deposits (Rs.2 Cr and above) should not be quoted without approval from the Treasury Division.
Branches/ CO’s will seek Unique Id from Treasury Division: HO through e-mail @ treasurydri@pnb.co.in prior
to opening above mentioned FDRs in CBS.
Rate of Interest for Single deposit of Above Rs. 10 Crore (Wholesale Bulk/NRO/NRE Deposit), FCNR(B) Deposits of 1 Million
and above and rates for Interbank Term Deposits of Rs 2 Crore & above
Interest Rates for Bulk/NRO Deposits (%) p.a. (Wholesale Interest rates Interest Rates for
Deposit) for NRE Deposits of
Above Above Above Above Above Interbank above Rs.10
Rs.10 Crore Rs.25 Crore Rs.100 Rs.500 Rs.1000 Crore to Rs.100
Maturity Period Deposits of Rs.2
to Rs.25 to Rs.100 Crore to Crore to Crore crore (%) p.a.
Crore Crore Rs.500 Rs.1000 Crore & above (Wholesale

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Crore Crore (%) p.a. Deposit)*
7-14 days 6.75 6.75 6.75 6.75 6.75 XXX XXX
15-29 days 6.75 6.75 6.75 6.75 6.75 6.85 XXX
30-45 days 7.25 7.25 7.25 7.25 7.25 7.25 XXX
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46-60 days 7.25 7.25 7.25 7.25 7.25 7.25 XXX
61-75 days 7.25 7.25 7.25 7.25 7.25 7.25 XXX
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76-90 days 7.63 7.63 7.63 7.63 7.63 7.63 XXX
91-120 days 7.63 7.63 7.63 7.63 7.63 7.63 XXX
121-150 days 7.25 7.25 7.25 7.25 7.25 7.25 XXX
-01 07

151-179 days 7.25 7.25 7.25 7.25 7.25 7.25 XXX

180-270 days 7.60 7.60 7.60 7.60 7.60 7.20 XXX
271 days to less than 1 year 7.20 7.20 7.20 7.20 7.20 7.20 XXX
7.30 7.30 7.30 7.30 7.30 7.30 7.30
27 52

1 year
>1 year upto 15 months 7.70 7.70 7.70 7.70 7.70 XXX XXX
>15 months upto 2 years 6.80 6.80 6.80 6.80 6.80 XXX XXX
>2 year upto 3 years 6.25 6.25 6.25 6.25 6.25 XXX XXX
Above 3 years XXX XXX XXX XXX XXX XXX XXX
* Interest Rates for NRE deposit above Rs.100 Crore not to be accepted
FCNR(B)** Deposits of 1 million and above (%) p.a.
Maturity Period USD GBP EUR
1 yr 5.80 5.00 1.24
more than 1yr<2 yr 5.80 5.00 1.24
2yr<3 yr 4.33 2.35 1.24
3yr<4 yr 4.03 2.45 1.24
4yr<5 yr 3.89 2.45 1.24
5 Years Only 3.89 2.45 1.24
**Please ensure compliance of FEX Cir no 53/2017 dated 22.12.2017
Interest Rates for Bulk Deposits (%) p.a. (Wholesale Deposit) (Non- Callable)* Interest rates for
Above Rs.10 Above Rs.25 Above Above Above Interbank
Crore to Crore to Rs.100 Rs.500 Rs.1000 Deposits of Rs.2
Maturity Period Rs.25 Crore Rs.100 Crore to Crore to Crore Crore & above
Crore Rs.500 Rs.1000 (%) p.a. (Non-
Crore Crore Callable)*
91-120 days 7.68 7.68 7.68 7.68 7.68 XXX
121-150 days 7.30 7.30 7.30 7.30 7.30 XXX
151-179 days 7.30 7.30 7.30 7.30 7.30 XXX
180-270 days 7.65 7.65 7.65 7.65 7.65 XXX
271 days to less than 1 year 7.25 7.25 7.25 7.25 7.25 XXX
1 year 7.35 7.35 7.35 7.35 7.35 7.35
Above 1 Year XXX XXX XXX XXX XXX XXX

Page 1 of 2
Circular No. Treasury /WSD: 14/2024 DRI RATE
“Confidential-strictly for internal circulation only”
 पंजाब नैशनल बैंक
कोष प्रभाग, प्रधान कार्ाालर्
PUNJAB NATIONAL BANK
TREASURY Division, HEAD OFFICE
*Please ensure compliance of PNB UTTAM (Non-Callable) scheme issued by BA & RM Cir. No. 32/2023 dated 31.10.2023.
# For Rs 2-10 Cr category: As per IRMD/ALM Deposit Cir. No. 21/2023 dated 30.12.2023 and RBD (R) Cir. No.15/20 dated
30.03.2020, the rates for Rs. 2 Cr to 10 Cr. are not to be loaded with additional rate of interest for Sr. Citizen & staff accounts.
The rates for above Rs.10 Crore are not to be loaded with any other type of additional rate of interest (like Sr. Citizen, army/naval
groups, staff accounts etc.) for any purpose what so ever it may be as per extant guidelines of RBD & IRMD-ALM.
Branches are also advised to enter deposits from banks under Spectrum Bank category in CBS and not under the categories of Rs.2-10
Crore & above Rs.10 Cr category.
For All other guidelines related to NRE Deposit please refer circular no FEX 49/2017 Dated 22.12.17
For All other guidelines related to NRO Deposit please refer circular no FEX 50/2017 Dated 22.12.17
For all other guidelines please strictly follow IRMD/ALM circular.
Interest rate on deposits up to Rs.10 Cr branches are requested to be guided by latest IRMD/ALM circulars.

XXX:- Deposits are not to be accepted in these tenors.

Card rates circulated by IRMD/ALM for other segments i.e. deposits of less than Rs.10 Crore shall not be applicable
for deposits of above Rs.10 Crore. In this regard please be guided by IAD Internal Circular 64A/2009 dated 23.09.09.
Deposits of above Rs.10 Crore (Wholesale/BULK/NRO/NRE), FCNR(B), Deposits of 1 Million and above and
Interbank deposits of Rs 2.00 Cr and above as per the above rates can be accepted by branches after securing
prior permission from their Circle Head, who in turn would seek prior permission from Treasury Division, HO
before accepting the deposits.

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Please note that splitting of deposits accepted under bulk segment and showing under other segment is not
permissible.

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For CBS guidelines kindly be guided by ITD/CBS/47/2010 dated 01.06.2010.
For Wholesale Core Scheme codes- FDCDR/FDCDM/FDCDQ/FDCDS.
-20 98
For Wholesale Core Scheme codes (Non- Callable)- FDCUR/FDCUQ/FDCUM.
For Wholesale DRI Scheme Codes – FDBLR/FDBLM/FDBLQ/FDBLS.
For Wholesale DRI Scheme Codes (Non- Callable) – FDBLU/FDUBQ/FDUBM.
-01 07

For Interbank Deposits Scheme Codes – FDSBM/FDSBQ/FDSBH/FDSBY/FDSBR.

For Interbank Deposits Scheme Codes (Non- Callable)– FDUBR.
For NRE DRI Deposits Scheme Codes –FNEBL/FNEQB/FNEMB
For NRO DRI Deposits Scheme Codes –FNOBL/FNOQB/FNOMB
27 52

For FCNR(B) DRI Deposits Scheme Codes –FCNMB/FCNHB

Branches are also to be guided by IAD Circular no. 13/2015 dated 24.08.2015.
For guidelines, on premature withdrawal please refer to RBDR Dep. Circular No. 15/20 dated 30.03.2020.
The above rates are applicable only for the deposits received/
renewed on the validity dates mentioned above and are not to be quoted for deposits to be received/
renewed at a future date. For guidelines on Interbank deposits please refer to the circular on interbank deposits.

Circle Offices/Branches are requested to ensure prior intimation of deposit flow into the Bank on the date of deposit and
also inform the details of deposits secured under the above rates on DAILY BASIS over email/telephone for proper
funds planning. For Advances against wholesale deposits, please refer to extant guidelines issued by IRMD (L& A) in
this regard.

Please refer Treasury Division Cir. 01/2023 dated 22.08.2023 related to Bulk Deposit guidelines for Field
Functionaries.
Please refer Treasury Division Cir. 02/2023 dated 21.11.2023 related to Penalty on Premature closure of Bulk
Deposit.
Please ensure that future validity of interest rates should not be quoted without prior permission of Treasury
Division.
*** The daily publishing of the Circular for Card Rates have been discontinued by the competent authority. The
above rates will be applicable till next revision.

Email: treasurydri@pnb.co.in
Dealer Tel No. 022-69766035/36, 0124-4126238

(Dy. General Manager)

C. Venkateswarlu

Page 2 of 2
Circular No. Treasury /WSD: 14/2024 DRI RATE
“Confidential-strictly for internal circulation only”