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PSB hikes PLR to 12.75 pc

NEW DELHI: Punjab and Sind Bank (PSB) has hiked its prime lending rate (PLR) from the earlier 12.25 per cent to 12.75 per cent with effect from August 1.

The bank has also revised its lending rates for domestic term deposits. The interest rate for deposits of less than 15 days is 5.25 per cent; for 15-30 days 5.25 per cent; 31-45 days 6 per cent; 46-90 days 6.25 per cent; 91-179 days 7 per cent; 180 days to less than one year 7.5 per cent; one year to less than two years 8.5 per cent; two years to less than three years 9 per cent; and 10 per cent for deposits above 10 per cent. - Our Bureau