CHANDIGARH, Jan 20: Bank of Punjab has revised its rate of interest on domestic deposits. According to a press release, the rate of interest for deposits between 30 days and 74 days has now been fixed at 10 per cent and that for deposits between 75 days and less than one year will be 11 per cent. The rate of interest for deposits between one year and above will now be 11.5 per cent.The interest rate on NRE deposits of six months and below one year will be eight per cent, the interest for one year to two years will be 11 per cent per annum. NRE deposits will earn 11.5 per cent interest, while the rate of interest on NRNR deposits of six months to below one year will be 11 per cent and for one year to three years, the rate will be 12 per cent per annum.Max information serviceAn information service was launched by Max Page, the local paging service provider. Named Spider Information Service, it includes information about sports, finance, entertainment and national and international news. Gold and silver prices along with an update on stock markets will also be provided. Major entertainment and sports events on television, fortune forecast are a part of the services. The information includes city specific details like Shatabdi timings, events and movies, and power shutdown. Spider Information Services have been launched in City and will be launched in Ludhiana, Jalandhar and Patiala soon.
