mumbai punjab national bank pnb has increased fixed deposit rate by 25 basis points on select maturities the bank said todaythe bank has realigned the rate of interest on retail term deposit with an increase of 25 basis points from september 1 on two slabs pnb informed the bombay stock exchangethe new rate for 180270 days term deposit would be 6 per cent from the existing 575 per cent while 12 years fixed deposit would be 7 per centearlier this month the bank had raised its prime lending rates by 75 basis points to 1175 per cent and deposit rates across various maturities between 2575 basis pointsat the same time it said the bank was also launching two special deposit schemes namely pnb dugna and pnb lakhpati from september 1 on special ratesbesides pnb launched festival bonanza offering home loan at 85 per cent earlier this monththe concessional rate of 85 per cent has been fixed for three years for housing loans up to rs 50 lakh as per the existing ratecard loans up to rs 30 lakh attract a lowest rate of 925 per cent with a repayment period of 5 years while loans above rs 30 lakh is available at 10 per cent for similar maturityat the same time new car loan borrower under fixed option will get a rebate of 05 per cent the festival offer is valid from august 20 to december 31 2010