New Delhi, June 3 -- Punjab National Bank (PNB) has reduced interest rates on its education loan offering under the Vidyalaxmi Scheme by 20 bps. This initiative further strengthens the bank's commitment to enhance education accessibility.

The Vidyalaxmi Scheme is meant to offer comprehensive financial support i.e., education loan to students towards quality-driven higher education. This initiative is available to candidates who secure admission on merit to 860 identified Quality Higher Education Institutions (QHEIs) across India.

* Eligibility: It is applicable to Indian nationals which also includes NRIs, and OCIs who are pursuing their undergraduation/post-graduation degree or diploma courses in QHEIs.

* Quantum of finance: They have...