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  Business   Companies  17 Feb 2019  Indian Bank revises interest rates on term deposits

Indian Bank revises interest rates on term deposits

PTI
Published : Feb 17, 2019, 4:21 pm IST
Updated : Feb 17, 2019, 4:21 pm IST

The Indian Bank announced upward revision in interest rate on domestic term deposits by 50 bps to 90 bps for amount less than Rs one crore.

The upward revision in interest rate on domestic term deposits was for three years to less than five years, five years and above five years. (Photo: Twitter)
 The upward revision in interest rate on domestic term deposits was for three years to less than five years, five years and above five years. (Photo: Twitter)

Chennai: Public sector Bank (PSB), Indian Bank has revised interest rates on domestic term deposits with immediate effect.

"..announces upward revision in interest rate on domestic term deposits by 50 bps to 90 bps for amount less than Rs one crore across various tenors from three years to less than five years, five years and above five years," the city-based bank said in a statement here.

 

Tags: public sector bank, psb, indian bank, interest rates
Location: India, Tamil Nadu, Chennai (Madras)