• search

Central Bank enhance interest rates on deposits

Written by: Staff

Hyderabad, Mar 29 (UNI) The Central Bank of India today made an upward revision of the interest rates on domestic term deposits for various maturity periods by 25 to 50 basis points with effect from April one.

Accordingly, the bank has revised 49-90 days deposit rate at five per cent per annum from 4.75 per cent, 91 to 179 days at 5.50 per cent from 5.25 per cent, 180 days to less than one year at 6 per cent from 5.75 per cent, one year-less than 3 years at 6.25 per cent from 6 per cent.

Three years to less than five years at 6.50 per cent from 6.25 per cent and for five years and above period, deposit would attract 6.75 per cent in place of existing 6.25 per annum, a PIB release said here.


For Daily Alerts

For Breaking News from Oneindia
Get instant news updates throughout the day.

Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more