Central Bank enhance interest rates on deposits

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.

UNI AP ROY 1930