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Corporation Bank revises interest rates

By Staff
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Bangalore, May 3: Corporation Bank has increased the rate of interest offered on Domestic Term Deposits by 0.25 per cent to 0.50 per cent, with effect from May one.

The Bank, in a release here, said for term deposits of less than Rs one crore, the revised interest rate offered by the Bank was 4.50 per cent for maturity period of 15 to 45 days, 5.25 per cent for 46 to 90 days, 5.75 per cent for 91 to 179 days, 6.00 per cent for 180 days to less than one year, 6.50 per cent for one year to less than three years, seven per cent for three years to less than five years and 7.25 per cent for five years and above.

For senior citizens, deposits for tenures of 91 days and above would fetch an additional interest of 0.75 per cent over the revised rates.

UNI

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