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State Bank of Indore raises interest rates

Written by: Staff

Indore, May 11 (UNI) The State Bank of Indore has increased its interest rates on domestic term deposits.

The maximum rate of interest for a period of 5 years and above would be 7.25 per cent for a deposit upto Rs 15 lakh and 7.50 per cent for deposits above Rs 15 lakh but less than Rs 1 crore.

For senior citizens, the rate would be 8.25 per cent and 8.50 per cent respectively, a bank release said today..

The revised rates are effective from May 10, the release added.


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