Indusind Bank revises term deposit rates at 8% upto a year

New Delhi, July 31 (UNI) IndusInd Bank, a fast-growing private-sector bank today announced its revised interest rates on Domestic Term Deposits, under which the bank will charged an 8 per cent interest rate for a term of 270 days to below 1 year.

The interest will be charges on an amount below Rs 15 lakh, The rates, effective from 27 July, 2006 are -- 7 days to 14 days 4.75 per cent, 15 days to 30 days - 5.5 per cent, 31 days to 60 days - 5.5 per cent, 61 days to 90 days - 5.75 per cent, 91 days to 180 days - 6 per cent, 181 days to 269 days - 6.5 per cent, and 270 days to below 1 year 8 per cent.

For the period 1 year to below 2 years the revised rates are 7.25 per cent, 2 years to below 3 years - 7.5 per cent, 3 years to below 61 months - 7.5 per cent, 61 months and above 7.5 per cent.

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