Syndicate Bank revises primary lending rates

Bangalore, Aug 23 (UNI) Public sector Syndicate Bank today revised the benchmark primary lending rates from 11.25 per cent to 11.50 per cent with immediate effect.

Consequently, the interest rates for domestic term deposits were also revised upwards by 0.25 per cent desposits for various terms above one year.

The new rates of interst vary between seven per cent to 7.75 per cent on deposits of varying periods and amounts, a bank release said here today.

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