Syndicate Bank revises interest rates for festive season

Bangalore, Oct 6 (UNI) As a festival gift to its customers, public sector Syndicate Bank has effected an upward revision in the interest rates for domestic term deposits of over three years and less than five years.

The bank would now offer an interest of eight per cent on both retail and bulk deposits for the said tenure. However, the existing rates would continue for deposits up to three years and above five years, a bank release here said today.

The bank was specifically targetting savings for maturities between three and five years as it could help customers in build up savings to meet expenditure in the medium term, the release said.

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