State Bankof Patiala hikes interest rates on domestic term deposits

Patiala, May 3 (UNI) The State Bank of Patiala has revised interest rates on domestic term deposits with effect from May one last.

According to a press release issued by the Bank, the interest rates have been increased by 0.25 % to 1.25 % across different maturities.

The new rates have been fixed at 5.25 % for a period of 15 to 45 days, 6.25 % for 46 to 179 days , 7.50 % for 180 days to less than one year and 9.50 % for one year to less than three years.

Senior citizens will get higher interest at 10.00 % per annum for maturity of one year to less then 3 years.

UNI