Syndicate Bank reduce Interest rates on Domestic Term Deposits

Bangalore, July 31 (UNI) Syndicate Bank today announced a downward revision of its interest rates on Domestic Term Deposits with effect from tomorrow.

The rates were revised to 8.90 per cent for the period 400 days to 499 days from earlier 9.5 per cent. For the deposits of 500 days to less than Two years was reduced to nine per cent from 9.6 per cent, a release said here today.

The interest rates for the tenor one year to 399 days at 8.25 per cent, for 2 to 3 years at 8.50 per cent and 3 years and above at 9 per cent remains unchanged.

UNI