Syndicate Bank revises interest rate on domestic deposits
Press Trust of India / Bangalore Jun 30, 2009, 13:38 IST
Syndicate Bank has revised the rate of interest on domestic deposits of less than Rs 1 crore with effect from June 24, a release said.
The rate of interest for domestic term deposits of less than Rs 1 crore for a period of 15 days and up to 45 days is 3.50 per cent, for 46 days. For up to 90 days, it is 4.50 per cent and 5.50 per cent for deposits for a period of 91-179 days, the release informed.
The interest rate for domestic term deposits for 180 days to over one year is 6.50 per cent, one year to 499 days is seven per cent, for 500 days (exact) is 7.30 per cent.
For deposits for 501 days to over three years the interest rate is 7.25 per cent, three years and above upto five years is 7.50 per cent and for above five years it is 7.60 per cent.
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