IDBI Bank has reduced interest rates on its retail term deposits by 25-50 basis points in different maturity buckets.
It has also realigned its maturity tenure by bifurcating the 3-year-5-days to 10-year maturity bucket, a bank release said here today.
The two new buckets now are 3-year-5-days to five years, and five years to 10 years, the release said.
The new reduced interest rates are with effect from May 4.
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