ING Vysya Bank hikes deposit rates by 25-50 bps

The rate hike effective from August 28, 2013

ING Vysya Bank today said it has increased interest rates on deposits by 25-50 basis points.

The rate hike is effective from August 28, 2013.

"We are passing on the benefit to our customers across both short-term and long-term deposits in line with recent developments in financial markets," Brett Morgan, country head of branch banking and private client group at ING Vysya Bank, said.