Financial Daily from THE HINDU group of publications
Monday, Dec 26, 2005
Financial Daily from THE HINDU group of publications Monday, Dec 26, 2005 |
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Money & Banking
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Interest Rates Union Bank hikes term deposit rates Our Bureau
MUMBAI: Union Bank of India has raised the interest rates on domestic term deposits of varying maturities with effect from December 16 For deposits of 15 days and above, the rate has been increased by 25-75 basis points. For one year to less than five years, in respect of deposits of Rs 15 lakh and above, the rates have been increased by 75 basis points to 6.5 per cent.
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