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Our Bureau

Mumbai, Nov. 1

The Development Credit Bank has raised its interest rates on term-deposits below Rs 15 lakhs.

The rates on 46-87 days have been revised to 6 per cent per annum (4.75 per cent per annum) and on deposits for 88 to 177 days it has gone up to 7 per cent per annum (6 per cent). For deposits of 178 to 237 days, the rates have been revised to 8.08 per cent per annum (6.50 per cent per annum).

"This offer is expected to augment the balance sheet growth of the bank," an official statement said.

More Stories on : Fixed Deposits | Interest Rates | Private Banks

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