Business Daily from THE HINDU group of publications
Tuesday, Aug 26, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Tuesday, Aug 26, 2008 ePaper | Mobile/PDA Version | Audio |
|
|
|
|
|
Money & Banking
-
Interest Rates IDBI Bank hikes deposit rates Mumbai, Aug. 25 IDBI Bank has hiked the interest rates on fixed deposits of some maturities between 25-50 basis points with immediate effect. According to a press release from the bank, the revised rate of interest on fixed deposits up to Rs 15 lakh and having maturity of one to two years is 10 per cent (9.5 per cent), two to three years is 9.5 per cent (9.25 per cent), three to five years is 9.25 per cent (9 per cent) and five to 10 years is 9.25 per cent (9 per cent). In case of deposits of Rs 15 lakh to Rs 1 crore, the interest rate on deposits having maturity of one to two yeas has been increased to 10.25 per cent (9.5 per cent), for two to three years to 9.75 per cent (9.5 per cent), three to five years to 9.5 per cent (9.25 per cent) and five to 10 years to 9.5 per cent (9 per cent). Senior citizens will get an additional 50 basis points on these rates, said a press release from the bank. - Our Bureau More Stories on : Interest Rates | Private Banks
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2008, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|
