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Vijaya Bank cuts domestic term deposit rates

Our Bureau Bangalore | Updated on July 02, 2014

With a view to bringing down the cost of deposits, Vijaya Bank, the Bangalore-headquartered public sector bank, has reduced interest rates on its domestic term deposits.

The reduction of 5 basis points to 50 basis points is in six slabs of different maturity periods starting from 46 days to one year for deposits of ₹1 crore and above with effect from July 3, the bank said in a statement.

The Vijaya Bank scrip gained 2.57 per cent to close higher at ₹55.85 on the BSE on Wednesday.

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Published on July 02, 2014
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