Vijaya bank hikes domestic term deposit rates

PTI Updated - March 12, 2018 at 11:33 AM.

Mr Albert Tauro, Chairman and Managing Director, Vijaya Bank

Vijaya Bank revised interest rates on domestic term deposits with effect from today.

Keeping in mind the current trends and customer expectations, some new maturity periods with attractive interest rates have been introduced, the bank said in a release.

Deposits for one year to less than two years would fetch interest rate of 9.25 per cent per annum and two years to less than three years 9.35 per cent per annum.

Interest rates for shorter maturity periods too have been enhanced, ranging from 0.50 per cent to 0.25 per cent. Senior citizens would continue to be eligible for 0.5 per cent additional interest for all categories, it said.

Published on June 7, 2011 09:56