NEWS & ADVICE : FIXED DEPOSITS
Deposit rates hiked by South Indian Bank
By Neelima Shankar
Jan 25, 2011
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Private sector lender, South Indian Bank has announced a hike in interest rates of fixed deposits.

With the rate revision, interest on deposits for tenor between 2 years to less than 3 years would be 8.75% as against 8% earlier.

Senior citizens would be offered an increment of 50 basis points on the same deposit, thereby taking the interest to 9.25%.

Interest has also been raised for deposits having tenor of 3 years and above to 5 years taking it to 8.75% for general citizens and 9.25% for senior class.


 


(Comments Posted : 2) Post Your Comments
1. Same rate i got before RBI rate hike.
Ashim Bera (Posted: Jan 26, 2011)
2. other nationalized and private sector banks are giving morethan this banks interest rate
NARASAIAH (Posted: Jan 25, 2011)
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