Syndicate Bank revises interest rates

Syndicate Bank revises interest rates
PTI
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First Published: Thu, Sep 04 2008. 04 19 PM IST
Updated: Thu, Sep 04 2008. 04 19 PM IST
Bangalore: Syndicate Bank has revised the interest rates upwards on domestic term deposits for a tenor of 180 days to less than two years with effect from tomorrow.
The interest on deposits for one year to 399 days has been enhanced to 10.05 per cent per annum (from 9.50%), for 400 days to 499 days to 10.10% per annum (9.60 %) and for 500 days to less than two years to 10.15% per annum (9.75%), a bank release said.
The interest on deposits from 180 days to less than one year is also increased to 8.50% per annum (6.50%).
Senior citizens are eligible for one per cent additional interest with a maximum of 10.50% per annum (10.25%), it said.
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First Published: Thu, Sep 04 2008. 04 19 PM IST