Thursday 6 April 2017

IDBI Bank cuts deposit rates for various buckets

IDBI Bank has lowered interest rates on retail term deposits by 0.5 per cent for maturity between 31 days to up to 2 years. The new rates on these deposits range from 4.50 per cent to 6.40 per cent. For senior citizens, the new rates will be ranging from 4.5 per cent to 6.90 per cent. All maturity buckets from above 2 years onwards to up to 20 years have been cut by 0.75 per cent to 6 per cent.

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