According to an official statement issued today, the bank will offer 4.50% for deposits maturing between 15-45 days as against the earlier rate of 4 per cent.
The bank will offer 4.75 per cent on deposits maturing between 46-179 days and 5.50% on deposits maturing from 180
"The new rates are applicable from Monday," the statement added.
Interest rates on term deposits of maturity between 1 year and less than 3 years and 3 years to less than 5 years have been increased by 50 bps to 6 per cent and 6.25 per cent, respectively.
Interest rates on deposits of maturity of 5 years and above have been increased by 25 bps to 6.50.