Tuesday, January 25, 2011

South Indian Bank raises deposit rates

The Thrissur based South Indian Bank has raised the deposit rates across various maturities. Earlier the bank revised the deposit rates on 4th September last year.

Such a move was very much expected from the bank ,as all the other banks are consistently increasing their deposit rates in order to attract more and more customers so that their deposits could rise. Apart from this, the bank is offering an additional 0.50 interest rate to the senior citizens across all the maturities .

The new deposit rates are in effect from 24th January.

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