Oriental Bank of Commerce has announced a raise in the fixed deposit interest rates over selected maturity periods by 50 basis points.
The bank has hiked interest rates on selected maturities of 1 year to 499 days and 501 to 2 years from 8.50 to 9.00 percent.
Most of the other leading banks have already raised their deposit rates after RBI hiked key lending rates by 50 basis points.
The new rates will be effective from 7th March 2011.
No comments:
Post a Comment