Following the bellwethers in the banking sector, private sector lender Lakshmi Vilas Bank has also revised the deposit rates across various maturities.
The deposit rate for a maturity period of 46-90 days has been increase from 4.25 percent to 6.00 percent; a deposit with maturity period of 91-180 days will now fetch an interest rate of 9.00 percent. Increments have been made across several other maturity periods also.
The hike came post a 50 basis /point hike from the Reserve Bank of India in the policy rates. Te revised deposit rates are applicable from 9th May.
No comments:
Post a Comment