ING Vysya Bank raised its interest rates by 0.50 to 1.25 per cent

ING Vysya Bank has raised its interest rates by 0.50 to 1.25 per cent on select tenures. According to bank release the revised rates will come to effect from June 4, 2010.

The rates have been revised by 5.25 per cent from 4.75 per cent for deposits with a maturity slab of 92-182 days. It added, the revised rates for the 184-364 days maturity slab is 184-364 as against the earlier 5 per cent.

While on 366 days to less than two years, the rate has been increased to 6.50 per cent from 5.25 per cent, and for 730 days to 10 years, the new rate is 6.75 per cent against the earlier 5.75 per cent.

The release said the senior citizen will provided an additional 0.25 per cent.