Indian Bank has hiked its deposit rates and base rate. The deposit rates have been raised by 50 to 75 basis points on shorter maturities while base rate has been raised to 8.5%.
Bank Chairman and Managing Director TM Bhasin informed in August the bank had raised rates for deposits above two years to 7.75 percent.
According to bank release, the hike in interest rates has not been done for agricultural sector under interest subvention scheme and the Bank’s special schemes under poultry and fisheries.
It added even loans to micro industries have also been exempted partially.
Subscribe to:
Post Comments (Atom)
1 comment:
We provide distribution services of Company Fixed Deposit, NBFC Fixed Deposit, Govt. Companies Deposit, 54EC bonds of NHAI, REC, RBI Bonds, Infrastructure Bonds, Mutual Funds, Life Insurance, General Insurance.
To see the detail list and updated fixed deposits and T&C
Please visit our website or contact on below mention details
Office Address:
Lifins Financial
986/1, Senapati Bapat Road,
Opp. Ratna Hospital,
Between ATM of PNB and Vidya Sahkari Bank,
Pune 411016
Maharashtra, India.
Mobile No: 9822403407, 9371011297
Email Id: sk@lifins.in
Website: www.lifins.in
Post a Comment