Public sector banking major has revised interest rates on fixed deposits for domestic and NRO term deposits. The interest rates on fixed deposits of under Rs 15 lakh for 46-90 days has been increased from 6.25 per cent to 6.50 per cent.
Similarly, the interest rate on a 91-180 day deposit has been increased to 7.3 per cent. Interest rate on a 271 to 365 day deposit has been hiked to 7.75 per cent.
On a 1 year to 3 year deposit the interest rate has been reduced from 9 per cent to 8.75 per cent. The interest rate on above 3 years to 10 years now stands reduced to 8.75 per cent against the earlier 9 per cent.