This 93 Years Old Private Bank Modifies Fd And Savings Account Interest Rates

Following other private and public sector lender, this private sector lender based out of Thrissur, Kerala-South Indian Bank has revised FD as well as savings account interest rate.

The new rates are applicable from July 20, 2022. For domestic term deposits as also NRO accounts (deposits less than Rs. 2 crore), the bank will now fetch a rate of between 2.65-5.85% for tenures ranging from 7 days to 10 years.

Likewise, the senior citizens rate for the tenure between 5 years to 10 years shall be 6.35%.

Similarly for savings account the bank has revised the rates with effect from July 20, 2022. The rates ar e also applicable on NRO/ NRE account.

As per the bank's site, account holders at the bank, based on their end of day balance can get an interest rate in the range of 2.5-4.75% per annum.

South Indian Bank Limited provides retail and corporate banking, Para banking activities, such as debit card, third-party product distribution, in addition to Treasury and Foreign Exchange Business. It is a low priced stock quoting at just Rs. 8.05