ING Vysya Bank announces upward revision of interest rates

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ING Vysya Bank , one of India's premier private sector banks, announced upward revision of Interest Rates on different maturities of Domestic Term Deposits. The new rates are effective from Wednesday, the 08th October 2008.

 

The new rates are particularly attractive in the market for the duration of 99 - 364 days TD at 10.00% and at 11.00%p.a on 365 days TD. Senior citizens get an additional benefit of 50 basis points on term deposits placed for any maturity above 91 days.

 

The revised rates of interest for different maturities are as under:

Domestic Term Deposits (below Rs. One crore) for all categories

Period	Interest rates (%) per annum with effect from 08.10.08
7 days to 20 days	5.00
21 days to 30 days	5.50
31 days to 60 days	6.50
61 days to 90 days	7.50
91 days to 98 days	9.50
99 days to 364 days	10.00
365 days	11.00
366 days to two years	10.50
Above 2 years to ten years	10.00

 

 

 

 

 

 

 

 

 

 Differential interest rates on Domestic Term Deposits of Senior Citizens

Period	Interest rates (%) per annum with effect from 08.10.08
91 days to 98 days	10.00
99 days to 364 days	10.50
365 days	11.50
366 days to Two years	11.00
Above Two years Ten years	10.50

 

 

 

 

 

 

 

 

 

  

The bank is confident that the rates being attractive in the market will find favour from the valued depositors. 

 

Sourced From: Hanmer MS&L Communications Pvt. Ltd