|
Central Bank of India lowers deposit rates by 25 basis
points
Our Banking
Bureau
16 January 2003
 Mumbai:
Central
Bank of India has lowered its term deposit rates by 25
basis points for select slabs with effect from 15 January
2003.
 For
deposits of tenor 91 to 179 days, the rate is now fixed
at 5.25 per cent. For 180 days to less than a year it
is 5.50 per cent. For a year and less than two
years is 5.75 per cent. For two years and less than three
years it is 6 per cent. And for over three years and above
the rate is 5.75 per cent.
The
rates for the lower slabs of the bank’s domestic
term deposits remain unchanged, the bank said. For the
benefit of senior citizens, the bank will continue the
additional interest rate of 0.50 per cent  over
and above the existing rate of interest for any of the
time deposit schemes. In the segment of floating interest
rates on domestic term deposits, the bank has again cut
25 basis points in three select slabs.
List of reports on Central
Bank of India
|
