CHENNAI: Indian Bank has hiked the interest rates on domestic term deposits of less than Rs. 15 lakh with maturity period of one year to less than two years by 25 basis points from 7 per cent to 7.25 per cent for general public and from 7.50 per cent to 7.75 per cent for senior citizens with effect from October 7. According to a release, for deposits with maturity of two years and above, the bank already offers 8.25 per cent for senior citizens and 7.75 per cent for general public.
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Syndicate also pays same rates; See rates of South Indian Bank in this blog also.
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See this Amp at http://amplify.com/u/c63b
