Vijaya Bank on Wednesday said it has cut interest rates on its domestic term deposits by 5 basis points to 50 basis points.
With a view to bring down cost of deposits, the lender has reduced the interest rates on its domestic term deposits, Vijaya Bank said in a statement.
The reduction is in six slabs of different maturity periods starting from 46 days to 1 year in respect of deposits of Rs 1 crore and above with effect from 3rd July 2014, the Bangalore-headquartered bank added.
