This Article is From Jul 02, 2014

Vijaya Bank Cuts Interest Rates on Domestic Term Deposits

Bangalore:

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.
 

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