This Article is From Jul 02, 2014

Vijaya Bank Cuts Interest Rates on Domestic Term Deposits


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.