As part of its Navathy celebrations, Catholic Syrian Bank (CSB) has hiked the interest rate on term deposits across various maturities. As per the revised rates, effective from October 20, the deposits for 500 days will attract an interest rate of 8.75 percent.
The deposits of senior citizens for the same maturity will earn an interest of 9 per cent. The interest rate on ordinary deposits of above 60 months has been hiked to 9 per cent. Senior citizens will be offered interest of 9.25 per cent for deposits of 60 months to and including 120 months.