Kerala-based South Indian Bank (SIB) has revised term deposit rates with effect from July 30, 2010.
The new rates would offer 7.50 per cent interest on deposits between one year and 3 years against 7.25 per cent. Senior citizens are eligible for 8.00 per cent.
Interest rates for deposits between 46 days and 90 days is 4.25 per cent (4.75 per cent for senior citizens); 5.50 per cent (6 per cent for senior citizens) for deposits between 91 days and 179 days ; 6.25 per cent (6.75 per cent for senior citizens) for deposits between 180 days and 1 year; between 3 years and 5 years 7.50 per cent (8 per cent for senior citizens); above 5 years 8 per cent (8.50 per cent for senior citizens), an SIB press release said here today.
