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