The revised rates for deposits came into effect from May 15, 2024.
In the retail term deposits below ₹2 crore, the revised rate is 5.5 per cent, up from 4.75 per cent for the 46-179 days maturity bucket.
The new rate for 180-210 day's bracket is 6.0 per cent as against 5.75 per cent and in 211 days to less than one year is 6.25 per cent as against 6.0 per cent.
In case of bulk deposits, those of 2 crore and above, the increase was between 50 basis points across short, medium buckets.
Esta historia es de la edición May 16, 2024 de Business Standard.
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