Bangalore: Vijaya Bank on Wednesday 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.
Zee News App: Read latest news of India and world, bollywood news, business updates, cricket scores, etc. Download the Zee news app now to keep up with daily breaking news and live news event coverage.
