Syndicate Bank increases interest rates on term deposits | State Bank of Bikaner and Jaipur also increases interest rates on term deposits up to 105 basis points

Syndicate Bank increases interest rates on term deposits | State Bank of Bikaner and Jaipur also increases interest rates on term deposits up to 105 basis points

Syndicate Bank has increased interest rates on bank deposits.  Customers can get 8.20% interest on deposits whose term is from 1 year to 2 years.  2 – 3 years term deposits would get 8.25% interest rate and 3 – 5 years term deposits would get 8.50% interest rate.  Bank has informed that senior citizens could get 0.50% extra interest rate.  State Bank of Bikaner and Jaipur also increased interest rates on some term deposits up to 105 basis points. New interest rates would come into affect from 9.12.2010.

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