Interest rates convey been hiked inwards the hit of 5 Earth points to 10 Earth points, which translates to a ascent yesteryear 0.05 per cent to 0.1 per cent.
Under the revised charge per unit of measurement structure, the deposits for 1 twelvemonth to 2 years will forthwith accrue 6.7 percent every moment against 6.65 part earlier.
For senior citizens, spell term deposits of ane twelvemonth to less than 2 years volition fetch 7.20% involvement as against 7.15% earlier, term deposits of v years together with upwardly to x years volition earn 7.35% involvement as against 7.25% before.
For investments from 2 years to three years, the involvement charge per unit of measurement has every moment good been revised to 7.3 part from before 7.15 percent.
Revision inwards Interest Rates On Retail Domestic Term Deposits (Below Rs 1 Crore) w.e.f. 30th July 2018
Revision inwards Interest Rates on Domestic Bulk Term Deposits (Rs 1 Crore to Rs 10 Crore) w.e.f. 30th July 2018