Interest rates on fixed deposits and savings bank deposits have been revised by the private sector lender South Indian Bank. The bank’s official website states that the new rates are effective from July 20, 2022. Following the change, the bank now offers term deposits of less than ₹2 Cr with a maturity of 7 days to 10 years at an interest rate ranging from 2.65% to 5.85% for the general public and from 3.15% to 6.35% for seniors. While the bank currently offers a maximum annual interest rate of 4.75% on savings accounts.
This private bank revises interest rates on term deposits and savings accounts0