ING Vyasya increases deposit rates; may increase rates on car loans too
by 9, June, 2010 0 |
ING Vysya Bank has increased deposit rates on certain maturities with effect from 4th June 2010.
The bank has hiked rates in the range of 0.50 -1.25% which means 50 – 125 basis points.
The altered rates for deposits whose maturity is within 92 – 182 days are 5.25% as against to 4.75% previously.
ING Vysya Bank announced that for deposits whose maturity tenure is 184 – 364 days, the rates would be 5.75% as against to 5% previously.
For 366 days to below 2 years, the rate has been raised to 6.50% from 5.25%, while the rate is 6.75% for maturities of 730 days – 10 years as compared to 5.75%.
The bank said that an extra 0.25% will be paid in the related brackets to senior citizens. This may mean the bank may increase its rates on car loans too.
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