Vijaya Bank has increased the interest rates on domestic term deposits and NRE term deposits effective April 1.
A press release from the bank said that senior citizens will get an additional 0.5 per cent across categories.
Interest rate for domestic term deposits below Rs 5 crore for 180 days to less than one year will now be 8.5 per cent (8 per cent) with an annualised yield of 8.77 per cent.
Interest rate for both domestic term deposits and NRE deposits below Rs 5 crore for one year to less than two years will now be 9.6 per cent (9.25 per cent) with an annualised yield of 10.44 per cent; two years to less than three years – 9.5 per cent (9.35 per cent) with an annualised yield of 10.84 per cent; three years to less than five years – 9.3 per cent (9 per cent) with an annualised yield of 11.67 per cent; five years and above – 9.25 per cent (8.75 per cent) with an annualised yield of 14.95 per cent.