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Federal Bank revises interest rates

Staff Reporter

KOCHI: Federal Bank has revised the interest rates for resident term deposits. The revised rates are 4.5 per cent for seven to 45 days for deposits up to Rs.15 lakhs and 4.75 per cent for deposits above Rs.15 lakhs and up to Rs.100 lakhs.

The rates are 5 per cent for deposits up to Rs.15 lakhs for 46 to 90 days and 5.25 per cent for deposits above Rs.15 lakhs and up to Rs.100 lakhs. The rates have been revised for other terms also.

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