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SIB offers higher interest rates for senior citizens
KOCHI:
South Indian Bank has announced new interest rates for deposits. Special rates have been announced for senior citizens. The rate for single deposit of less than Rs. 15 lakhs for 15 days to 45 days will be 4.75 per cent for the general category and 5.25 per cent for senior citizens; for 46 days to 90 days: 5 per cent and 5.50 per cent; for 91 days to 179 days: 6 per cent and 6.50 per cent; for 180 days to less than 1 year: 6.50 per cent and 7 per cent; for 1 year to less than 5 years: 7.50 per cent and 8.50 per cent; for 5 years to 10 years: 8 per cent and 9 per cent respectively, according to a press release.
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