In an announcement on its website, India’s largest bank said, effective Wednesday, 7 - 45-day deposits will earn an annual interest rate of 5.75 percent, up from 5.25 percent earlier.
On 1-year deposits, customers will now earn 6.40 percent, as against 6.25 percent earlier, while those desposits maturing between two years and 10 years will earn 6.50 percent, compared with 6 percent earlier. Senior citizens will, accordingly, earn 7 percent on their deposits, up from 6.50 percent earlier.
