ING Vysya Bank hikes interest rates on select maturities

ING Vysya Bank revised its interest rates upward by 0.50 to 1.25 per cent on select tenures.

The change comes into effect from today,a release from the private bank said.

For deposits with a maturity slab of 92-182 days,the rate has been revised to 5.25 per cent from 4.75 per cent.

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For the 184-364 days maturity slab,the new rate is 5.75 per cent as against the earlier 5 per cent,it said.

For 366 days to less than two years,the rate has been increased to 6.50 per cent from 5.25 per cent,while for 730 days to 10 years,the new rate is 6.75 per cent against the earlier 5.75 per cent.

An additional 0.25 per cent will be paid in the corresponding buckets to senior citizens,the release said.

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