South Indian Bank ups interest rates

Senior citizens would receive interest at 7.00 per cent,the bank release said.

Interest on deposits with a tenure of above 3 years to less than 5 years has been raised to 7.75,against 7.50 per cent. Senior citizens will receive interest at 8.25 per cent.

For one year to 3 years,the revised rate is 7.50 per cent,compared to the existing 7.50 per cent. For senior citizens it is eight per cent.

Above 5 years,the revised rate is 8 per cent,against the existing rate of 8 per cent. For senior citizens it is 8.50 per cent.