Mumbai, Jun 02: Dena Bank is to reduce the interest rate on domestic term deposits in maturity periods of 91 days and above by 0.25 per cent from June 5, 2003. The revised interest rate on the deposit in maturity period of 91 to 179 days would be 5.25 per cent, a bank release said here today. The new rate for deposits in 180 days to less than a year maturity bucket would be 5.50 per cent and for one year to less than three year tenure would be six per cent, it said. The deposits of maturity of three years and above would attract interest rate of 6.25 per cent.
There was no change in the interest rate for other maturity periods, it said. Bureau Report