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Deposits below Rs 15 lakh having a maturity of one to less than two years will now carry a rate of 7.5 per cent as against eight per cent earlier, while those having a tenure of two years to less than 1,100 days will get 7.75 per cent (8.25 per cent earlier), a press release issued here said.
Also, the interest rate for 1,100 days' deposits has been revised to eight per cent (8.5 per cent) and the rate for more than 1,100 days to less than five years has been reduced to 7.75 per cent (8.25 per cent), the release said.
The rate for 15-45 days' deposits is 3.25 per cent (4.25 per cent) and that for 46-90 days 4.25 per cent (5.25), it said.
Similarly, the interest rate for 5-10 years has been cut to 8.25 per cent (8.75 per cent).
IDBI Bank also trimmed the rates for deposits in the range Rs 15 lakh-1 crore in the above maturities.
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