Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
01 November, 2014 04:19 IST
News
Federal Bank hikes interest rates on resident, NRI deposits
Source: IRIS | 24 Dec, 2012, 02.00PM
Comments  |  Post Comment

Federal Bank, a private sector lender, has revised interest rates on rupee deposits from resident and non-resident customers. The bank has increased rate to 9% on maturity period of one year to three years.

The extant rate of interest on deposits of above 1 year to 3 years maturity bucket is 8.75%. For resident depositors, rate of interest for deposits has been increased in the 91 days to 119 days band to 7.50% from 7%.  

Revised rates of interest for resident customers for other maturity periods are as follows:



 Tenure  Interest Rate
 7 days to 45 days  5%
 46 days to 90 days  7%
 120 days to 180 days  7% 
 181 days to less than 1 year  8.50%
 Above 3 years  8.75%


Resident senior citizens are eligible for additional interest of 0.50%. For NRI Term Deposits, for maturities from one year to three years the rate offered is 9%.

Above three years the rate is 8.75%.  The above rates are effective from December 24, 2012.

Shares of the company gained Rs 4.05, or 0.78%, to trade at Rs 521.60. The total volume of shares traded was 13,777 at the BSE (1.22 p.m., Monday).



Federal Bank Limited   (Q,N,C,F)*


Sector News
D S Kulkarni Developers standalone quarterly net up 22.93% - 31-Oct-2014 18:37
Apcotex Industries standalone quarterly net soars 2.84 times - 31-Oct-2014 18:01
National Oxygen loss widens in Jul-Sep quarter - 31-Oct-2014 17:33
Angel Broking maintains Neutral on Ambuja Cement - 31-Oct-2014 17:22
Dalmia Bharat Sugar and Industries loss narrows in Jul-Sep quarter - 31-Oct-2014 17:19
Angel Broking recommends Neutral on Union Bank - 31-Oct-2014 17:18
Angel Broking recommends Buy on M&M - 31-Oct-2014 17:14
Hatsun Agro Product standalone quarterly profit plunges 66.78% - 31-Oct-2014 17:09
NMDC standalone quarterly profit rises 18.83% - 31-Oct-2014 16:59
Igarashi Motors India standalone quarterly net falls 39.64% - 31-Oct-2014 16:55
M C S loss narrows in Jul-Sep quarter - 31-Oct-2014 16:33
more...
* Q - Quote , N - News , C - Chart , F - Financials
Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type   5fnbfr into this box
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer