ING Vysya Bank has raised deposit rates on selected maturities with effect from 4th June 2010.

The bank has raised rates in the range of 0.50 to 1.25% which refers to 50 to 125 basis points.

The revised rates for deposits having maturity within 92 to 182 days are 5.25% as compared to 4.75% earlier.

The bank declared that for deposits having maturity tenure of 184 to 364 days, the rates would be 5.75% as compared to 5% earlier.

For 366 days to less than two years, the rate has been increased to 6.50 per cent from 5.25 per cent, whereas the rate is 6.75% for maturities of 730 days to 10 years as against 5.75%.

The bank said that an additional 0.25 per cent will be paid in the corresponding buckets to senior citizens.