Public sector lender Corporation Bank has announced a revision in interest rates of fixed deposits of the bank for different maturities.
For deposits less than Rs 1 crore, the interest would be 7% for tenor of 30-45 days. For deposits of tenor upto 12 months, the interest would be 9.5%.
The interest for the same tenor would be 9.30% for deposits less than Rs 15 lakh and 9.20% for deposits in the range of Rs 15 lakh to less than Rs 1 crore.
For deposits in the range of 12 months to less than 2 years, the interest now would be 9.50%. For the same tenor, senior citizens would be offered an interest of 10.10% for deposits less than Rs 1 crore.