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Central Bank lowers rates
Our
Banking Bureau
9 September 2003
 Mumbai:
Central Bank of India has reduced interest rates on domestic
term deposits by 25-75 basis points across maturities
with effect from 1 September.
For
deposits up to Rs 15 lakh with a maturity of 14-29 days,
the new rate is 4 per cent (4.50 per cent), for 30-45
days, the rate is 4.50 per cent (4.75 per cent), for 46-90
days — 4.50 per cent (5 per cent), for 91-179 days
— 4.75 per cent (5.25 per cent), for 180 days to
less than one year — 5 per cent (5.50 per cent),
for one year to less than two years — 5.25 per cent
(5.75 per cent),  two
years to three years — 5.50 per cent (6 per cent),
over three years to five years — 5.25 per cent (5.75
per cent) and over five years — 5 per cent (5.75
per cent).
List of reports on Central
Bank of India
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