PANJIM: Central Bank of India revises the base rate and Interest rate on domestic term deposits from July 15, 2013.
Central Bank of India has revised the base rate from existing 10.25% to 10% wef July 15, 2013. In view of this revision, the rate of interest on advances linked to Base Rate will undergo change with effect from July 15, 2013.
The interest rate on domestic term deposits for the various buckets has also been revised with effect from July 15, 2013. The revised interest rates range between 6.50% to 9%. BPLR remains unchanged at 15%. All rates are in percentage per annum.
