Public sector Reserve Bank of India today said it has upped interest rates on its domestic term deposits by up to 1.75 per cent. The upward revision is with effect from today, the bank said in a press release issued here.  For deposits of a maturity period of 15-45 days, the rate has been increased from 3.25 per cent to 5 per cent, while for 180-269 days, it has been increased from 6.25 per cent to 8 per cent, the release said.

For a maturity of 270-364 days, the rate has been upped from 6.50 per cent to 8 per cent.

Rates for maturities of one-year to less than two-years and two-years to less than three-years have been hiked to 8.25 per cent. For three-years to less than five-years, the rate has been increased to 8.50 per cent.

The rates for maturities of five-years to less than seven-years and seven-years and above have been upped to 8.60 per cent.

For its 555-days Cent Super Plus Scheme, the revised rate of interest will be 8.55 per cent, the release said, adding the scheme is valid till December 31.

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September 2021