DCB slashes one-year deposit rate by 0.25 per cent


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Private-sector lender, Development Credit Bank (DCB) has cut its interest rate on one-year maturity deposits by 0.25 per cent from February 10.

One-year maturity deposits will now attract an interest rate of 10.5 per cent as against 10.75 per cent earlier, a DCB press release said here.

Interest rates for FDs having tenure of 1-3 years and 3-10 years continue to be 10.25-10.5 per cent and 9-9.25 per cent respectively, the bank said

Source-Economic Times
February 2009

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