Bonaz Capital is a SEBI number INA000003197 registered company which provides intra-day tips and positional tips based on continuous analysis and insight of market.
IDBI Bank revises Deposit Rates
IDBI Bank has reduced the interest rates on Retail Term Deposit (RTD) by 50 bps for the maturity bucket ‘31 days upto 2 year’ and by 75 bps under all maturity buckets from ‘above 2 years onwards upto 20 years’. The mark-up for Senior Citizens at 50 bps over the Card rate would be available for deposits of maturity of 1 year and above. The revision is effective April 5, 2017.