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Vijaya Bank to offer 9.30% on deposits

11 Oct 2012 Evaluate

Bangalore-based public sector lender Vijaya Bank will now be offering 9.30% on deposits, however as a special festival offer the minimum quantum of deposits required to avail the offer will vary from rural India to urban India. While, depositors in rural India can park Rs 10,000 to avail 9.30% offer rate, depositors from urban India will have to park at least Rs 1 lakh to earn the same interest rate.

Meanwhile, the minimum deposit requirement for those in semi urban region will sum up to Rs 25,000 and for that in urban area would come up to least Rs 50,000. The bank was earlier offering a flat rate of 9% for all customers across the board irrespective of the quantum and the region.

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