The interest rates for deposits (in US dollar terms) of one year and above but less than two years will be 2.55 percent from the existing 2.57 percent, the Chennai-based bank said in a statement issued on Sunday.

For deposits of two years and above but less than three years, the rates remain unchanged at 2.47 percent, it said.

Interest rates on term deposits of three years and above but less than four years have been marginally reduced to 3.82 percent from the current 3.83 percent.

For deposits of four years and above but less than five years, interest rates have been revised to 4.23 percent from the existing 4.24 percent, it said.

For deposits of up to five years, the interest rates remain unchanged at 4.62 percent, statement added.


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