BUSINESS

LVB raises interest rates

CHENNAI: Lakshmi Vilas Bank has announced an upward revision of interest rates for its domestic term deposits, both short and medium term from November 21. This is applicable to fresh deposits and renewals. The revision is made for one year to less than two years’category. The rates have been revised from 10.5 per cent to 11 per cent per annum for regular citizens and from 11 per cent to 11.5 per centper annum for senior citizens, says a release.

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