Following the footsteps of other banks, Lord Krishna Bank has hiked interest rates on domestic deposits by 25 to 50 basis points.
The new revised interest rates are following for deposits above Rs 15 lakh - for 15-29 days 4.50 per cent from 4.25 per cent, for 91-180 days 5.75 per cent from 5.50 per cent, for 181 days to 1 year 6.25 per cent from 5.75 per cent, for 1-3 years 6.50 per cent from 6.25 per cent and 3-years and above 6.50 per cent from 6.25 per cent, the bank said in a statement.
The bank is also offering 0.50 per cent higher rate of interest on all term-deposits of senior citizens, it said.
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