Central Bank of India revises the Base rate and Interest rate

By 1 2 1 News Reporter

Chandigarh 15^th July:--Central Bank of India has revised the Base Rate from existing 10.25% to 10% w.e.f. 15^th July 2013.  In view of this revision, the rate of interest on advances linked to Base Rate will undergo change with effect from 15^th July 2013.

Further giving detail about the revise interest Rate,the official spokesman of the Bank said that The interest rate on domestic term deposits for the various buckets has also been revised with effect from 15^th July 2013.  The revised interest rates range between 6.50% to 9.00%.