YES Bank increases PLR by 50 basis points
MUMBAI: YES Bank on Thursday announced increase in its prime lending rate (PLR) by 50 basis points with effect from July 1.
Simultaneously, it has increased its fixed deposit interest rates for tenors ranging from nine months one day to three years, YES Bank said in a statement. Deposits for a tenor of one year and one day up to 18 months would earn 9.75 per cent per annum now from the earlier 9.50 per cent. Senior citizens would get 10.25 per cent from the earlier 10 per cent per annum.
“The bank has been observing keen interest among customers to invest in deposit products and we believe this trend will sustain given the safety, security, liquidity and flexibility provided under the bank’s deposit programmes,” said YES Bank’s Managing Director and Chief Executive Officer, Mr Rana Kapoor. – PTI
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