Date:09/08/2008 URL: http://www.thehindu.com/2008/08/09/stories/2008080959110400.htm

Karnataka - Bangalore

Interest rate revised

BANGALORE: Tamilnad Mercantile Bank has revised its domestic one-year term deposit interest rates by 25 basis points with effect from August 8. It has increased from 9.75 per cent to 10 per cent, and for senior citizens from 10 per cent to 10.25 per cent, according to a release.