CENTRAL BANK OF INDIA REVISES THE BASE RATE AND INTEREST RATE ON DOMESTIC TERM DEPOSITS FROM 1ST MAY 2012

Central Bank of India has revised the BASE RATE from existing 10.75% to 10.50%.  Interest spread on Base Rate for transport operator is also revised downwards to the extent of 2%.

The interest rate on domestic term deposits for the various brackets has also been revised with effect from 1^st May 2012.  The revised interest rates range between  5% to 9.10%.

BPLR remains unchanged at 15%.

ALL RATES ARE IN PERCENTAGE PER ANNUM.

SOURCE: https://www.centralbankofindia.co.in/upload/news/Press_Editors_Press_Release_Baserate.pdf