Monday, October 31, 2011

IndusInd Bank revises Savings Account interest rates



Today, one more bank has increased it’s saving account interest rates.
Indusind Bank, has announced a revision in it’s Savings Account interest rates.

The rates are somewhat similar to Kotak Mahindra Bank rates i.e
Revised Rates
Savings Account balance up to Rs. 1 Lakh: 5.5% p.a.
Savings Account balance above Rs. 1 Lakh: 6% p.a.

Just wondering, what could be the response if YES Bank, had revised its Saving Account rate above 6.00%?

Indusind Bank commenced its banking operations in 1994, and  as on 30/09/2011,  IndusInd Bank has 350 branches, and 666 ATMs spread across 247 geographic locations of the country as on September 30, 2011.

It has also a presence  in  London and Dubai, with representative offices.