Shangri-la Development Bank scales up interest yield to 10% for personal FD depositors; institutional depositors to receive 9.5% for their deposits

Mon, Sep 20, 2021 5:08 AM on Latest, Interest Rates,

Shangri-la Development Bank has massively scaled up the interest rate for its personal Fixed deposit product where the depositors will now get 10% interest for their deposits for three months and more.

In addition, The development bank is providing 9.5% interest for the institutional depositors opting for an FD product of a minimum of three months. The new rates will be applicable from Aswin 1, as per the media statement.