<p>The Indore bank has declared to reduce interest rates on its fixed deposits with effect from 22nd November. The new rates for 1 to 2 years’ deposit will be 6.25%, 2 to 5 years 6.50%, 5 to 8 years 7.25% and for 8 to 10 years deposits the interest rates will be 7.50% only. Senior citizens of above 60 years of age will get 0.50% extra interest benefits. This information was provided by Senior Manager (PR) S. R. T Khan.</p>