Pasargad Cuts Deposit Rates
Economy, Business And Markets

Pasargad Cuts Deposit Rates

Bank Pasargad has lowered its one-year deposit rates to 16%. The bank’s previous one-year deposit rate was 18%. According to ILNA, there has been talk of other banks such as Parsian Bank doing likewise. Some reports say it is possible that interest rates could be reduced to 16% for all banks.

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