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State Bank of Mysore revises deposit rates

BANGALORE: State Bank of Mysore has increased the interest rates on term deposits, effective from August 28. The revised rates are: for deposits of 180 days to less than one year: 6.25 per cent (up from 6 per cent); one year and above to less than three years: 7 per cent (6.5 per cent); for three years and above and less than five years: 7.25 per cent (7 per cent) and for five years and above: 8 per cent (7.25 per cent). Senior citizens will be offered an additional 0.75 per cent on all maturities.

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