Business   

SBT hikes interest rates

Special Correspondent

THIRUVANANTHAPURAM: State Bank of Travancore (SBT) has announced a sharp increase in the interest rates for FCNR and NRE term deposits with effect from Thursday. As per the revision, the interest rates will be 6.34 per cent per annum for term deposits for a period of one year to less than two years, 6.17 per cent for two years to less than three years and 6.11 per cent for three years and above to five years. The interest rates for FCNR deposits in dollars will be 5.34 per cent for a period of one year to less than two years, 5.17 per cent for two years to less than three years, 5.11 per cent for three years to less than five years and 5.12 per cent for five years. For deposits in pound sterling, the rates will be 5.44 per cent for a period of one year to less than two years, 5.37 per cent for two years to less than three years, 5.33 per cent for three years to less than four years, 5.27 per cent for four years to less than five years and 5.22 per cent for five years.

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

PM against use of trade curbs
Tata Tea to offer shares to staff
Norway Prince seeks deepening of trade ties
Aircel's plans to roll out national brand
CTS to invest $200 m
Rupee closes shade lower
RIL leads rally for second day
Dhanalakshmi Bank's net touches Rs. 7.02 cr.
SBT hikes interest rates
PCB serves notice on steel and allied units
Bullion rates
Exchange rates
Court restrains BSNL
Dabhol power project resumes operation
Consortium acquires stake in Tatra
UBS launches market index for emissions
Kalyani group in pact with ST Kinetics
IOB hikes FCNR, NRE term deposit rates
CUB raises NRE, FCNR deposit rates
Karur Vysya Bank increases FCNR rates
JHS Svendgaard pact with Subiksha, Spencers
Satyam named premier ESO vendor by BWG

Copyright © 2006, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu