The Hindu Business Line : SBT revises FCNR rates

THIRUVANANTHAPURAM: The State Bank of Travancore (SBT) has announced new interest rates for FCNR deposits in US dollars, pound sterling and euro for periods ranging from one to three years.

An SBT spokesman said here that the new rates would come into being from Monday (August 30).

The new rate for US dollar deposits are 2.05 per cent for one year to less than two years, 2.62 per cent for two years to less than three years, and 3.05 per cent for three years.

The rates for pound sterling deposits are 4.99 per cent, 4.98 per cent and 5.03 per cent respectively, while those for euro deposits are 2.04 per cent, 2.42 per cent and 2.74 per cent.

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