The Hindu Business Line : SBT revises FCNR rates

THIRUVANANTHAPURAM: State Bank of Travancore (SBT) has revised interest rates for FCNR term deposits in dollar, pound sterling and euro for various periods. The new rates are effective from Monday.

The revised rate for US dollar deposits of one year to less than two years is 2.30 per cent; for two years to less than three years 2.70 per cent; and for three years 3.02 per cent, according to a statement from the bank.

The rates for pound sterling deposits of similar periods are 4.77 per cent, 4.71 per cent and 4.74 per cent. The corresponding rates for deposits in euro are 2.06 per cent, 2.33 per cent and 2.58 per cent, respectively.

The interest rates for RFC deposits have also been revised to 2.30 per cent, 2.70 per cent and 3.02 per cent for the corresponding periods as above. The interest rate for a period of six months to less than one year remains at one per cent.

More Stories on : Fixed Deposits | Interest Rates | Public Sector Banks | Kerala

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