The Hindu Business Line : SBH hikes rates on term deposits

The rates on NRE term deposits for one year to five years have been increased to 6 per cent (5.9 per cent). Figures in brackets pertain to the earlier rates.

The revised FCNR rates in terms of dollar are for 1-2 years 5.29 per cent (5.15 per cent); 2-3 years 5.29 per cent (5.13); 3-4 years 5.27 per cent (5.11 per cent); & 4-less than 5 years 5.3 per cent (5.11 per cent).

The revised rates in terms of British pound are for 1-2 years 4.78 per cent (4.67 per cent); 2-3 years 4.83 per cent (4.71 per cent); 3-4 years 4.87 per cent (4.73 per cent); & 4-less than 5 years 4.86 per cent (4.72 per cent).

In terms of euro, the rates are for 1-2 years 3.23 per cent (2.98 per cent); 2-3 years 3.52 per cent (3.24 per cent); 3-4 years 3.63 per cent (3.33 per cent); & 4-less than 5 years 3.71 per cent (3.41 per cent).

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

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