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Bangalore, Aug. 26

State Bank of Mysore has raised its interest rates for the term deposits of different tenors from 25 to 75 basis points with effect from August 28. For deposits of five years and above, the rate has been raised 75 basis points to 8 per cent. For deposits of three years to less than five years, the rate would be 7.25 per cent (7 per cent). From one to three years, the rate has been hiked to 7 per cent (6.5 per cent). The short-term deposit of 180 days to less than one year will earn 6.25 per cent (6 per cent).

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