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Our Bureau

Coimbatore, Jan. 18

State Bank of India has said that the special rate of interest at 8.25 per cent offered on deposits of Rs 15 lakh and above but less than Rs 1 crore for maturities of one year and above will now be applicable to all deposits irrespective of the amount with effect from January 22.

The bank has also announced 50 basis point additional interest for senior citizens for deposits of one year and above. In a notification to the NSE today, the bank said the offer will be applicable for a limited period up to March 31 The bank has been running an ad campaign about the revision of interest rate to 8.25 per cent with effect from January 8 for deposits of Rs 15 lakh and above but less than Rs 1 crore and a minimum maturity period of 1 year.

More Stories on : Interest Rates | Fixed Deposits | State Bank of India

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