The Hindu Business Line : SBH lowers NRE deposit rates

State Bank of Hyderabad (SBH) has revised interest rates on Non-Resident External (NRE) term deposits with effect from April 1, 2007. According to a press release issued here, interest rate on deposits for one year to less than two years has been revised to 5.72 per cent from 5.74 per cent and on deposits between three and five years to 5.46 per cent from 5.48 per cent. The revision is applicable to all deposit schemes.

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