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SBH increases deposit rates

Our Bureau

Hyderabad, May 3

State Bank of Hyderabad has raised interest rates on Non-Resident External term deposits with effect from May 1. The interest on deposits for a period of one year to less than two years, the interest rate has been hiked to 5.30 per cent from 5.22 per cent, for two years to less than three years 5.06 per cent from 5.02 per cent and for deposits between three and five years to 5.01 per cent from 4.96 per cent, according to a release.

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