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Hyderabad, July 2

State Bank of Hyderabad (SBH) has launched a new term deposit scheme, SBH 400, from today to August 31, 2007. The term deposit would yield 9.5 per cent (0.5 per cent extra for senior citizens) interest per annum. Further, the bank will also conduct ‘Saving Utsav” from July 1 to July 31 offering free welcome kit, insurance cover, Internet access and transfer of funds up to Rs 50,000 per month, according to a release issued here. —

Our Bureau

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