• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Mumbai, June 27

A day after it increased its benchmark prime lending rate, State Bank of India on Friday hiked interest rates on its domestic term deposits by 50-75 basis points, with effect from June 30. The bank had hiked deposit rates in May this year by 25-50 basis points, on deposits at the longer end. With the latest hike, the interest rate on one-year deposits has increased to 9.5 per cent (8.75 per cent) and the rate on three-year deposits is 9 per cent (8.85 per cent).

— Our Bureau

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

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
KeyCorp selects Cognizant

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line