• 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

Our Bureau

Thiruvananthapuram, Aug. 5 State Bank of Travancore (SBT) has raised the interest rate for domestic term deposits and non-resident ordinary term deposits for six months to less than one year from eight per cent to 8.5 per cent with effect from August 4. The bank had already increased the interest rate for deposits of one year to less than two years to 9.75 per cent with effect from August 1.

According to a release from SBT, resident senior citizens will get 0.50 percentage point additional interest on deposits of Rs. 5,000 and above for periods of one year and above.

The bank has also increased the Benchmark Prime Lending Rate (BPLR) from 13.5 per cent to 14 per cent with effect from August 4. Consequently, interest rates on all advances linked to BPLR would stand revised from August 4, , the release added.

More Stories on : Interest Rates | Public Sector Banks

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

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