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Our Bureau

Hyderabad, Aug. 2

The State Bank of Hyderabad (SBH) has announced an upward revision in interest rates on domestic term deposits. The new rates come into effect from August 1, the bank said in a press release. The bank has increased the rate on below Rs 1 crore deposits to 5.25 per cent from the existing five per cent for the 46 days to 90 days tenure and of deposits of above Rs 1 crore to 5.5 per cent (5.25 per cent). For 91 days to 120 days, the rate has been increased to 5.5 per cent (5 per cent) for below Rs 1 crore and to 5.75 per cent (5.25 per cent) for above Rs 1 crore deposits. The rate for 121 days to 179 days has been increased to 5.5 per cent (5.25 per cent) for below Rs 1 crore and to 5.75 per cent (5.5 per cent) for above Rs 1 crore.

More Stories on : Interest Rates | Fixed Deposits | Public Sector Banks

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