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Our Bureau

Thiruvananthapuram, Aug. 26 State Bank of Travancore (SBT) has increased the interest rates for domestic term deposits and non-resident ordinary term deposits with effect from August 25.

The revised rates are 3.5 per cent for deposits of seven days to 14 days; five per cent for 15 days up to 30 days; 5.25 per cent for 31 days up to 90 days; 7.75 per cent for 91 days up to 179 days; 8.50 per cent for 180 days to less than one year for deposits below Rs. 15 lakh and 8.75 per cent for deposits above Rs. 15 lakh; 10 per cent for one year to less than two years for deposits below Rs. 15 lakh and 10.10 per cent for deposits above Rs. 15 lakh; 9.60 per cent for two years to less than three years; 9.75 per cent for three years to less than five years; and 9.25 per cent for five years and above.

Senior citizens will get 50 bps more on deposits of Rs 5,000 and above for periods of one year and more.

More Stories on : Interest Rates | Public Sector Banks

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