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SBT revises NRE deposit rates

State Bank of Travancore has hiked the interest rates for NRE term deposits with effect from June 1. The new rate for deposits of one-two years is 2.1 per cent, for two-three years 2.90 per cent and for three-five years 3.50 per cent. The bank has also revised the interest rates on FCNR deposits in dollars and pound sterling effective May 31.

BL Research Bureau

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