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State Bank of Hyderabad (SBH) has increased interest rates on domestic term deposits by 25 basis points depending on the period of deposits.
The interest on special deposits products — SBH 1000 and SBH 500 — were also increased from the existing 8.75 per cent and 8.50 per cent to 9.25 per cent and 9.00 per cent respectively.
SBH had also increased its base rate by 25 basis points from 8.25 per cent to 8.50 per cent and the benchmark prime lending rate from 13.25 per cent to 13.50 per cent, according to a release. The revised rates come into effect from January 5.
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