Money & Banking

SBT revises FCNR, RFC rates

Our Bureau Thiruvananthapuram | Updated on October 05, 2012

State Bank of Travancore (SBT) has announced a revision in interest rates for FCNR deposits.

The revised interest rate for FCNR deposits in US dollars will be 2.97 per cent for a period of one year to less than two years; 2.38 per cent for two years to less than three years; 3.45 per cent for three years to less than four years; 3.59 per cent for four years to less than five years; and 3.75 per cent for five years.

For deposits in pound sterling, the corresponding rates will be 3.30 per cent; 2.76 per cent; 3.81 per cent; 3.90 per cent; and 4.03 per cent. The corresponding rates for deposits in euro will be 2.65 per cent; 2.46 per cent; 3.57 per cent; 3.74 per cent; and 3.95 per cent.

Interest rate for RFC term deposits for six months to less than one year will be one per cent; one year to less than two years, 2.97 per cent; two years to less than three years, 2.38 per cent; and for three years, 3.45 per cent.

Published on October 05, 2012

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor

You May Also Like