SBH cuts NRE deposits rate
State Bank of Hyderabad (SBH) has reduced the rate of interest on Non-Resident External (NRE) term deposits.Apnaloan.com Research Bureau
09 Oct 2007
State Bank of Hyderabad (SBH) has reduced the rate of interest on Non-Resident External (NRE) term deposits. The interest rates on deposits for the period of one year to less than two years was brought down to 4.9 per cent from 5.28 per cent and for deposits of two years to less than three year tenure, interest rate is cut to 4.59 per cent from 4.9 per cent.
On deposits between three to five years the interest rate is
fixed at 4.64 per cent compared to 4.91 per cent earlier. The revised rates
are applicable with effect from October 1, 2008.