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SBH revises term deposit rates

SBH revises term deposit rates

Apnaloan.com Research Bureau

27 Feb 2008

State Bank of Hyderabad (SBH) has revised interest rates on some of its domestic term deposits.

The interest rate on term deposits below 15 lakh between 180 days and less than one year has been hiked to 6.25 per cent from 6.00 per cent. For deposits above 15 lakh, the rate is 7.25 per cent, up from 7.00 per cent.

Interest rate on deposits below Rs 15 lakh for one year to less than two years has been increased 25 basis points to 8.75 per cent.

The interest on deposits between three years to less than five years has been lowered to 8.75 per cent on both below and above Rs 15 lakh from 9 per cent and 9.25 per cent respectively.