SBT hikes rates on FCNR deposits
By Our Banking Bureau | 19 Mar 2002
Thiruvananthapuram: State Bank of Travancore (SBT) has raised its interest rates on foreign currency non-repatriable (FCNR) deposits in US dollars with effect from 18 March 2002.
The revised rate for deposits of one year to less than two years is 2.75 per cent, above two years to less than three years 3.5 per cent and above three years 4.25 per cent.