State Bank of Travancore''s interest rates on deposits revised
By Our Banking Bureau | 19 May 2003
The revised rates for domestic deposits will be 4.25 per cent for 15 to 45 days and 5 per cent for 46 to 179 days. For deposits over 180 days, but less than a year, the rate will be 5.25 per cent.
The interest rate on domestic deposits that are for more than a year, but less than two years will be 5.75 per cent, while that for deposits for a period exceeding two years, but less than three years will be 6 per cent and that for a period over three years will be 6.25 per cent.
For non-resident deposits, the rate for a period over one year, but less than two years will be 5.75 per cent, while the interest rates for a period over two years, but less than three years will be 6 per cent. For three-year non-resident deposits the interest rate will be 6.25 per cent.
Senior citizens who deposit a minimum of Rs 5,000 for a period of one year or more will receive an extra 0.5 per cent by way of interest.
