SBH lowers term deposit rates

By Our Banking Bureau | 24 Jul 2003

Hyderabad: State Bank of Hyderabad has announced further downward revision of interest rates on domestic term deposits effective from 25 July 2003.

The new rates of interest and the existing for deposits below Rs 10 crore are: For 15-46 days, the revised rate will be 4.25 per cent per annum (4.50 per cent existing); for 46-90 days, 5 per cent (5.25 per cent); 91-179 days, 5 per cent (5.25 per cent); 180 days to less than one year, 5.25 per cent (5.50 per cent); one year to less than two years, 5.50 per cent (6 per cent); two years to less than three years, 5.75 per cent (6.25 per cent); and three years and above, 6 per cent (6.25 per cent).