SBT launches new deposit scheme

State Bank of Travancore has launched a new scheme - Aiswarya special deposit scheme. Resident, non-resident individuals and corporate are eligible to deposit under the scheme.

The interest rate will be 9.50 per cent for a period of 400 days for residents and 10 per cent for a period of 1,200 days for fresh deposits of non-residents. The offer will be available only for a limited period, a bank release said.