The State Bank of Travancore (SBT) has hiked the interest rates for domestic term deposits and non resident ordinary term deposits for various periods with effect from February 26 (Monday). | |
| Accordingly, the rate of interest on deposits of Rs 25 lakh and above will be 4.5 percent for a period of 14 days, while for 15 to 45 days it will be 5 per cent, 5.5 percent for a period of 46 to 90 days, 6 percent for 91-179 days, 8 percent for 180 days to less than a year, 8.6 percent for one to two years, 8.75 percent for 2- 3 years, 9 percent for 3"�4 years and 9.5 percent for 4-5 years. |
| |
| Senior citizens will get 0.25 per cent additional interest on deposits of Rs 5,000 and above, for periods of 1 year and more, the bank said. |
| |
|
| |
