NEWS & ADVICE : FIXED DEPOSITS
Deposit rates hiked by SBBJ
By Neelima Shankar
Dec 9, 2010
Print    Email    RSS   

Public sector lender, State Bank of Bikaner and Jaipur (SBBJ) has increased its fixed deposit rates by as much as 105 basis points. The rate hike by the lender comes as a follow up of its parent bank, State Bank of India.

The revised rates come into effect from today, December 9.

The highest interest rate offered by the bank for deposits less than Rs 15 lakhs stands at 8.8% following revision.

Deposits having maturity between 365 to 554 days will now have interest of 8% as against 7.25% earlier. Interest on 556 days to less than 2 year deposits will also be 8% from 7.25% earlier.

Deposits having tenor between 730 days-999 days will now have interest of 8.3%. Maturities between 1001 days to less than 3 years will also attract 8.3% interest.

The maximum rise has been made in deposits of 5 years and above 10 years to 8.8%.

SBI also raised its rates by 150 bps recently.


 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
How to Invest to Save?
A checklist of investment options for...
Recurring deposits: to the benefit of the...
Carnival of Indian Personal Finance Blogs...
Some Quick Facts about Wealth Tax in India!


NANGAL: CaℒL Giℛℒ In Una 09855660911 Escoℛt...
Chandigarh@CaℒL Giℛℒ In Rajpura +O9855660911...
If I invest 100000 rupees deposit for 2 year , how...

NEWS THIS WEEK
Federal Bank launched V connect for its customers Feb 12, 2015
Andhra Bank on expansion mode Feb 11, 2015
Dena Bank earned a profit of 13%. Feb 9, 2015
Banks expected to cut down the rates Feb 5, 2015
RBI kept the rates unchanged Feb 4, 2015
News Archive