Last week the State bank of Travancore has launched a new deposit scheme for its customers. The new scheme launched is named – 700 day ‘ Sapthami’ . The interest rate charged in this scheme will be 9.15% for all the customers.
For the senior citizens the scheme will offer exclusive rate of 9.45%. The minimum amount required is Rs 10,000. Further the bank has also revised the rates on deposits made for the tenure of 1 year and above up to years, the new revised rate is 8.75%.