NEWS & ADVICE : FIXED DEPOSITS
SBI revised its deposit rates
By Neelima Shankar
Feb 17, 2014
Print    Email    RSS   

Largest lending bank of the country State bank of India revised its deposit rates. The bank has lowered its retail deposit rates by 0.50%. The new rates are effective from 18th February, 2014. Bank has made amendments in rates like deposits for the tenure of 2 to 5 years have been reduced by 0.25% and deposits for tenure greater than 5 years are reduced by 0.50%. Present bank rates for the time period of three to five years is 8.75% and for 5 years and above it is 8.50% per annum.

Whereas for the huge deposits of greater than 1 crore bank lowered rate by 0.75%. Last week united bank of India, Canara Bank also revised their rates on fixed deposits. Banks are making changes in their rates after the apex bank has revised the rates. Customers may face increase in EMIs and push up in borrowings for the corporate.


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

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Investment options to Save Tax under...
Infrastructure bonds: another tax saving...
Gold ETFs or Gold Funds: Which One Should...
Carnival of Indian Personal Finance Blogs #3
FDs or Equity? Which suits you best?


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