State Bank of India's subsidiary, State Bank of Travancore (SBT) has announced revised rates of FCNR deposits with effect from April 2, 2013.

According to the revision, the new rates of FCNR deposits in US dollars are 2.73 per cent (2.75) for a period of one year to less than two years; 2.43 per cent (2.40) for two years to less than three years; 3.53 per cent (3.51) for three years to less than four years; 3.73 per cent (3.69) for four years to less than five years; and 3.95 per cent (3.92) for five years.

For deposits in pound sterling, the corresponding rates (in percentage figures) will be 2.91 (2.93); 2.63 (2.63); 3.69 (3.72); 3.80 (3.88); and 3.97 (4.08).

The corresponding rates for deposits in euro will be 2.43 (2.45); 2.52 (2.48); 3.62 (3.62); 3.76 (3.78) and 3.93 (3.96).