NEWS & ADVICE : FIXED DEPOSITS
State Bank of Travancore raised NRE deposit rates
By Neelima Shankar
Nov 29, 2011
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Public sector lender State Bank of Travancore has given a hike to interest rates of its Non Resident External (NRE) deposits.

Deposits of tenor between 1 year to less than 2 years will have interest of 3.69% and those of 2 years to less than 3 years tenor will bear interest of 3.36%.

Interest will be 3.52% for deposits of maturity between 3 years to 5 years.

FCNR deposits in USD will have interest of 2.19% for 1 year to less than 2 years tenor. For 2 years to less than 3 years tenor, the interest would be 1.86%, 2.02% for tenor of 3 years to less than 4 years.

For deposit of tenor between 4 years to less than 5 years, interest would be 2.30% and 2.62% for tenor of 5 years.


 


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