NEWS & ADVICE : FIXED DEPOSITS
State Bank of Travancore reviews interest rates on foreign term deposits
By Neelima Shankar
Nov 7, 2012
Print    Email    RSS   

The public sector lender, State Bank of Travancore, has revised its interest rates on all FCNR fixed deposits. The new rates have been made effective from November 3, 2012.

The new interest rates on FCNR term deposits (US Dollars) has been fixed at 2.88 percent for deposits of one year to less than two years; 2.40 percent for deposits of two years to less than three years; 3.52 percent for deposits of three years to less than 4 years; 3.68 percent for term deposits of four year to less than five years and 3.87 percent for deposits of five years.

Interest rates of fixed deposits in pound sterling for corresponding time periods are: 3.10 percent; 2.71 percent; 3.79 percent; 3.92 percent and 4.08 percent. Similarly, the rates for corresponding deposits in Euro are 2.55 percent; 2.49 percent; 3.62 percent; 3.78 percent; and 3.99 percent.      

Further, for RFC fixed deposits of six months to less than one year the interest rate will be 1 percent; for deposits of one year to less than two years the interest rate will be 2.88 percent; for deposits of two years to less than three years the interest rate will be 2.40 percent and for deposits of three years the rate will be 3.52 percent.


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

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Fixed Deposits: Safest instrument to invest
Some Quick Facts about Wealth Tax in India!
J&K Bank raises PLR
FD: Opportunity for retirees to diversify...
Manage your FD in a better way


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