Public sector lender State Bank of Hyderabad has announced a rise in the interest rates of fixed deposits. The revised rates have come into effect from May 13, 2011.
For deposits having tenor between 7 days to 14 days, the interest has been increased to 6.5% as compared to 4% earlier.
The 15-45 days deposit would attract 6.5% interest as against 5% earlier.
Interest has been increased to 6.5% and 7% respectively for deposits of tenor 46-90 days and 91-179 days respectively.