Foreign deposit rates hiked by State Bank of Travancore
By Neelima Shankar
Oct 7, 2011
Print    Email    RSS   

Public sector lender State Bank of Travancore has announced a rise in interest rates of NRI fixed deposit rates.

The revision in interest rates has been brought across NRE and FCNR deposits with effect from October 02, 2011.

For NRE deposits having tenor between one year to less than 2 years, the interest rate has been revised to 2.61%, while those having tenor of 2 years to less than 3 years will be offered 2.31% interest.

Interest rate would be 2,47% for deposits of maturity between 3 to 5 years.

In case of FCNR deposits, the interest rate would be 1.86% for deposits in US dollars having tenor of 1 year to less than 2 years. For the same currency, interest would be 1.56% for 2 years to less than 3 years maturity and 1.72% for 3 years to less than 4 years tenor.

Interest would be 1.98% for four years to less than 5 years tenor and 2.24% for 5 years tenor.

In terms of pound sterling, the corresponding interest rates would be 2.72%, 2.29%, 2.41%, 2.61%, 2.80%.


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

 Select a product:

Credit profile and its effect on loan...
FD: Opportunity for retirees to diversify...
Sweep in to Auto Sweep savings A/c
Know about corporate fixed deposits
ICICI Bank’s recurring deposit scheme

MEXING: CaℒL Giℛℒ In Hoshiarpur 09855660911...
Sakeela.CaℒL Giℛℒs In Kharar 0985566O911...
NANGAL: CaℒL Giℛℒ In Una 09855660911 Escoℛt...

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