SBM hikes deposit rates

State Bank of Mysore increased their interest rates on domestic term deposits by upto 125 basis points on different tenors of deposits With effect from February 14, 2010.

The revised rates for different tenors are as under:

The rate of interest is 8.00 per cent for 91 Days to 299 days, 9.25 per cent  for 300 days, 9.00 per cent for 301 days to less than 1 year, 9.25 per cent  for 1 Year to 499 days, 9.35 per cent for 500 days, etc. Senior citizens would get 50 bps more.

Liked the story?

  • 0

    Happy
  • 0

    Amused
  • 0

    Sad
  • 0

    Frustrated
  • 0

    Angry