MUMBAI, MARCH 01, 2005
: State Bank of India has raised the interest rate
on new NRI term deposits up to 0.30 per cent across
various maturities effective on Tuesday.
The revised rate for one year but less than two years
is four per cent (3.8 per cent being the previous
rate), SBI said in a statement here.
The rate for two years but less than three years
is 4.4 per cent (4.1 per cent) and for the three years
to five years 4.6 per cent (4.3) per cent.
The country's largest commercial bank has also revised
rates for FCNRB deposits denominated in US dollar,
Euro and British Pound.
One year to less than two year FCNRB deposits in
USD would attract 3.28 per cent (3.01 per cent), those
in Euro 2.08 per cent (2.04 per cent) and British
Pound deposits 4.93 per cent (4.72 per cent) respectively,
it added.
