SBI revises interest rates of deposits for maturities

Mumbai, Jan 06: State Bank of India (SBI) today revised interestrates on domestic term deposits of Rs 15 lakh and above but less thanRs One crore to be 8.25 percent across all maturities of one year andabove.

Announcing this, a SBI statement said this rate would be on offer for a limited period from January 08 to March 31, 2007.

Currently, the deposit rates for amounts of Rs 15 lakh to lessthan Rs One crore are spread across different maturities rangingbetween 7.75 percent for one to three years and 8.25 percent for fiveto ten years.

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