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SBH Boosts NRE Depository Rates

Tulsi Deshmukh 6 June 2007

Hyderabad: State Bank of Hyderabad (SBH) has augmented interest rates on non-resident external (NRE) term deposits with effect from June 1.

According to the bank release, the interest rate has been augmented to 5.39 per cent from 5.3 per cent on deposits from one year to less than two years, on the other hand, the rates for maturities from two to less than three years has been altered to 5.32 per cent (5.06 per cent) and from three to five years 5.3 per cent (5.01 per cent).

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