SBI raises interest rate on bulk deposits up by 1.5 pc

MUMBAI, Aug 30: State Bank of India (SBI), the largest public sector lender, has announced that the interest rate for bulk deposits for the tenure of 7 days to 60 days will be 9 percent per annum, and for the tenure of 61 days to less than one year will be
8.25 percent per annum with effect from August 31, 2013.
The bank raised interest rates up by 1.5 percent on bulk deposits of over Rs one crore, the bank release said. (UNI)

Follow our WhatsApp channel