Tuesday, December 11, 2007

Interest rate on term deposits will fetch upto 9.25%

State Bank of Bikaner & Jaipur decided to revise rate of interest on domestic term deposits with effect from December 10. The bank informed BSE.

According to the revision of interest rate the deposits tenure of 15-45 days will fetch five per cent, 46-90 days 5.50 per cent, 91-179 days six per cent, 180 days to one year seven per cent, one year to two years 8.50 per cent and 2-10 years 9.25 per cent respectively.

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