SBI revises interest rates on NRE, NRO deposits

SBI revises interest rates on NRE, NRO deposits
Country's largest lender State Bank of India on Tuesday reduced interest rates on long-term deposits with effect from September 18, 2014.

The interest rate on retail deposits below Rs 1 crore for the period 180 days to 210 days has been increased from 7 per cent to 7.25 per cent, while interest rate on deposits for the duration of 1 year to less than 3 years has been reduced to 8.75 per cent from 9 per cent earlier.

Meanwhile, shares of bank were trading at Rs 2566.00 apiece, up 0.09 per cent, from previous close on BSE at 12:05 hours.

Read more about: state bank of india, nre, nro deposits
Story first published: Wednesday, September 17, 2014, 12:40 [IST]
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