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SBI hike deposit rates
Wednesday, 13 August, 2008
Following RBI's hike in repo rates, State Bank of India(SBI) has again hiked its prime lending rates(PLR)rates by 100 basis points and interests rates on fixed deposits up by 75 basis points.
The PLR rates has been hiked to 13.75 percent from 12.75 with immedite effect. The FD interest rates has been revised as follows will come into effect from 16th of August.
For 91-180 days, interests revised to 7.5% from 7%. For 181 days-less than 1 year revised to 8.5pc from 8 pc. For 1 year to less than 2 years 10pc from 9.5 pc. while 3 years to less than 5 years raised to 9.75pc from 9pc.
--MP
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