Revised Rates by SBT for NRE Deposits

The State Bank of Travancore has announced a revision of interest rates for NRE term deposits with effect from August 2, 2009. The new interest rates for periods from 1 year to less than 2 years will be 3.25% (present rate 3.36%), 2 years to less than 3 years 3.31% (3.28%), and 3 years and above to 5 years will be 3.92% (3.87%).

The revised rates for FCNR deposits in US dollars for a period of:
1 year to less than 2 years will be 2.50%
2 years to less than 3 years 2.56%
3 years to less than 4 years 3.17%
4 years to less than 5 years 3.64%, and 5 years 4%.

The corresponding revised rates for deposits in Pound Sterling will be 2.42, 3.17, 3.94, 4.41, and 4.69, and for deposits in Euro, the rates will be 2.35, 2.79, 3.25, 3.58, and 3.83.

The Banks Available in Kerala are listed Below