State Bank of Travancore has hiked the NRE deposit rates. The bank has brought the hike in interest rates across various maturities.
Following the revised rates the interest rate on a maturity period of one year to less than two months will be 2.54 percent, a maturity of two years to less than three years will attract an interest rate of 2.66 percent, and that for a maturity of three years to five years will fetch an interest rate of3.19 percent.
The bank as also hiked the FCNR deposit rates for deposits in dollars and Euros for various maturity periods.
The revised interest rates are effective from March 2.
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