State Bank of Travancore (SBT) has announced a reduction in interest rates for FCNR deposits with effect from August 2.
New rates:
1<2 2<3 3<4 4<5 5 (period in yrs)
USD 3.05 2.42 3.48 3.63 3.79
GBP 3.49 2.80 3.82 3.92 4.06
EUR 2.90 2.60 3.70 3.86 4.05
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