State Bank of Travancore (SBT)
has launched ‘Navavarsha,’ a new deposit scheme offering 9.10% for a period of
one year but less than two years. This rate is applicable for all domestic term
deposits and NRO under all segments but not for NRE rupee deposit. An additional
0.30% is offered to senior citizens (9.40%) for a minimum deposit of Rs
5,000.
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