SBT revises FCNR rates

State Bank of Travancore (SBT) has announced a revision in interest rates for FCNR deposits with effect from Monday. The new rate for deposits in US Dollars will be 1.35 per cent for a period of one year to less than two years; 1.71 per cent for two years to less than three years; 3.11 per cent for three years to less than four years; 3.43 per cent for four years to less than five years; and 3.67 per cent for five years