State Bank of Hyderabad will be offering a special term deposit product on April 4 and 5, 2012 to commemorate its 70th anniversary.
“We will be offering 70 basis points higher interest than the normal card rate on deposits for 70 weeks on these two days. This translates into a 10.2 per cent interest,'' Mr M. Bhagavantha Rao, Managing Director, SBH, told Business Line here.
Senior citizens would get a 50 basis points higher interest, i.e., 10.7 per cent.
The offer was part of anniversary celebrations of the bank which was established in April 1942, he added.