State Bank of Travancore has sharply hiked the interest rate of the recently launched ‘SBT FlexiMax’ term deposit scheme.
The per annum interest rate for single deposits of Rs 15 lakh and above for any period of 15 days to 180 days will be 9.95 per cent (existing rate 9 per cent).
The scheme will be ideal for short term liquidity of individuals, companies, firms, institutions, trusts, societies and associations.
There shall be no penalty for premature closure, if after 15 days.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.