State Bank of Hyderabad has reduced the interest rate on domestic term deposits of varying maturity periods with effect from May 1, 2012.
The reduction ranges from 0.1 per cent to 1.6 per cent on different maturity periods for amounts up to Rs 15 lakh, above Rs 15 lakh to Rs one crore and above Rs one crore.
The existing interest rates on special deposits schemes such as SBH Double, SBH 500 and SBH 1000 remain unchanged.
The existing base rate and benchmark prime lending rate at 10.5 per cent and 15 per cent would be continued till further review, SBH said in a release.