State Bank of Hyderabad (SBH) has waived the penalty for premature closure of all fixed deposits opened or renewed on or after April 1. The waiver would be applicable if the deposit has remained with the bank for at least seven days and interest would be paid for the period of deposit at the published rate. SBH is also launching a new term deposit scheme from April 1 with a maturity period of seven days to 14 days at 5 per cent interest for single deposit of Rs 25 lakh and above, according to a release.
More Like This
Published on March 30, 2013
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.