SBT's revision of rates in effect from today

 The bank has informed that the revised interest rates per annum will be four per cent for a period of over seven days up to fourteen days (for deposits of Rs 25 lakhs upto Rs 1 crore), 4.25 per cent for 15-45 days, 4.5 per cent for 46-90 days, five per cent for 91-179 days, 5.25 per cent for 180 days to less than one year (annualised rate 5.28 per cent), 5.5 per cent for one year and less than two years (annualised 5.61 per cent), 5.5 per cent (annualised rate 5.77 per cent) for 2 years and above but less than three years, 5.75 per cent for three years and above (annualised rate of return at 6.23 per cent per annum).

 The bank has said that it would pay an additional interest of 0.50 per cent to resident senior citizens for deposit of Rs 5000 and above for periods of 1 year and above.

 The revised rates are applicable to new deposits and renewal of existing deposits, according to a press release.