`

SBI hikes deposit rate by 1 per cent for 1,000 days maturity
MUMBAI: Country's largest lender State Bank of on Monday raised fixed
deposit rate by 100 basis points to 10.50 per cent for 1,000 days maturity.

Deposit rates in between 2-3 year maturity has been revised to 12.50 per
cent from 9.5 per cent, SBI said in a regulatory filing to the Bombay Stock
Exchange.

For the same maturity senior citizens would get 0.5 per cent additional
interest, it said.

Rate for other maturities have been kept unchanged at the previous level.

Shares of SBI were trading at Rs 1,392.75, down 2.89 per cent in early
morning trade on the BSE.


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