State Bank of Hyderabad (SBH) has increased interest rates on domestic deposits by 50 basis points for periods ranging from 180 days to five years and by 25 basis points for periods above five years and up to 10 years.
The bank would pay 2 per cent interest for deposits above Rs 15 lakh up to Rs one crore for period of seven days to 14 days (at present no interest rate is payable on this category of deposits), according to a release.
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