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SBI New Interest Rates July 2011


Mumbai, 8 July 2011: State Bank of India, the country's leading bank has raised the rate of interest for lending and deposits. The revised interest rates will be applicable from July 11 onwards.

The new interest rates is as follows
7 days to 90 days 7 per cent
91 days to 179 days 7.25 per cent
180 days to 240 days 6.50 per cent
241 days to less tan one year 7.75 per cent
one year and above for all maturities 9.25 per cent.


Full interest rates are available at
http://www.statebankofindia.com/user.htm

SBI has also increased the lending rate by 25 bps or 25% more.

In the last two weeks other banks like ICICI Bank, Canara Bank, Vijaya Bank, Indian Overseas Bank, Corporation bank and Dhanlaxmi bank has raised interest rates.

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