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SBI hikes rate

Mumbai March 31. The State Bank of India has revised upwards interest rates on short-term domestic deposits by 0.25 per cent.

The rate payable to deposits of maturity seven to 14 days has increased to 4.25 per cent (four per cent earlier) with effect from March 27, the SBI informed the National Stock Exchange today.

In case of deposits of tenor 15 to 45 days, the revised interest is 4.5 per cent (4.25 per cent), the country's largest bank said adding. — PTI

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