Date:28/09/2008 URL: http://www.thehindu.com/2008/09/28/stories/2008092854381300.htm

Business

SBI to offer 10.5% interest on 1000-day deposit scheme

State Bank of India on Saturday increased its deposit rates in certain maturities effective from October 1. It has introduced a 1000-day deposit scheme that offers 10.5 per cent interest. Senior citizens will receive a higher 11 per cent interest under this scheme.