The bank is offering depositors a rate of interest of 7.40 per cent under the ‘sarvottam’ term deposits for a tenure of two years. For a one-year tenure, the deposit rate is 7.10 per cent. No other tenures are available for this deposit scheme.
The State Bank of India is offering up to 7.40 per cent under the ‘sarvottam’ scheme for deposits between Rs 15 lakh and Rs 2 crore. Senior citizens will earn 50 basis points extra