State Bank of Hyderabad cuts term deposit rates

State Bank of Hyderabad (SBH) has reduced the interest rate on domestic term deposits of varying maturity periods with effect from May 1, 2012.

The reduction ranges from 10 basis points to 1.60 per cent on different maturity periods for amounts up to Rs 15 lakh, above Rs 15 lakh to Rs one crore and above Rs one crore.

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