SBI revises interest rates on term deposits

Mumbai: January 3, 2008 – Country’s largest lender State Bank of India has revised interest rates from Friday on domestic term deposits and reset the maturity period. Deposit of 46 to 270 days earning an interest of 5.25 per cent has now been reset into deposit of 46 to 90 days earning interest of 5.25 per cent.

The deposits of 91 to 180 days will earn a high interest rate of 7 per cent and 181 days to less than one year will earn 7.5 per cent, a SBI release said.

Deposits of one year and up to 10 years duration have also been converted into buckets of one year to less than two years earning high interest of 8.75 per cent and two years to up to 10 years with interest rate of 8.5 per cent.

For senior citizens, the new deposit categories will be one year to less than two years with 9.25 per cent interest rate and two years and up to 10 years with 9 per cent interest.

Short term deposit of 15 to 45 days will continue to earn an interest of 4.75 per cent.

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Dr. Raj Baldev, Cosmo Theorist

About Dr. Raj Baldev, Cosmo Theorist

Dr. Raj Baldev, Cosmo Theorist, Ph.D., D. Litt., D Sc. (H.C), Editor-in-Chief of International Reporter, Chairman Media International Ltd., Born on 15 January 1927 in Montgomery, now in Pakistan. Internationally known, man of letters with over dozen of books and thousands of articles to his credit on various subjects including theories on the Creation of the Universe, the Black Holes, Supernovas and other functions of the Universe, Nature and Life , which he described both ways, philosophically and scientifically. He further elaborated how the entire Cosmos were formed. He holds spiritual wisdom of predicting and curing powers of the human problems, so much so, he is popularly known as Destiny Repairer, hence people call him with respect as Swamy Ji. He got the privilege of leading various Parliamentary Delegations abroad on good will missions; he also got the privilege of being invited by differnt Heads of State on state visits. He is the Founder of God Believers (GBA) who place belief in “FAITH”, Universal Modern Religion. FAITH is not a religion but a human service, an encyclopedia of creating healthy balance between Science and God. The main purpose of this mission is to defend the Identity of God from Scientists on one hand and to help fight Global Environmental Abuses, to create awareness of high risks of Excessive Nuclear Stockpiles, global service to the Human Rights and Justice on the other. He is a very simple man, he commands special respect as a holy man with high spiritualism and people address him as His Holiness. He is equally dedicated to the cause of media and journalism where he has been serving the people through his writing for over 50 years; he has also served as Member of Press Council of India. His main aim is to serve the humanity and all kinds of life on the Earth, to serve the elders, women and children, the blind, crippled, lepers and the needy, he is committed to save the Mother Earth from the abuses caused by humans and the nature through the social mission of God Believers (GBA), which also serves the World Peace. In short, he is a global social reformer. Google