The State Bank of India, the country's largest commercial bank, has raised interest rates on some domestic short term deposits from March 27, a notice on the National Stock Exchange's website www.nseindia.com said.
Rates on deposits with maturities of seven to 14 days will earn 4.25 per cent instead of four per cent while deposits of 15 days to 45 days will get 4.5 per cent instead of 4.25 per cent, the notice said.
The bank will also quote differential interest rates for wholesale deposits of Rs 10 crore (Rs 100 million) and above for maturities of less than one year, it added.
Other details were not available.