State Bank of Travancore (SBT), an associate of State Bank of India, has unveiled ‘Anupama,’ a new deposit product as a Vishu-Easter festival offer to its customers. This new deposit carries an interest rate of 9.25% for 1,111 days with an annualised return of 10.52%, while the senior citizens will get 9.55% with 10.90% as annualised return. Moreover, Domestic, corporate and NRI customers are also eligible to benefit from this scheme. The minimum deposit amount will be Rs 10,000 or in multiples of Rs 1,000 thereafter.
State Bank of Travancore has reported a fall of 59.20% in its net profit at Rs 55.34 crore for the quarter ended September 30, 2013 as compared to Rs 135.63 crore for the same quarter in the previous year. However, total income of the bank increased by 16.43% at Rs 2566.09 crore for quarter under review as compared to Rs 2203.92 crore for the quarter ended September 30, 2012.
