SBI hikes FD interest rates
Mumbai, Nov 28 (IBNS) : State Bank of India (SBI), the largest lender of the country, revised its fixed deposit (FD) interest rates on select maturities with effect from Wednesday, SBI said on its website, sbi.co.in.
The rate of rise in SBI FD interest rates is between 0.05-0.10 per cent or 5-10 basis points.
SBI has hiked its fixed deposit interest rates on deposits below Rs. 1 crore. The hike comes ahead of the fifth bi-monthly monetary policy review outcome on December 5.
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