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.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.