SBI Hikes Interest Rate On Fixed Deposits By Up To 0.80 Percent

SBI hikes interest rate on fixed deposits by up to 0.80 percent


The country’s largest bank SBI (State Bank of India) on Friday increased the interest rate on fixed deposits by 0.80 percent. With this increase, interest on deposits of less than Rs 2 crore for more than 211 days but less than one year. 5.50 percent will be available, which was 4.70 percent earlier. This increase is effective from 22 October.

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