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The rate of increase in SBI FD interest rates is between 0.05 and 0.10% or between 5 and 10 basis points.
The State Bank of India (SBI), the country's largest lender, has revised its fixed-term deposit (FD). ) interest rates on certain maturities as of today, said the lender on its website, sbi.co.in. The rate of increase of SBI FD interest rates is between 0.05 and 0.10%, or between 5 and 10 basis points. A base point equals 0.01%. SBI has raised its fixed deposit interest rates on deposits below Rs 1 crore. SBI raised its interest rates FD before the fifth bi-monthly monetary policy review on Dec. 5.
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Below the latest SBI FD interest rates on deposits of a crore less than 1 crore:
Interest rate of the SBI FD for the general public:
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SBI FD interest rate for the elderly
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The interest rate payable to SBI staff and retirees is 1% higher than the applicable rate, said the lender. The rate applicable to all SBI seniors and retirees aged 60 and over will be 0.50% higher than the rate payable to all Resident Indian Resident Residents, ie Indian Residents resident SBI Residents will benefit both staff benefits (1 resident Indian citizens (0.50%)
ICICI Bank and HDFC Bank private sector companies last revised their FD interest rates on November 6 and 6 respectively
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