Here is some good news for savers. India's
biggest lender State Bank of India (SBI) has revised its interest higher on retail fixed deposits or FDs below Rs. 1 crore. The
revised rate on SBI FDs will be effective from May 28. SBI has revision
interest rates by up to 25 basis points in select maturities, according to the
bank's website. Interest rate on SBI fixed deposits with a maturity of one year
to less than two years has been increased to 6.65 per cent for the public, from
6.4 per cent earlier. Senior citizens will get an interest rate of 7.15 per
cent as compared to 6.9 per cent earlier.
SBI fixed deposits with a
maturity of two years to less than three years will fetch an interest rate of
6.65 per cent, higher than 6.6 per cent earlier. Senior citizens will get 7.15
per cent as compared to 7.10 per cent earlier.
CLICK HERE For Updated Interest Rates (
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