Key Points
The State Bank of India (SBI) has raised interest rates on certain fixed deposits (FDs) by up to 50 basis points on deposits below Rs 2 crore..
The bank has also hiked FD rates on deposits above Rs 2 crore also...
How much return will you get on SBI FDs below Rs 2 crore?The bank has hiked the interest rate on deposits maturing between 7 days to 45 days to 3.50 percent from 3 percent which is a 50 basis points hike...
SBI raised the interest rate on tenure of 46 days to 179 days to 4.75 percent from 4.50 percent which is 25 basis points...
For FDs maturing 211 days to less than 1 year, the interest rate has been raised to 6 percent from 5.75 percent..
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