Key Points
The State Bank of India (SBI) has raised interest rates on certain fixed deposits (FDs) by up to 0.5% with immediate effect...
The bank has hiked the interest rate on deposits maturing between 7 days and 45 days to 3.50% from 3%..
SBI raised the interest rate on tenure of 46 days to 179 days to 4.75% from 4.50%..
The bank has also hiked the interest rate on tenure of 180 days to 210 days from 5.25% to 5.75%..
For FDs maturing 211 days to less than one year, the interest rate has been raised to 6% from 5.75%..
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