INSUBCONTINENT EXCLUSIVE:
Earlier, State Bank of India revised its FD rates on August 26.State Bank of India or SBI, country's largest lender, has reduced fixed
deposit (FD) interest rates across all maturities
segment has seen a reduction of 10-20 basis points (or 0.10-0.20 percentage point)
The new rates are effective from today
"In view of the falling interest rate scenario and surplus liquidity, SBI realigns its interest rate on fixed deposits," the bank said in a
days4.5%5.00%46 days to 179 days5.50%6.00%180 days to 210 days5.80%6.30%211 days to less than 1 year5.80%6.30%1 year to less than 2
year6.50%7.00%2 years to less than 3 years6.25%6.75%3 years to less than 5 years6.25%6.75%5 years and up to 10 years6.25%6.75%(Source:
sbi.co.in)Fixed deposit interest rates are subject to change from time to time
downward revision so far this year
Repo rate is the interest rate at which the RBI lends money to commercial banks.Get Breaking news, live coverage, and Latest News from India
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