State Bank of India increases raises FD rates by up to 75 basis points

SBI hikes fixed deposit rates: State Bank of India increases raises FD rates by up to 75 basis points | Check latest rates here State Bank of India, the country's largest lender, has increased its fixed deposit (FD) interest rates in select maturities. The hike ranges from 0.25 per cent to 0.75 per cent, which means you are going to get more benefits on deposits. The new interest rates came into effect on Wednesday (May 15).State Bank of India has increased interest rates on FDs below Rs 2 crore. The rate has been increased on three tenures. These are 46 days to 179 days, 180 days to 210 days, and 211 days to less than 1 year. The highest interest rate currently available is for a tenure of 2 years to less than 3 years. However, it has not been revised. It is still at 7 per cent. Senior citizens are getting the highest interest of 7.50 per cent in this tenure as well as in 5 years and up to 10 years tenure. [Read more](3D/0/2) If you would prefer not receiving our emails, please [Click Here](3D)