SBI HAS ANNOUNCED TO INCREASING IN INTEREST RATES ON FD

 

Mumbai, March 28, (globelmedianews.com):
SBI has announced to increase in interest rates on FD. The country's largest bank, SBI, has provided good news. Announcing the increase in interest rates on various types of FDs. The rates for deposits of 10 to 25 basis points have gone up. New interest rates will be implemented as stated in the SBI website. The interest rate for deposits of less than Rs 1 crore less than 7 months per annum will be 6.40 percent as per new interest rates. The rest of the details can be found at the bottom.


SBI HAS ANNOUNCED TO INCREASING IN INTEREST RATES ON FD

As per SBI's notification, SBI employees and pensioners will get an additional 1% interest on regular customers. New interest rates apply to new deposits if they are renewed deposits. Interest rates on deposits lower by less than three years are up by 6.60 percent from 6.50 percent.Interest rates on deposits less than five years have increased by 6.70 percent to 6.50 percent interest rates on deposits between five and ten years have gone up by 6.50 percent to 6.50 percent.SBI Staff and SBI Pensioners will pay 1 per cent more than the rate applicable. This rate will be applicable to all senior citizens and for SBI pensioners over 60 years. Interest rates for depositors with less than one year will be between 5.75 percent and 6.40 percent in February. The interest rate for deposits of less than one year and less than two years has been reviewed at 7 percent from 6.75 percent.

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