SBI hikes fixed deposit rates by 0.25% on select maturities

State Bank of India (SBI) hikes fixed deposit rates by 0.25% on select maturities.

Countries largest lender State Bank of India (SBI)SBI-Logo has raised the interest rates on fixed deposits by 0.25 per cent on select maturities with effect from March 1, 2013.

With the revision, the interest rate on 1-2 years term deposits would go up to 8.75 per cent from 8.50 per cent.

Similarly, term deposits for 2-3 years, 3-5 years and 5-10 years would earn a higher interest rate of 8.75 per cent. However, the bank has left the interest rate unchanged for deposits less than one year.

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