For security reasons, your session has been timed out. To continue, Please login.
State Bank of India (SBI), in view of the falling interest rate scenario and surplus liquidity, has announced a reduction in fixed deposit interest rates across all maturities. In a press release, the bank stated that the new rates will be effective from August 1, 2019.
SBI has cut rates on retail term deposits below Rs 2 crore and on bulk term deposits above Rs 2 crore. For time deposits with longer tenors, there is a reduction up to 20 basis points (bps) in the retail segment and 35 bps in the bulk segment. Interest rates have been slashed by 50-75 bps for time deposits with shorter tenors, i.e., up to 179 days.
Here is a look at the revised fixed deposit rates: (All figures in % per annum)
FundsTiger is an Online Lending Marketplace where you can search for and avail Fast and Easy loans from almost all the leading Banks and NBFCs. You can Apply for Loans with Best possible Rates of Interest and terms for Personal Loan, Business Loan , Home Loan and Car Refinance Loan.