SBI revises fixed deposit rates
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SBI has revised interest rates on select fixed deposits. On deposits of 1 year to less than 2 years, the rate of interest has been increased from 6.8% to 7%. On FDs of 2 years to less than 3 years, SBI has cut interest rate from 6.8 % to 6.75%. On deposits, that are 3 years to less than 5 years, the interest rate has been decreased from 6.8% to 6.70%. On 5 years to 10 years FDs, interest rate decreased from 6.85% to 6.60%.