State Bank of India (SBI) has reduced interest rates for its retail term deposits.
SBI’s one-year deposit will now earn you 6.50%, down from 6.75%.
This is for all retail term deposits under Rs. 1 crore.
Deposits with tenures ranging between 2 years and 10 years will yield 6.25%.
These rates will be applicable from October 1, 2017.
Our Fixed Deposit rates go as high as 8%. Check them out.
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