Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>SBI Raises Deposit Rates by Up to 1.5% for Various Maturities; Highest Rate Now 8.75% for 8-10 Years.</h1> State Bank of India (SBI), the country's largest lender, has increased deposit rates by up to 150 basis points or 1.5% across various maturities, effective from December 7, 2010. This adjustment aims to offer better returns to fixed deposit holders. The highest interest rate of 8.75% will apply to deposits with maturities of 8-10 years, reflecting a 100 basis point increase. The most significant rise of 150 basis points affects term deposits maturing in 46-90 days. This move aligns with other banks like ICICI Bank, Punjab National Bank, Syndicate Bank, and Bank of India, following the RBI Governor's advice to improve depositor returns.