SBI reduces FD rates by 40bps

State Bank of India (SBI) has reduced interest rate on its term deposits of most maturities by 40 basis points (100bps = 1 percentage point). Following the revision, the highest return offered by the bank is 5.4% on deposits of over five years. On bulk deposits, SBI has reduced returns by half a percentage point.

from Times of India https://ift.tt/3gvGRCE