SBI Fixed Deposit interest rates hiked by by up to 10 bps
The State Bank of India today hiked the interest rates it offers on fixed deposits by up to 10 basis points. The new interest rates, which are effective from July 30, are applicable on retail deposits below Rs 1 crore.
Shares of SBI jumped as much as 4.4 per cent to Rs 299.25, highest since February 9, on interest rate hike. Image source: Reuters