Latest SBI FD rates: Check new State Bank of India term deposit interest rate after recent cut
The country's largest bank, the State Bank of India (SBI) has changed the rates of fixed deposits (FD). The change has come into effect from November 10 and the new FD rates are applicable for retail as well as bulk term deposits.
SBI has cut interest on the FDs with less than one year to less than two years of maturity, which will now become 6.25 percent annually. Reuters