State Bank of India increased fixed deposit interest rates for selected tenures up to Rs 2 crore, effective May 15.
State Bank of India (SBI) increased fixed deposit (FD) interest rates for specific tenures on retail deposits up to Rs 2 crore, effective from May 15. The hike affected FD tenures of 46 to 179 days, 180 to 210 days, and 211 to less than one-year tenures, with an increase of 25-75 basis points. Bulk deposits also saw rate increases. This is SBI's second interest rate hike on FDs in 2024.
May 15, 2024
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