The State Bank of India (SBI) has reduced its fixed deposit (FD) interest rates by 0.20 per cent. One-year FDs will now earn an interest rate of 6.5 per cent.
This is the second consecutive month that the PSU bank has slashed its FD rates.
SBI has also cut the interest rate on its special FD scheme, Amrit Kalash, by 0.20 per cent. The scheme, which has a tenure of 444 days, will now offer an interest rate of 6.85 per cent.
These revised rates came into effect on May 16.
Anurag Dhole is a seasoned journalist and content writer with a passion for delivering timely, accurate, and engaging stories. With over 8 years of experience in digital media, she covers a wide range of topics—from breaking news and politics to business insights and cultural trends. Jane's writing style blends clarity with depth, aiming to inform and inspire readers in a fast-paced media landscape. When she’s not chasing stories, she’s likely reading investigative features or exploring local cafés for her next writing spot.
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- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
