GET Stock QuotesNews18 APP
News18 English
Powered by cricketnext logo
»
1-min read

SBI Raises Fixed Deposit Interest Rates by up to 10 Basis Points

The new rates ranging from 5 to 10 bps are applicable for deposits below Rs 1 crore and are effective immediately, the bank said on its website.

PTI

Updated:November 28, 2018, 7:05 PM IST
facebookTwittergoogleskypewhatsapp
Loading...
Mumbai: The country's largest lender State Bank of India Wednesday increased the fixed deposit rates by up to 10 basis points or 0.10 per cent to 6.80 per cent on select maturities.

The new rates ranging from 5 to 10 bps are applicable for deposits below Rs 1 crore and are effective immediately, the bank said on its website. One basis point is one hundredth of a per cent.

This follows an increase in deposit rates by HDFC Bank by up to 0.5 per cent and ICICI Bank by up to 0.25 per cent on select maturities earlier this month.

For fixed deposits maturing in one to less than two years, SBI has revised its rate to 6.80 per cent from 6.70 percent earlier. For senior citizens, the new rate for the same maturity has been increased to 7.30 from 7.20 per cent. For deposits maturing in two to less than three years, the rate has been increased to 6.80 per cent from 6.75 percent.



Senior citizens will get a rate of 7.30 per cent as against 7.25 per cent on deposits with tenor of two to less than three years. The lender has kept deposits rates unchanged for other maturities.

It is offering a deposit rate of 6.80 per cent for tenure three years to less than five years.
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Vedanta 207.10 2.73
Yes Bank 181.05 0.39
ICICI Bank 357.95 1.72
Indiabulls Hsg 782.10 -1.36
Maruti Suzuki 7,746.95 1.11
Company Price Change %Gain
Vedanta 207.00 2.88
Yes Bank 181.00 0.36
Maruti Suzuki 7,743.60 1.17
Jet Airways 251.80 -3.14
Prataap Snacks 1,129.00 3.41
Top Gainers
Company Price Change %Gain
Power Grid Corp 192.50 3.66
Tata Motors 172.05 3.05
Vedanta 207.15 2.75
NTPC 147.05 2.47
ICICI Bank 357.85 1.69
Company Price Change %Gain
Power Grid Corp 192.30 3.67
Vedanta 207.25 3.01
Tata Motors 172.15 3.15
NTPC 147.00 2.33
ICICI Bank 358.15 1.72
Top Losers
Company Price Change %Gain
Bajaj Finserv 6,100.90 -1.24
Indiabulls Hsg 782.00 -1.37
Kotak Mahindra 1,243.15 -1.02
Infosys 699.95 -0.86
BPCL 342.60 -0.78
Company Price Change %Gain
Kotak Mahindra 1,243.70 -0.92
Infosys 700.25 -0.76
Hero Motocorp 3,291.00 -0.68
Asian Paints 1,335.85 -0.31
SBI 288.90 -0.09

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results