SBI,ahead of RBI policy,revises its one year fixed deposit rates up to Rs 1 crore to 6.50%,down by 25 basic points(bps).

SBI on its website stated that, the revision in interest rates on retail domestic term deposits below Rs. 1 crore will be effective from 1st October 2017.

Moreover, senior citizens will be getting an interest rate of 7%, which previously was 7.25%.

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