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SBI hikes interest rates on fixed deposits

State Bank of India (SBI), has hiked its interest rates on fixed deposits, effective Monday. The revised rates are applicable to various maturities and amounts and will apply to senior citizens as well.

The bank has raised interest by 5-10 basis points on deposits of below Rs.1 crore. The interest rates on recurring deposits of SBI are the same as that on FDs, and will therefore, change accordingly from Monday.

Read EquityPandit’s Technical Analysis of SBI

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