If your new year resolution was saving some bucks, then investing in Fixed Deposits (FD) is one way to do so. And thankfully inspiring you to do so is the country’s largest lender State Bank of India (SBI), which has recently revised the fixed deposit (FD) rates for some select maturity periods.
The revised SBI rates are effective from January 8 and apply on retail FDs of less than Rs 2 crores. The bank has hiked the interest rates on fixed deposits (FDs) for 1 year to less than 2 years by 10 basis points (bps). Check the new rates below:
1. State Bank Of India
Moreover, here’s how the fixed deposit interest rates pan out when you compare them with other big banks in the country like HDFC Bank, Punjab National Bank, and others.
2. Punjab National Bank
3. HDFC Bank
4. ICICI Bank
5. Axis Bank
Pictures source – TimesNow