7 percent: the interest rate on State Bank of India fixed deposits1 min read 15 Sep 2016, 09:35 PM IST
A return of 7% on long- to mid-term deposits may sound reasonable. But wait till you calculate the post-tax return and compare it with rates offered by other banks
This is the interest rate offered by the State Bank of India, the country’s largest lender, on fixed deposit (FD) in the 3- to 10-year maturity basket, effective from 1 September 2016.
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