1 min read.Updated: 15 Jan 2022, 03:26 PM ISTLivemint
The new rate is effective from 15 January
SBI offers the highest interest rate of 5.40% on FD for tenure from 5-10 years
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India largest lender, the State Bank of India (SBI), on Saturday announced that it has increased interest rates on fixed deposit (FD) by up to 10 basis points or 0.10%.
According to the SBI website, the interest rate on fixed deposits for tenure 1 year to less than 2 years has been increased to 5.1% from 5.0%. For senior citizens the rate is increased from 5.50% to 5.60%.