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![SBI FD rate hike: State Bank of India raises fixed deposit interest rates 1 mint](https://thespuzz.s3.ap-south-1.amazonaws.com/thespuzz/uploads/2022/08/05192956/mint.png)
![SBI FD rate hike: State Bank of India raises fixed deposit interest rates 1 mint](https://thespuzz.s3.ap-south-1.amazonaws.com/thespuzz/uploads/2022/08/05192956/mint.png)
The State Bank of India (SBI) has raised its fixed deposit interest rates for certain tenures on retail deposits (up to ₹2 crore) The new FD rates are effective from May today, May 15, 2024.
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The bank has hiked interest rates on 46 days to 179 days, 180 days to 210 days, 211 days to less than one year tenures by 25-75 basis points (bps). The public sector bank had last hiked interest rates on FDs on 27 December 2023.
This is a developing story
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Published: 15 May 2024, 01:12 PM IST
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