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SBI raises FD rates

State Bank of India (SBI) increased fixed deposit rate for 1, 000 days maturity by 100 basis points to 10.50 percent.

29 Sep 2008

State Bank of India (SBI) increased fixed deposit rate for 1, 000 days maturity by 100 basis points to 10.50 percent.

The rates of fixed deposit which mature in 2-3 year have been revised from 9.5 percent to 12.5 percent and senior citizens get 0.5 percent additional interest for same maturity.

Other maturity rates have been the same at the previous level.



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