15 C
New Delhi
Friday 17 January 2020

SBI raises deposit rates for various tenors by up to 0.75%

For retail deposits, below Rs 1 crore, rates have been increased by up to 0.50%

Mumbai: The country’s largest lender State Bank of India has revised retail and bulk deposits rates by up to 0.75% for various maturities, effective today.

For retail deposits, below Rs 1 crore, rates have been increased by up to 0.50%.

For deposits maturing in one year to less than two years, rates have been raised by 0.15% to 6.40% from 6.25% earlier.

The retail deposit rates for two years to up to 10 years have been changed by 0.50% to 6.50% from 6%.

The lender revised its bulk term deposit rates for the third time in as many months.

For Rs 1 crore to Rs 10 crore bulk deposits, maturing in one year to less than two years, the bank raised rates by 0.50% from 6.25% to 6.75%.

For deposits maturing in two to less than three years, the rates have been increased by 0.75% to 6.75%.

For above, Rs 10 crore bulk deposits maturing between one year to less than two years, the rates have been raised by 0.50% to 6.75%.

Rates for bulk deposits maturing between two to less than three years is increased by 0.75% to 6.75%.

Stay on top - Get daily news in your email inbox

Sirf Views

CAA: Never Let A Good Crisis Go To Waste

So said Winston Churchill, a lesson for sure for Prime Miniter Narendra Modi who will use the opposition's calumny over CAA to his advantage

Archbishop Of Bangalore Spreading Canards About CAA

The letter of Archbishop Peter Machado to Prime Minister Narendra Modi, published in The Indian Express, is ridden with factual inaccuracies

Sabarimala: Why Even 7 Judges Weren’t Deemed Enough

For an answer, the reader will have to go through a history of cases similar to the Sabarimala dispute heard in the Supreme Court

Tanhaji: An Unabashed Celebration Of Hindutva

Tanhaji: The Unsung Warrior Film Review | Featuring Ajay Devgn, Saif Ali Khan, Kajol, Sharad Kelkar, Luke Kenny and Neha Sharma

Lunar eclipse: Why astrology says 10 Jan relatively innocuous

On 10 January, the penumbra of the earth's shadow rather than the umbra will cause a lunar eclipse, which the scriptures do not recognise

Related Stories

Leave a Reply

For fearless journalism

%d bloggers like this: