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SBI cuts fixed deposit rates by 20 bps
The Northlines
|20 MAY 2025
Country's largest lender State Bank of India (SBI) has cut fixed deposit rates by 20 basis points across tenors effective May 16.
As per the bank’s website, the cut in interest rates on retail domestic term deposits below Rs 3 crore is applicable for both general public and senior citizens.
Deposits for 2 years to less than 3 years gives the maximum interest to investors at 6.7 per cent, followed by 3 years to less than 5 years which gives 6.55 per cent interest from May 16.
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