sbi new interest rates: Important Notice to SBI Customers: New Change in Interest! – state bank of india changed base rate and fixed deposit rates check new rates here

State Bank of India, India’s largest public sector bank, offers a wide range of services to its customers. The interest rate also changes from time to time. In that regard, the current announcement has raised the base interest rate by 0.10 percentage points, or 10 basis points. This change of interest has come into effect from December 15.

The bank’s interest rate has risen to 7.55 per cent since the new interest rate change. Earlier in September, the interest rate was raised to 7.45 per cent from 7.40 per cent. State Bank of India (SBI) has issued this announcement following the decision to set repo rate at the Reserve Bank’s Monetary Policy Meeting. The Federal Reserve has set a minimum interest rate for all banks. Interest to customers is determined on its basis. You can buy a loan from home … the interest is very low!
State Bank of India has also changed the interest rate for Fixed Deposit Scheme. For deposits above Rs 2 crore, the initial interest rate (7 to 45 days) will now be 3 per cent and the maximum interest rate (5 to 10 years) will be 3.10 per cent.

Similarly, for deposits of less than Rs 2 crore, the initial interest rate (7 days to 45 days) will be 2.90 per cent and the maximum interest rate (5 to 10 years) will be 5.40 per cent, according to the State Bank of India.

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