Amid interest rate by major banks across Indian on deposit products, SBI has also announced rate hike on its Bulk FD deposits. The hike has been effected for Fds of 2 crore and above and by 50 bps to 5.25%. So, the new or renewed bulk deposits with the bank henceforth shall offer 5.25% rate for Fds of 1 year to less than 2 year tenure.
For other deposits, the bank has continued with the previous interest rate. Notably for shorter tenure of less than 1 year, the interest rate is in the range of 3.5-4.5%, while rates for deposits with tenures between 2 and 10 years are in the range of 4.25% to 4.50%.
For regular term deposits also the bank recently raised FD rates by 15-20 basis points. 1 basis point is 1 -hundredth of a percentage point. Amid interest rate hikes on a continuous basis, there is expected a good traction in deposit mobilisation by banks across the country.
Notifications
Settings
Clear Notifications
No New Notifications
Notifications
Use the toggle to switch on notifications
Block for 8 hours
Block for 12 hours
Block for 24 hours
Don't block
To start receiving timely alerts, as shown below click on the Green “lock” icon next to the address bar
Click it and Unblock the Notifications
Close X
Close X
To Start receiving timely alerts please follow the below steps:
Click on the Menu icon of the browser, it opens up a list of options.
Click on the “Options ”, it opens up the settings page,
Here click on the “Privacy & Security” options listed on the left hand side of the page.
Scroll down the page to the “Permission” section .
Here click on the “Settings” tab of the Notification option.
A pop up will open with all listed sites, select the option “ALLOW“, for the respective site under the status head to allow the notification.
Once the changes is done, click on the “Save Changes” option to save the changes.
Click it and Unblock the Notifications
Sign in with Google