NEWS & ADVICE : FIXED DEPOSITS
SBI revised rates for the term deposits of less than 1 crore
By Neelima Shankar
Sep 16, 2014
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Highly Networked bank of the country State bank of India has made certain amendments in the rates on retail term deposits. For the term deposits of below than Rs 1 crore the bank has revised its interest rates.

For the period of 1 to 3 years the bank has reduced the rate from 9 % to 8.75 %. Hitherto for the tenure of 180 to 210 days the bank has increased the rate y 0.25%, the new rate now is 7.25%. On this revision the chairman of the bank reported that due to the availability of the liquidity, while the credit demand has been low, the bank has revised the rates.


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