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SBI deposit rates News

09 Nov 2017

Limited space for further cut in lending rate: SBI chief

Last week, the country's largest lender State Bank of India (SBI) reduced its lending rate for home and auto loans by 0.05 percentage point.

01 May 2017

Only 6.25% interest on FD: SBI reduces term deposit rates by up to 0.50%

For two to less than three years deposits, SBI will offer a rate of 6.25 percent as compared to 6.75 percent earlier.

23 Nov 2016

State Bank of India slashes bulk deposit rates by up to 1.9%

Days after Prime Minister Narendra Modi signalled that rates are on the way down, SBI Wednesday slashed bulk deposit rates by up to 1.9 percent taking advantage of the surge in deposits following demonetisation.

30 Sep 2014

SBI cuts short-term deposit rates to 6%

State Bank of India on Tuesday reduced the short-term deposit rates by 1 percentage point for amount below Rs 1 crore, second such move this month.

18 Sep 2014

SBI's new fixed deposit rates effective from today

Anticipating a lower credit offtake than what was expected, State Bank of India (SBI) has revised its fixed deposit rates Thursday onwards.

16 Sep 2014

SBI revises deposit rates by 0.25% in two buckets

Country's largest lender State Bank of India on Tuesday cut its interest rate offering for medium-term deposits by 0.25 percent to 8.75 percent, citing slower-than -expected pick up in advances.

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