India's largest public sector bank State Bank of India (SBI) increased its fixed term deposit interest rates by up to 10 basis points, with effect from July 30.
The new rates are applicable on retail deposits below Rs 1 crore.
The deposits for 1 year to 2 years will now receive 6.7 percent interest against the previous 6.65 percent.
While, the new rate for senior citizen is 7.2 percent from 7.15 percent earlier and the deposits for 2 years to 3 years will now receive an interest of 7.3 percent from 7.15 percent.
Here are the revised rates:
First Published: IST