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SBI reduces interest rate on fixed deposits across all maturities

Monday, July 29, 2019, 2:58 PM

State Bank of India(SBI), in view of the falling interest rate scenario and surplus liquidity, has announced a reduction in fixed deposit interest rates across all maturities. In a press release, the bank stated that the new rates will be effective from August 1, 2019. SBI has cut rates on retail term deposits below Rs.2 crore and on bulk term deposits above Rs.2 crore.
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SBI Hikes Fixed Deposit (FD) Interest Rates With Effect From Today

Wednesday, November 28, 2018, 4:34 PM

India's largest bank SBI has increased fixed deposit (FD) interest rates for select maturity periods with effect from today. FDs below Rs.1 crore with maturity period of one to two years will fetch 6.8% as compared to 6.7% earlier. Similarly, the interest rate on FDs with maturity period of two to three years has been hiked from 6.75% to 6.8%.

What you need to know about Tax on Fixed Deposit in India?

Tuesday, August 14, 2018, 7:58 PM

Fixed Deposits (FDs) are a popular form of savings. It allows you to exploit complete potential of Section 80C tax exemption while keeping your money safe for the said period. You can also earn a fair amount of income in the form of interest. But this income is taxable.

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