State Bank of India revises deposit rates for various maturities by up to 0.75%

For retail deposits, below Rs 1 crore, rates have been increased by up to 0.50 percent, State Bank of India said.

PTI February 28, 2018 16:24:59 IST
State Bank of India revises deposit rates for various maturities by up to 0.75%

Mumbai: The country's largest lender State Bank of India has revised retail and bulk deposits rates by up to 0.75 percent for various maturities, effective on Wednesday.

For retail deposits, below Rs 1 crore, rates have been increased by up to 0.50 percent.

State Bank of India revises deposit rates for various maturities by up to 075

Representational image. Reuters.

For deposits maturing in one year to less than two years, rates have been raised by 0.15 percent to 6.40 percent from 6.25 percent earlier.

The retail deposit rates for two years to up to 10 years have been changed by 0.50 percent to 6.50 percent from 6 percent.

The lender revised its bulk term deposit rates for the third time in as many months.

For Rs 1 crore to Rs 10 crore bulk deposits, maturing in one year to less than two years, the bank raised rates by 0.50 percent from 6.25 percent to 6.75 percent.

For deposits maturing in two to less than three years, the rates have been increased by 0.75 percent to 6.75 percent.

For above Rs 10 crore bulk deposits maturing between one year to less than two years, the rates have been raised by 0.50 percent to 6.75 percent.

Rates for bulk deposits maturing between two to less than three years is increased by 0.75 percent to 6.75 percent.

Updated Date:

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