• Hindi
  • Heritage Edge
  • Sports Edge
  • Wildlife Edge
SHARP. BITTER. NEUTRAL.
No Result
View All Result
  • Login
The Edge Media
Thursday, October 2, 2025
  • Home
  • National Edge
  • State Edge
  • Political Edge
  • World Edge
  • Entertainment Edge
  • Business Edge
  • Sports Edge
  • Home
  • National Edge
  • State Edge
  • Political Edge
  • World Edge
  • Entertainment Edge
  • Business Edge
  • Sports Edge
No Result
View All Result
The Edge Media
No Result
View All Result
Home Business Edge

SBI has reduced interest rates on retail term deposits by up to 40 bps across all tenors

The Edge Media by The Edge Media
5 years ago
in Business Edge, Main Story
Reading Time: 1 min read
0
Share on FacebookShare on TwitterShare on LinkedInShare via TelegramSend To WhatsApp

The country’s largest lender State Bank of India (SBI) has reduced interest rates on retail term deposits by up to 40 basis points (bps) across all tenors. This is the second reduction in fixed deposits interest rates by the lender in May. It had reduced its deposit rates on May 12. The new rates of interest, effective from Wednesday, shall be made applicable to fresh deposits and renewals of maturing deposits.

For deposits maturing in seven days to 45 days, the lender is offering an interest rate of 2.90 percent as against 3.30 percent earlier, according to the SBI website. The revised rate for 180 days to 210 days bracket is 4.40 percent compared to 4.80 percent.

FDs maturing in one year to less than two years will now fetch an interest rate of 5.10 percent as against 5.50 percent. The interest rate on deposits in the five years to up to 10 years tenor will be 5.40 percent compared to 5.70 percent. For senior citizens also, interest rates on retail term deposits across all tenors have been cut by up to 40 basis points.    

The lender has also slashed interest rates on bulk deposits (Rs 2 crore and above) by up 50 basis points. — PTI      

Previous Post

Sambit Patra hospitalized after COVID symptoms

Next Post

About 90,000 hectares in 20 districts of Rajasthan have been affected due to the locust attack

Related News

The Edge Magazine – September 2025

The Edge Magazine – September 2025

by The Edge Media
September 3, 2025
0

What’s Next? SC Revises Stray Dog Order, Directs Sterilisation and Return but Dog Lovers, NGOs Asked to Deposit Costs

What’s Next? SC Revises Stray Dog Order, Directs Sterilisation and Return but Dog Lovers, NGOs Asked to Deposit Costs

by The Edge Media
August 23, 2025
0

The Supreme Court has revised its August 11 order on stray dogs, ruling that sterilised and vaccinated animals be released...

Supreme Court Orders Aggressive Sterilisation to Control Stray Dog Population: A Landmark Verdict Ensures Public Safety & Animal Welfare

Supreme Court Orders Aggressive Sterilisation to Control Stray Dog Population: A Landmark Verdict Ensures Public Safety & Animal Welfare

by The Edge Media
August 23, 2025
0

In a landmark verdict, the Supreme Court of India has directed aggressive sterilisation of stray dogs under the ABC Rules,...

“Marriage Is Not for Absolute Freedom” – Supreme Court’s Bold Statement on Relationships

“Marriage Is Not for Absolute Freedom” – Supreme Court’s Bold Statement on Relationships

by The Edge Media
August 23, 2025
0

In a landmark ruling, the Supreme Court stated that marriage requires compromise and responsibility, warning against unrealistic expectations of absolute...

BJP Leader Rekha Gupta Gets Z+ Security Cover Amid Threat Concerns

BJP Leader Rekha Gupta Gets Z+ Security Cover Amid Threat Concerns

by The Edge Media
August 23, 2025
0

BJP leader Rekha Gupta has been granted Z+ category security cover following intelligence warnings of threats, sparking political debate.

India to Launch First-Ever Human Space Mission ‘Gaganyaan’ in December 2025

India to Launch First-Ever Human Space Mission ‘Gaganyaan’ in December 2025

by The Edge Media
August 23, 2025
0

ISRO has announced December 2025 as the launch date for India’s first human spaceflight mission, Gaganyaan, marking a new era...

Discussion about this post

Recommended

Jordan’s king says diplomatic efforts on to halt Israeli military campaign

Jordan’s king says diplomatic efforts on to halt Israeli military campaign

4 years ago
BJP To Rule UP Again, According to Exit Polls

BJP To Rule UP Again, According to Exit Polls

4 years ago

Popular News

  • The Edge Magazine – September 2025

    The Edge Magazine – September 2025

    0 shares
    Share 0 Tweet 0
  • What’s Next? SC Revises Stray Dog Order, Directs Sterilisation and Return but Dog Lovers, NGOs Asked to Deposit Costs

    0 shares
    Share 0 Tweet 0
  • Supreme Court Orders Aggressive Sterilisation to Control Stray Dog Population: A Landmark Verdict Ensures Public Safety & Animal Welfare

    0 shares
    Share 0 Tweet 0
  • “Marriage Is Not for Absolute Freedom” – Supreme Court’s Bold Statement on Relationships

    0 shares
    Share 0 Tweet 0
  • BJP Leader Rekha Gupta Gets Z+ Security Cover Amid Threat Concerns

    0 shares
    Share 0 Tweet 0
  • Hindi
  • Heritage Edge
  • Sports Edge
  • Wildlife Edge
SHARP. BITTER. NEUTRAL.

© 2024 The Edge Media All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • National Edge
  • State Edge
  • Political Edge
  • World Edge
  • Entertainment Edge
  • Business Edge
  • Sports Edge

© 2024 The Edge Media All Rights Reserved.