SBI hikes interest rates on some fixed deposit tenures. Check latest rates here

Joining a list of banks that have raised interest rates at fixed deposits (FD), the largest state bank in India (SBI) has also raised FDS interest rates for terms of above 2 years The revised interest rate will take effect from February 15, according to the Bank website Fixed deposit rates for 2-3 years of office have been raised to 5.20% from 5.10% earlier. Meanwhile, the tariff for the control of a permanent deposit of 2-5 years has been carried out by 15 basis points to 5.45%. The same ownership interest rate is 5.30% earlier.

For a permanent deposit that has a working period of 5-10 years, interest rates have been revised upwards to 5.50% The revised interest rate will apply to deposits remain less than ₹ 2 crore Meanwhile, the interest rate in deposits remains short-term has not changed. Fixed deposits that have a 1-2 year work period are 5.10%.

The level in deposits remains with a working period of 211 days today has not changed at 4.40%. The FD interest rate has a term of 180-210 also remains unchanged at 4.40% Last week, in a step of surprise, the RBI monetary policy committee said interest rates and their attitudes did not change to ensure broad-based recovery. The current repo level stands at 4% and reverses the repo level of 3.35% After the RBI attitude, HDFC Bank, Indian central bank and UCO Bank have also revised interest rates on fixed deposits. The revised interest rate applies to deposit investments still worth up to ₹ 2 crore. Effective prices started February 14 for HDFC Bank and February 10 for the Central Bank and UCO Bank.

HDFC Bank has climbed interest rates on deposits remained in one-year control of 10 basis points to 5% from 4.9% earlier. Deposit rates that have a term of office between 1-2 years also at 5% Meanwhile, the interest rate in deposit still has a period of two-three years is 5.20% The deposit rate with a 3-5-year work period has increased by 5 basis points to 5.45%. The FD level on deposits with a 5-10-year term currently stands at 5.60%.