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As the Reserve Bank of India kept the repo rate at the same level, many banks have tweaked their fixed deposit rates to attract customers.
Bank fixed deposit (FD) withdrawal rule: If you want to withdraw the amount, you will have to pay the lenders a penalty charge
SBI hikes fixed deposit interest rates: As per the new rate list, the bank will be offering an interest rate ranging from 3.00 per cent to 5.85 per cent for the general public, and 3.50 per cent to 6.65 per cent for senior citizens on deposits maturing in 7 days to 10 years.
SBI interest rates: FDs can be a smart way to build a healthy corpus as it is a low-risk investment avenue, according to market experts.