SBI raises fixed deposit interest rates
State Bank of India (SBI) on Monday hiked its fixed deposit (FD) interest rates for select tenures. FDs below â¹1 crore for 1 year to 2 years will now provide 6.70% interest as against 6.65% earlier while senior citizens will get 7.2%. For deposits from 2 years to 3 years, the interest rate has been revised to 6.75% from 6.65%.