SBI Hikes Deposit Rates Across Tenures

For deposits with a maturity period of 46 days to 179 days, the bank has increased rates by 25 basis points, resulting in an interest rate of 4.75%. It has raised interest rates by 50 basis points for deposits with a maturity period of 180 days to 210 days, resulting in a new interest rate of 5.75%.

The bank hiked rates by 25 basis points for deposits maturing in 211 days to less than 1 year, bringing the interest rate to 6%. Deposits maturing in three years to less than five years will now earn an additional 25 basis points, offering a new interest rate of 6.75%.