State Bank Of India (SBI) Hikes Interest Rate On Fixed Deposits

Here is some good news for savers. India's biggest lender State Bank of India (SBI) has revised its interest higher on retail fixed deposits or FDs below Rs 1 crore. The revised rate on SBI FDs will be effective from May 28. SBI has revision interest rates by up to 25 basis points in select maturities, according to the bank's website. Interest rate on SBI fixed deposits with a maturity of one year to less than two years has been incr...