These banks have hiked FD interest rates: Which bank now offers highest rate

State Bank Of India

State Bank of India (SBI) increased interest rates by up to 15 bps on select fixed deposit (FD) tenures. According to the bank’s website, the increased rates are effective from August 13, 2022 and are applicable on FDs of less than Rs 2 crore. After the adjustment, SBI will now offer fixed deposit interest rates ranging from 2.90% to 5.65% for general public and 3.40% to 6.45% for senior citizens.

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