SBI revises interest rates on loans, FDs, savings deposits: check new rates

SBI has lowered rates on fixed deposits by 10 basis points for '1 year to less than 2 years' maturity with effect from October 10, 2019

The State Bank of India (SBI) on Wednesday made several announcements with regards to interest rates. While borrowers stand to benefit from the new rates announced, some savings account holders will receive lower interest payment on their deposits from November 1, 2019. The bank has also cut interest rates on fixed deposits or FDs, its second revision in a month.

Revised FD rates

SBI has lowered FD rates by 10 basis points for ‘1 year to less than 2 years’ maturity with effect from October 10, 2019.

Revised SBI FD (below Rs 2 crore) interest rates with effect from October