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SBI cuts long-term FD interest rates by 15 bps

Jan 14, 2020 19:09 IST

The State Bank of India has slashed interest rates on fixed deposits maturing in 1 year to 10 years by 15 basis points which came into effect from January 10. According to the bank, FDs with tenures of more than one year will now fetch 6.1%, down from 6.25%. For senior citizens, the FDs will return 6.6%, down from 6.75% earlier.