New Delhi, March 28 - The State Bank of India on March 28 raised interest rates on fixed deposits across various tenures by 10-25 basis points.
On deposits of less than Rs 1 crore for a tenure of two to three years, the interest rate has been raised to 6.60% from 6.50%, according to the bank's website.
For tenures of three to five years and five to ten years, rates have been hiked from 6.50% to 6.70%, and from 6.50% to 6.75%, respectively.
The bank also raised the interest on bulk term deposits ranging between Rs 1 crore and Rs 10 crore, for the tenure of one year to two years by 25 basis points to 7.00%.
Besides, on bulk deposits of more than Rs 10 crore for a tenure of one year to two years, the bank raised the interest rate by 25 basis points to 7.00%.