State Bank of India (SBI) has reduced the interest rate on fixed-deposits (FDs) from 1st October by 0.25% for select maturity buckets. The maximum offered rate is 6.5% for a term of 46 days to less than two years. Top private banks, ICICI Bank and HDFC Bank, are offering a maximum rate of 6.75%; Axis Bank is offering 6.85%. Other private banks, like Yes bank and Karur Vysya, offer rates of...
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