SBI raises rates for large SB accounts


State Bank of India (SBI) said it has increased the interest rates on saving bank deposits by 0.30% (30 bps) with a balance of ₹10 crore and above. The interest rates for deposits below ₹10 crore remain unchanged at 2.70%.

“The revised rates are applicable from October 15, 2022 onwards,” SBI said in a statement.


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