New Delhi: SBI i.e. State Bank of India is the biggest and considered bank of the country. If seen from time to time, banks are getting the facility to withdraw new offers for their customers. Due to which many people are going to benefit greatly. This time also SBI has come up with a new offer for its account holders.
Due to which the customers of this bank are going to benefit. You must be aware that recently the Reserve Bank of India is working to give benefit by increasing the repo rate. After this, various banks have also done the work of increasing their interest rate. Due to this the loan provided by the bank is going to be very expensive. On the other hand the interest rates on fixed deposits have also increased. Due to this people are going to get some relief.
Talking about the State Bank of India also, efforts are being made to prepare for the increase in the interest rates on fixed deposits. SBI Chairman Dinesh Kumar Khara has indicated that SBI is going to increase the interest rates on FDs. Chairman Dinesh Kumar Khara has told that our bank is going to increase the interest rates on FD once again.
With the increase in the repo rate, now our bank is busy preparing to increase the interest rates on FD. Currently, SBI has announced to increase the interest rates of FDs of 2 crores or more. SBI is giving interest at the rate of 5.10 percent to its customers on FDs of 12 months to 24 months, while on the other hand it is getting interest at the rate of 5.45 on the range of 5 to 10 years.
RBL Bank hikes interest rates
On increasing the repo rate by RBI, private sector bank RBL has also increased the interest rates of FD by Rs 2 crore. At present, this bank is important to provide interest at the rate of 3.25 on FDs of 7 to 14 days, while interest at the rate of 3.75 is being given on the period of 15 to 45 days. On the other hand, on the period 91 to 180, the bank is giving interest at the rate of 4.50 percent.
