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| 1. |
The fixed deposit rate for a period of 7 days to 45 days has been reduced to what amount by SBI recently? |
| Answer» State Bank of India (SBI) has announced a rate cut of the fixed deposit rates across multiple tenors for general customers and senior citizens. It has reduced a rate cut up to 50 basis points (bps) in some tenors, and for some tenors, it has announced a reduction of 10 bps. The new rates were made effective from 10 March. The fixed deposit (FD) rate for a period of 7 days to 45 days has been reduced to 4% from the earlier 4.50%, while it has been reduced to 4.50% from 5% for senior citizens. | |