State Bank of India (SBI) has raised its fixed deposit (FD) interest rates, effective from February 15, 2023. SBI customers can now earn up to 7% on their deposits, while senior citizens can earn up to 7.5%. In addition, SBI has introduced a specific tenure scheme of 400 days, where it is offering a 7.10% interest rate. This scheme is valid until March 31, 2023.
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