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17 February 2023

SBI raises fixed deposit interest rates, introduces new 400 days tenure scheme

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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