SBI hikes interest rates on FCNR (B) deposits

Mumbai, Nov 1 (UNI) State Bank of India (SBI) has hiked interest rates on FCNR (B) deposits across all currencies and maturities.

Also, the bank has hiked interest rates on Non-Resident (External) rupee term deposits, a bank release here today said.

While the revised rates for NRE term deposits for maturities from one year to less than two years will be 6.34 per cent, the same figure wil be 6.17 per cent for maturities from two years to less than three years and 6.11 per cent for maturities from three years to five years.

UNI KKD MJ AW1909