📰 News Alert...

🔖 Title: SBI Slashes Interest Rates on Select Short-Term Fixed Deposits by 15 Basis Points

🗓️ Published: 2025-07-15T21:02:00.000Z

📄 Summary: State Bank of India (SBI) has announced a revision in its fixed deposit interest rates, specifically targeting short-term deposits ranging from 46 days to less than one year. The rates have been reduced by 15 basis points, effective July 15, 2025. Senior citizens will also experience a comparable reduction. However, special schemes like the Amrit Vrishti FD remain unaffected by these changes, continuing to offer their existing rates. This adjustment reflects broader trends in the banking sector amid changing economic conditions.

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https://timesofindia.indiatimes.com/business/financial-literacy/savings/fd-rate-tweak-sbi-cuts-rates-on-select-short-term-deposits-check-whats-changed-in-latest-fixed-deposit-rates-table/articleshow/122523584.cms

🗞️ Source: TOI Business Desk

💓 #BankingUpdate #FixedDeposits #SBI