SBI cuts interest rates on fixed deposits across all maturities

The SBI has revised interest rate on fixed deposits (FDs) across tenors from 45 days to ten years from August 1, 2019. On FDs below ₹2 crore for one year to less than two years, interest rates reduced by 20 basis points to 6.80%. A 6.60% interest is applicable for FDs maturing in three years to less than five years.