SBI hikes fixed deposit interest rates with effect from today

India's largest bank SBI has increased fixed deposit (FD) interest rates for select maturity periods with effect from today. FDs below ₹1 crore with maturity period of one to two years will fetch 6.8% as compared to 6.7% earlier. Similarly, the interest rate on FDs with maturity period of two to three years has been hiked from 6.75% to 6.8%.