News > HDFC Bank, SBI hike FD interest rates for these tenures

HDFC Bank, SBI hike FD interest rates for these tenures

HDFC Bank has increased interest rates on fixed deposits (FDs) for select tenors. These rates will be effective from January 12, 2021. According to the bank’s website, it has raised interest rates on FDs worth less than Rs 2 crore with maturities of above two by five-10 basis points.

State Bank of India (SBI) has revised its fixed deposit (FD) rates effective from January 15, 2022. Most of the revisions are in deposits of above Rs 2 crore.