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SBI Fixed Deposit Rate & Indian Stock Market

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NEW DELHI: Country’s largest lender SBI now increased Fixed Deposit rates on select maturities by up to 1 per cent, amid tight liquidity situation.

Fixed deposits with maturity period of 7-90 days will earn eight per cent interest against existing seven per cent, State Bank of India (SBI) said in a statement.

The new rates would be effective from tomorrow for Banks…it can effect to market today…

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