What are SBI's interest rates?
State Bank of India (SBI) establishes structured interest rate schedules across its retail deposit accounts, loan portfolios, and fixed-term domestic deposits. Standard fixed deposit interest rates range up to approximately 6.40% per annum for general citizens across various maturity tenures, while senior citizens enjoy preferential higher yields reaching up to 7.05% per annum for long-term deposits. Lending rates, including benchmark marginal cost of funds lending rates, fluctuate dynamically in response to monetary policy directives issued by the Reserve Bank of India.
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