Audio Bulletin: SBI Fixed Deposit (FD) interest rates hiked up to 10 basis points

State Bank of India (SBI) on Monday gave the risk-averse investors a reason to smile who were looking to park their funds in the fixed deposits. India’s largest bank today announced a hike in the interest rates on fixed-term deposits by up to 10 basis points. The bank revised the interest rates of both its retail and bulk term deposits with effect from 30th July, 2018, i.e. today. What came as a good news for both general public and senior citizens, the rates have been revised across various tenures.