SBI slashes Deposit rates by .25 pc from 4th May

Similarly, deposits having a two years to less than 1,000 days maturity, will carry a rate of 7.75 per cent ( from existing 8 per cent), while those having 1,000-days tenure will offer a rate of 8 per cent ( from existing 8.25 per cent), the bank said.

The bank has also cut rates for 1,001 days to less than three years and 3-5 years deposits to 7.75 per cent (8 per

cent earlier).

Also, 5-8 years and 8-10 years deposits will carry rates of 8 per cent (8.25 per cent) and 8.25 per cent (8.5 per cent) respectively, the bank said.