SBI Savings Bank Raises Fixed Deposit Interest Rate by 0.3%P... Up to 3.9%
On the 19th, SBI Savings Bank announced that it will raise the interest rates on fixed deposits by 0.3 percentage points. The interest rates for fixed deposit and revolving fixed deposit products (12-month maturity) sold at branches and online will be adjusted from the previous 3.4~3.6% to 3.7~3.9% starting today.
With the increase in fixed deposit interest rates, SBI Savings Bank plans to enhance consumer benefits while securing competitiveness in deposit acquisition.
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An official from SBI Savings Bank stated, "We decided to raise the fixed deposit interest rates to provide benefits to existing customers, attract new customers, and strengthen the competitiveness of our deposit products," adding, "We will faithfully fulfill our role as a financial institution for the underprivileged by offering innovative products and services that provide even greater benefits."
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