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Mumbai, Sept. 27

State Bank of India on Saturday announced a 1,000-day term deposit scheme with an interest rate of 10.5 per cent a year. The new scheme, which will begin from October 1, will be the term deposit of SBI carrying the highest interest rates. For senior citizens, the rate of interest will be 11 per cent. Earlier, it was offering 9.5 per cent on deposits of two years to less than three years.

— Our Bureau

More Stories on : Fixed Deposits | Public Sector Banks | State Bank of India

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