SBI cuts fixed deposit rates by 0.5-1%.
New rates shall apply from 7th Sep. 2012.
New slabs for Fixed Deposit:
7-90 Days - 6.50% from 7.00%
91-180 Days - 6.50% from 7.00%
181-240 Days - 6.50% from 7.25%
One year to less than two years - 8.50% from 9.00%
2-3 years and 3-5 years - 8.50%
5-10 years - Rates unchanged at 8.50%
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