SBI hikes base rate, interest rates of certain FDs: Check details

[IndiaInsurance]

https://img.etimg.com/photo/88311707.cms (https://economictimes.indiatimes.com/wealth/invest/sbi-hikes-base-rate-interest-rates-of-certain-fds-check-details/articleshow/88311707.cms)The Reserve Bank of India sets the minimum rate of interest, which all banks use as their standard rate. Banks are not allowed to lend at a rate lower than the central bank's predetermined base rate.

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