The SBI has created a special category for super senior citizens over 80 years old, who will receive an additional 10 basis points compared to regular senior citizens.

In an attempt to attract investors, the top three public sector banks in India raised their interest rates on fixed deposits of less than Rs 3 Cr in the first week of 2025. Here are the updated PSU bank FD rates as of January 1,

The bank has added a new tenure of 303 days with an interest rate of 7%. The other tenure which has been added is 506 days, with an interest rate of 6.7% for general citizens. The new tenures are effective from January 1,

SBI aims to enhance financial inclusion by introducing schemes tailored to meet the unique needs of specific customer segments.

SBI and HDFC Bank have started 2024 by enhancing deposit rates. SBI offers super senior citizens new benefits while HDFC has revised bulk deposit rate