{"id":20404,"date":"2018-01-31T11:46:51","date_gmt":"2018-01-31T11:46:51","guid":{"rendered":"http:\/\/punjabnews24.com\/?p=20404"},"modified":"2018-01-31T11:46:51","modified_gmt":"2018-01-31T11:46:51","slug":"sbi-hikes-interest-rates-on-bulk-deposits-of-over-rs-1-crore","status":"publish","type":"post","link":"https:\/\/blastingskyhawk.com\/english\/sbi-hikes-interest-rates-on-bulk-deposits-of-over-rs-1-crore\/","title":{"rendered":"SBI hikes interest rates on bulk deposits of over Rs 1 crore"},"content":{"rendered":"<p>State Bank of India (SBI) increased on Tuesday interest rates on its domestic bulk term deposits by 75-140 basis points with immediate effect.<\/p>\n<p>This follows SBI\u2019s last November increase by 1% on bulk term deposits, defined as those for Rs 1 crore and above.<\/p>\n<p>Retail term deposit rates, for deposits below Rs 1 crore, continue to be the same.<\/p>\n<p>For short-term deposits (46-179 days and 180-210 days), the new rate is 6.25%, up from 4.85%.<\/p>\n<p>On deposits between one year and two years, the SBI will pay 6.25% interest, as against 5.25% earlier.<\/p>\n<p>For deposits maturing between two and 10 years, the new rate is 6%, up from 5.25%.<\/p>\n<p>According to bank officials, Tuesday\u2019s rate changes will not make much difference to the SBI cost of funds as bulk deposits only constitute a small portion of the bank\u2019s total deposits.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>State Bank of India (SBI) increased on Tuesday interest rates on its domestic bulk term deposits by 75-140 basis points with immediate effect. This follows SBI\u2019s last November increase by 1% on bulk term deposits, defined as those for Rs 1 crore and above. Retail term deposit rates, for deposits below Rs 1 crore, continue [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":20405,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[410],"tags":[],"class_list":["post-20404","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/20404","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=20404"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/20404\/revisions"}],"predecessor-version":[{"id":20406,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/20404\/revisions\/20406"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/20405"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=20404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=20404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=20404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}