This is the interest rate offered by the State Bank of India, the country’s largest lender, on fixed deposit (FD) in the 3- to 10-year maturity basket, effective from 1 September 2016. SBI’s FD interest rate is 90 basis points lower than 5-year post office term deposit rates. SBI’s one-year to three-year FD rate is the range of 7%-7.50%, which was last seen in 2010. Even the major private sector banks are offering better interest rates in the range of 7-7.25%. An investment is good when it yields a positive return post tax and post inflation.

Source: Mint September 15, 2016 16:07 UTC