In a span of just 2 months, the state-run lender has again hiked rates on bank FDs by up to 25 basis points. The new rates are effective from May 28, 2018. For a select 4 maturities, the lender has raised deposit rates for deposits below Rs. 1 crore.
It is to be noted that last time the rates were hiked in March effective March 28, 2018. Also some revisions have also been made in case of bulk deposits between Rs. 1 crore and Rs. 10 crore and those over Rs. 10 crores.