Low Bank fixed deposit (Bank FD) returns have made them unattractive for most investors. Bank FD interest rates have fallen to the levels as seen in 2004-05. SBI Bank is offering interest rates between 2.9% and 5.4% across different tenures. The current bank FD interest rates are almost at par with the savings bank account. In fact for shorter duration, the bank FDs offer lower interest than bank savings account.
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