The new rates have come into effect from May 16, 2025. The bank has cut FD rates by 20 basis points, i.e., 0.20 per cent, for all tenures. SBI had also cut interest rates on April 15 last month.

Mutual fund inflows surge as banks cut fixed deposit rates, with RBI's soft interest rate regime boosting economy.

Inflows into mutual funds (MFs) have been increasing steadily in the wake of banks cutting fixed deposit rates. The MF inflows are expected to gather further pace in the coming months as the RBI has ...