New Delhi: Within a week, the country's largest state-owned bank SBI has dealt a second blow to customers. A few days ago SBI had cut the interest rates of fixed deposits i.e. FD, now the bank has also reduced interest on RD or Recurring Deposit. Now SBI customers will get 0.15% less interest than before. Now the interest rates on RD account of 1 to 10 years duration have been reduced from 6.25% to 6.10%. These new rates have also come into effect from 10 January.

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It is considered to be the best investment option available for the common people. In this, you have to pay a fixed amount continuously for a fixed period. As soon as the period ends, you get all your money back with profits. According to the information given on the SBI website, the deposit amount starts from Rs 100, while the maximum limit for investment is not fixed. That is, you can invest the maximum amount.

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The interest rate on FD of 1 year to 10 years has been reduced from 6.25% to 6.10%. SBI Bank has reduced interest rates on this FD. More than one year and less than 2 years, more than 2 years and less than 3 years, more than 3 years and less than 5 years and an FD rate of 5 to 10 years is 6.10%.

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