new delhi state bank of india sbi the countrys largest lender has increased interest rates on its fixed deposits for tenors between 1 year and 2 years by 25 basis points bps it also increased rates on its 2 year to 3 year fixed deposits fds by 5 bps the new interest rates will be applicable for deposits below rs 1 crore and is effective from may 28 sbi fd rateshere are the revised interest rates for different tenors being offered by sbi it may be recalled that last month hdfc bank had also hiked interest rates on its fds for select tenors below rs 1 crore despite the hike in interest rates by sbi hdfc banks fds still earn higher rate of interest hdfc bank fd rateshere are the latest interest rates for different tenors being offered by hdfc bank et online axis bank fd ratesaxis bank has also revised interest rates for select tenors with effect from june 1 for tenure ranging from 12 months 5 days to 12 months 11 days it is offering 740 percent on deposits below rs 1 crore here are the latest interest rates for different tenors being offered by axis bank et online