**w, State Bank of India cuts rate on fixed deposits
 

http://img-s-msn-com.akamaized.net/t...6&q=60&o=f&l=fThe interest rate on State Bank of India's (SBI) one-year fixed deposits for less than Rs 1 crore has dropped to a seven-year low of 6.75% after the country's largest bank trimmed the rate by 15 basis points (bps) earlier this month.

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