India’s largest bank State Bank of India (SBI) has reduced its NRE/NRO, Senior Citizen, Domestic Term Deposit Rates by 0.25% for certain tenures from June 08, 2012. SBI will offer 7% for fixed deposits up to six months as against 7.25%. On seven-to-eight month deposits, rates have been reduced to 7.25% from 7.5%. Long-term rates have been [...]