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A number of special fixed deposit schemes offering up to eight per cent return from leading banks are also set to expire next month.
Loan, deposit growth gap at 10-year high
Interest rate sensitive stocks traded in a narrow range. Realty stocks, however, bucked the trend with the Nifty Realty index rallying over 1 per cent post the development.
For deposits of up to five years, interest rates are 4% as compared to 3.93%
SBI continues to offer 4 per cent interest on savings account balance of Rs 1 crore and above