The SBI also offers additional 50 basis points interest rate to its senior citizen customers across all tenures. With the latest revision, the senior citizens are being offered between 3.5 per cent to 7.25 per cent on the fixed deposits maturing in seven days to ten years.
According to the State Bank of India website, the overnight to three-month rate has been increased from 7.35 per cent to 7.60 per cent. On the other hand, the six-month lending rate has gone up to 7.90 per cent, the one-year MCLR rate from 7.70 per cent to 7.95 per cent.
The video shared by SBI cites an example of a scam message claiming that a customer's power supply will be disconnected very soon, asking him/her to immediately call a concerned ‘electricity officer’.