SBI: The country’s largest public sector bank SBI has given a gift to its crores of customers. The bank has increased the interest on FDs with periods ranging from 180 days to 210 days and from 211 days to less than one year. SBI has increased the interest on these FDs by 0.25 percent
SBI Bank FD Rate: The country’s largest public sector bank SBI has given a gift to its crores of customers. The bank has increased the interest on FDs with periods ranging from 180 days to 210 days and from 211 days to less than a year. SBI has increased the interest on these FDs by 0.25 percent. According to the new rules of RBI, now banks can increase the limit of up to Rs 2 crore to Rs 3 crore. These new rates of SBI Bank are for FDs up to Rs 3 crore. These new rates have come into effect from June 15, 2024.
FD Rates of State Bank of India (SBI)
- 7 days to 45 days: For general public – 3.50 percent; For senior citizens – 4 percent
- 46 days to 179 days: General public – 5.50 percent; Senior citizens – 6 percent
- 180 days to 210 days: General public – 6.25 percent; Senior citizens – 6.75 percent
- 211 days to less than 1 year: General public – 6.50 percent; Senior citizens – 7 percent
- 1 year to less than 2 years: General public – 6.80 percent; Senior citizens – 7.30 percent
- 2 years to less than 3 years: General public – 7.00%; Senior citizens – 7.50%
- 3 years to less than 5 years: General public – 6.75%; Senior citizens – 7.25%
- 5 years to 10 years: General public – 6.50%; Senior citizens – 7.50%.
- (Senior citizens get 0.50% extra interest under SBI WeCare FD on FDs of 5 to 10 years.)
