SBI has increased the interest rate on FD. The country’s largest government bank has increased interest on retail deposits up to Rs 2 crore and bulk deposits above Rs 2 crore. Know how much interest you will get now…
New Delhi: The country’s largest government bank SBI has increased the interest rate on fixed deposits (SBI FD). This increase has been made on retail deposits up to Rs 2 crore and bulk deposits above Rs 2 crore. The new interest rates on FD have become effective from today. The bank has increased the FD interest rate by 75 basis points on deposits maturing between 46 days to 179 days. Now it has been increased from 4.75 percent to 5.50 percent. For senior citizens, the bank has increased the interest rate on FD for this tenure from 5.25% to six percent. According to the SBI website, the bank has increased the interest rate by 25 bps for the tenure of 180 days to 210 days. . The interest rate for common people has been increased from 5.75 percent to six percent. FDs for tenure from 211 days to less than one year will now get 6.25% interest instead of 6%. For senior citizens, it has been increased from 6.50 percent to 6.75 percent.
Bulk Deposit
The bank has increased the interest rate on bulk deposits by 25 percent for tenure of seven to 45 days. Now they will get 5.25% interest instead of five percent. For senior citizens, the interest has been increased from 5.50 percent to 5.75 percent. Similarly, for tenure of 46 days to 179 days, interest will be 6.25 percent instead of 5.75 percent. The bank has increased the interest for senior citizens from 6.25 percent to 6.75 percent. The interest rate has been increased by 10 bps for tenure from 180 days to 210 days. Common people will get 6.6 percent interest and senior citizens will get 7.10 percent interest.
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