State Bank of India– SBI, : The country’s largest government bank, has given great news to its millions of customers.
SBI has increased interest rates on fixed deposits of select maturity period.
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New Delhi: State Bank of India, the country’s largest government bank, has given great news to its millions of customers. SBI has increased the interest rates on fixed deposits of select maturity period. The bank has increased interest by up to 10 basis points on FDs interest rates ranging from one to two years. The new rates have come into effect from 8 January 2021. Let us check the latest rates –
SBI has said that these rates have come into effect from January 8 on retail FDs below Rs 2 crore. Before that, the interest rates were revised on September 10.
Check latest FDs rates-
>> Interest will be given on the rate of 2.9% on FD of 7 days to 45 days.
>> On FD of 46 days to 179 days, interest will be given at the rate of 3.9 percent.
>> For FDs less than 1 year from 180 days, interest will be given at the rate of 4.4 percent.
>> From 211 days, FDs less than 1 year will get interest at the rate of 4.4 percent.
>> FDs below 1 year to 2 years will get 5% interest.
>> FDs below 2 to 3 years will get interest at the rate of 5.1 percent.
>> FDs of 3 to 5 years will get interest at the rate of 5.3 percent.
>> FDs of 5 years and 10 years will get interest at the rate of 5.4 percent.
How much interest will be paid to senior citizens
Talking about senior citizens, they get 50 basis points more interest than ordinary customers. According to the amendment made by the bank, senior citizens will get about 3.4 per cent to 6.2 per cent interest on FDs maturing from 7 days to 10 years. Come check rates –
>> 3.4 percent on FD of 7 days to 45 days
>> 4.4 percent on FDs of 46 days to 179 days
>> 4.9 per cent on FD of 180 days to 210 days
>> 4.9 per cent on FDs less than 1 year from 211 days
>> 5.5 per cent on FDs ranging from 1 to 2 years
>> 5.6 on FDs below 2 to 3 years Percent
>> 5.8 per cent on FDs below 3 to 5 years
>>6.2 per cent on FDs up to 5 years and 10 years
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