SBI has announced an increase in its fixed deposit interest rates for retail deposits (up to Rs 2 crore)
Here are the latest SBI fixed deposit interest rates.(Rates in % p.a)
Tenor : 7 days to 45 days
Revised Rates for Public – 3.50 % p.a | Revised Rates for Senior Citizen- 4.00 % p.a
Tenor :46 days to 179 days
Revised Rates for Public – 5.50 % p.a | Revised Rates for Senior Citizen- 6.00 % p.a
Tenor : 180 days to 210 days
Revised Rates for Public – 6.00 % p.a | Revised Rates for Senior Citizen- 6.50 % p.a
Tenor : 211 days to less than 1 year
Revised Rates for Public – 6.25 % p.a | Revised Rates for Senior Citizen- 6.75 % p.a
Tenor : 1 Year to less than 2 years
Revised Rates for Public – 6.80 % p.a Revised Rates for Senior Citizen- 7.30 % p.a
Tenor :2 years to less than 3 years
Revised Rates for Public – 7.00 % p.a | Revised Rates for Senior Citizen- 7.50 % p.a
Tenor : 3 years to less than 5 years
Revised Rates for Public – 6.75 % p.a | Revised Rates for Senior Citizen- 7.25 % p.a
Tenor : 5 years and up to 10 years
Revised Rates for Public – 6.50 % p.a | Revised Rates for Senior Citizen- 7.50* % p.a
*Including additional premium of 50 bps under ”SBI We-care” deposit scheme.
The new fixed deposit rates are effective from May 15, 2024, as stated on the SBI website.
Source : State Bank of India Official Website