FD Rates: State Bank of India (SBI), the country’s largest public sector bank, is mostly the first choice of Indians for opening Fixed Deposit (FD). Its share in the total fixed deposits made in government banks is 36 percent. However, this Diwali the bank has shocked the customers.
FD Rates: State Bank of India (SBI), the country’s largest public sector bank, is mostly the first choice of Indians for opening Fixed Deposit (FD). Its share in the total fixed deposits made in government banks is 36 percent. However, this Diwali the bank has shocked the customers. SBI Bank has not revised Fixed Deposit from February 2023. SBI has neither increased nor reduced the interest on FD since then. SBI is currently offering this much interest on FD.
Interest rates on SBI’s FD
- 7 days to 45 days FD: The bank is giving 3% interest to the general public and 3.50% interest to senior citizens.
- FD of 46 days to 179 days: The bank is giving 4.5% interest to the general public and 5% interest to senior citizens.
- 180 days to 210 days FD: The bank is giving 5.25% interest to the general public and 5.75% interest to senior citizens.
- FD from 211 days to less than 1 year: The bank is giving 5.75% interest to the general public and 6.25% interest to senior citizens.
- FD of 1 year to less than 2 years: The bank is giving 6.8% interest to the general public and 7.30% interest to senior citizens.
- FD from 2 years to less than 3 years: The bank is giving 7% interest to the general public and 7.50% interest to senior citizens.
- FD from 3 years to less than 5 years: The bank is giving 6.5% interest to the general public and 7% interest to senior citizens.
- FD of 5 years and up to 10 years: The bank is giving 6.5% interest to the general public and 7.5% interest to senior citizens.
SBI’s Amrit Kalash Scheme
The country’s largest public sector bank SBI is also offering special FD of 400 days to its customers. The name of this scheme is ‘SBI Amrit Kalash’. Under the scheme of SBI, general customers are getting 7.10% interest on 400 day FD and senior citizens are getting 7.60% interest. Under this scheme you can invest up to Rs 2 crore.
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