SBI Fixed Deposit New Interest Rates: FD interest rates have been increased through State Bank of India. State Bank of India offers attractive interest rates on fixed deposits for tenors ranging from 7 days to 10 years along with many attractive features and benefits. Senior citizens are offered an additional interest rate of up to 0.8%. And interest rates for the general public 2.90% per annum 5.40% up to a year.
FDs are by far the most trusted way to save for customers of all age groups due to their guaranteed returns feature. The bank offers attractive interest rates on the deposits of the customers for the tenure as chosen by the customers.
See what is the interest rate of the new FD
Given below are the interest rates for domestic fixed deposits below Rs 2 crore.
|Tenure||Interest Rates for Regular Customers||Interest Rates for Senior Citizens|
|7 days to 45 days||2.90%||3.40%|
|46 days to 179 days||3.90%||4.40%|
|180 days to 210 days||4.40%||4.90%|
|211 days to less than 1 year||4.40%||4.90%|
|1 year to less than 2 years||5.00%||5.50%|
|2 years to less than 3 years||5.10%||5.60%|
|3 years to less than 5 years||5.30%||5.80%|
|5 years and up to 10 years||5.40%||6.20%|
Types of SBI Fixed Deposit Scheme
State Bank of India offers its customers to make various types of fixed deposits. Through these different schemes, customers can get different benefits. The details of all the fixed deposit schemes offered to the customers through SBI are as follows.
- SBI Term Deposit
- SBI Tax Saving Scheme
- SBI Fixed Deposit Investment Plan
- SBI Annuity Deposit Scheme
- SBI Wecare
Term Wise State Bank Of India FD Interest Rate
SBI Short Term Deposit – Accounts are opened with a tenure of 7 days to 1 year. In this, the interest amount is offered to the customers in the range of 2.90% to 4.40% p.a.
SBI Medium Term Deposit – The tenure for making a fixed deposit ranges from 1 year to 5 years. In this, interest is given to the customers ranging from 5.00% p.a. to 5.30% p.a.
Under SBI Long Term Deposit , interest at the rate of 5.40% is paid to the consumers. The tenure of fixed deposits in this ranges from 5 years to 10 years.
Senior Citizen Fixed Deposit – Additional interest up to 0.80% per annum is offered to senior citizens for making fixed deposits in SBI. The interest rate on fixed deposits for senior citizens ranges from 3.40% to 6.20% p.a.