SBI Fixed Deposit New Rate: SBI has also joined the list of banks increasing the interest rates on Fixed Deposit (FD).
SBI Fixed Deposit New Rate: SBI has also joined the list of banks increasing interest rates on Fixed Deposit (FD). India’s largest public sector bank State Bank of India (SBI) has increased the interest rates on Fixed Deposit (FD) with a tenure of more than 2 years. Let us know how much benefit you will get on increasing interest.
So much interest
According to the bank’s website, the revised interest rates have come into effect from February 15. The interest rates on FDs of 2-3 years have been increased to 5.20% from 5.10% earlier. Meanwhile, FD interest rates for 2-5 years have been increased by 15 basis points to 5.45%. Earlier, interest was available on these at the rate of 5.30% per cent.
Now these are the new interest rates
For FDs with tenures of 5-10 years, the interest rates have been revised to 5.50%. The revised interest rates will be applicable on fixed deposits of less than Rs 2 crore. There has been no change in the interest rates on short-term FDs. Interest is available at the rate of 5.10% on FDs ranging from 1 to 2 years.
No change in these
Rates on FDs with tenure of 211 days-1 year are currently kept at 4.40%. No changes have been made to this. The interest rate for FDs with a tenure of 180-210 has also been kept at 4.40%, which has also not been changed.
