SBI FD Rate Hike: The country’s largest bank SBI will now get more returns on FD.
SBI FD Rate Hike: The country’s largest bank SBI will now get more returns on FD (Fixed Deposit). The bank has announced a higher rate of interest on FD, but this increase has not increased for all tenures. According to the information given on SBI’s website, FDs less than Rs 2 crore and maturing in 211 days to three years will now get 0.15-0.20 percent more interest. The increased rates have become effective from today i.e. from June 14.
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No hike in FD rates for all tenures
The bank has not made any change in the interest rates on FDs from seven days to 210 days. Above this i.e. the interest rate on FDs ranging from 211 days to less than 2 years has increased by 0.20 per cent and for tenures ranging from two years to less than three years, the interest rate has increased by 0.15 per cent. There is no change in the interest rate for FDs ranging from three years to 10 years. The complete details of the new rates are being given below.
SBI FD Rates
| Duration | effective rates | Effective 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 |
| More than 211 days but less than 1 year | 4.60 | 5.10 |
| More than 1 year but less than 2 years | 5.30 | 5.80 |
| More than 2 years but less than 3 years | 5.35 | 5.85 |
| More than 3 years but less than 5 years | 5.45 | 5.95 |
| Above 5 years and up to 10 years | 5.50 | 6.30 |
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