The State Bank of India offers attractive fixed deposit rates to its customers and also offers additional interest in senior citizen’s fixed deposits.
SBI FD Interest Rates Below Rupees 2 Crores
Here are the summarized SBI FD Interest rates for domestic term deposit below rupees 2 crores with effect from 28/5/2020.
|Tenors||Existing Rates for Public w.e.f. 12.05.2020||Revised Rates For Public w.e.f. 27.05.2020||Existing Rates for Senior Citizens w.e.f. 12.05.2020||Revised Rates for Senior Citizens w.e.f. 27.05.2020|
|7 days to 45 days||3.30||2.90||3.80||3.40|
|46 days to 179 days||4.30||3.90||4.80||4.40|
|180 days to 210 days||4.80||4.40||5.30||4.90|
|211 days to less than 1 year||4.80||4.40||5.30||4.90|
|1 year to less than 2 year||5.50||5.10||6.00||5.60|
|2 years to less than 3 years||5.50||5.10||6.00||5.60|
|3 years to less than 5 years||5.70||5.30||6.20||5.80|
|5 years and up to 10 years||5.70||5.40||6.50||6.20|
SBI Fixed Deposit Interest Rates Above Rupees 2 Crores
For the deposits above rupees, 2 crores and more the following table shows the exact rate of fixed deposit with effect from 28/05/2020.
|Tenors||Existing Rates For Public w.e.f. 25.04.2020||Revised Rates For Public w.e.f 27.05.2020||Existing Rates for Senior Citizens w.e.f. 25.04.2020||Revised Rates for Senior Citizen w.e.f. 27.05.2020|
|7 days to 45 days||3.00||2.90||3.50||3.40|
|46 days to 179 days||3.00||2.90||3.50||3.40|
|180 days to 210 days||3.00||2.90||3.50||3.40|
|211 days to less than 1 year||3.00||2.90||3.50||3.40|
|1 year to less than 2 years||3.00||2.90||3.50||3.40|
|2 years to less than 3 years||3.50||3.00||4.00||3.50|
|3 years to less than 5 years||3.50||3.00||4.00||3.50|
|5 years and up to 10 years||3.50||3.00||4.00||3.50|
Premature payment of Bulk term deposits
A penalty of 1% of the regular interest rate will be deducted in case the customers opt for the pre-closure of their bulk term deposits.
This revised rate of interest is applicable on new term deposits as well as renewals with the given date of applicability.
The State Bank of India is a premier bank in the banking industries which provides attractive Fixed deposit interest rates for their customers and their Staff Pensioners.
For more details please visit the official website of the State Bank of India and You can also open NRE and NRI fixed deposit account with the state bank of India.
There are separate rates of interest for the NRE and NRI accounts maintained with the state bank of India.