State Bank of India Revises Interest Rates On Fixed Deposits (FDs); Full Details Here

There is great news for those who have an account in the country’s largest bank, SBI - State Bank of India. If you also have an account in SBI, then now you will get the benefit of more interest on Fixed Deposits. SBI recently has increased the interest rates of fixed deposits. SBI customers can now get the facility of FD from 7 days to 10 years from the bank.  Read on to know more about the latest rates.

Customers To Get More Benefit

SBI customers have increased the interest rate on fixed deposits of 7 to 45 days from 2.90% to 3 % i.e. now you will get more benefit of 10 basis points. At the same time, the senior citizens will now get the benefit of 3.50% interest instead of 3.40%.

How Much Interest You Will Get on 210 Days FD 

Apart from this, if we talk about FD of 180 to 210 days, then customers were getting interests at the rate of 3% earlier. At the same time, now it has been increased to 3.10%. 

FD of 1 - 2 Years

The bank was giving interest at the rate of 4.90% earlier to the customers on FDs ranging from 1 year to 2 years, but now it has been increased to 5%. The senior citizens will now get interests at the rate of 5.50% instead of 5.40%.

No change In FD of 2 - 3 Years 

If you take an FD for 2 to 3 years, then you will get the interest of 5.10% only, there is no change in the interest of the bank FD for this period.

At the same time, senior citizens will get interest at the rate of 5.60% during this period.

Note – A large number of people from the farming community have accounts in the State Bank of India hence this information is for them.