SBI: State Bank of India (SBI), the country’s largest public sector, has given millions of customers a gift before Holi. SBI has announced new loan interest rates (MCLR). This time SBI has not made any changes in MCLR. MCLR is the rate that cannot give loan to the bank customer at low interest. Customers benefit from the decrease or not increasing the MCLR. That is, it has a direct effect on home loan, personal loan, car loan EMI. These new rates have been implemented from 15 March 2025. This new MCLR rate is from 15 March 2025 to 15 April 2025.
Now these are new MCLR rates from March 2025
SBI has not increased the MCLR rate. It is intact at the previous rates. The base landing rate of SBI ranges from MCLR 8.20 to 9.10 percent. Overnight MCLR rate is 8.20 percent. MCLR directly affects the EMI of your home and car loan. New loans become expensive due to increase in MCLR rates. Also, EMI of your home and car loan increases.
| Period | Current MCLR (%) | Revised MCLR (in%) |
|---|---|---|
| Overnight | 8.20 | 8.20 |
| One month | 8.20 | 8.20 |
| Three months | 8.55 | 8.55 |
| Six months | 8.90 | 8.90 |
| One year | 9.00 | 9.00 |
| 2 years | 9.05 | 9.05 |
| 3 year | 9.10 | 9.10 |
State Bank of India (SBI) FD Rates
7 days to 45 days: for general public – 3.50 percent; For Senior Citizen – 4 percent
46 days to 179 days: for general public – 5.50 percent; For Senior Citizen – 6 percent
180 days to 210 days: for general public – 6 percent; For Senior Citizen – 6.50 percent
211 days to less than 1 year: for general public – 6.25 percent; For Senior Citizen – 6.75 percent
Less than 1 year to 2 years: for general public – 6.80 percent; For Senior Citizen – 7.30 percent
Less than 2 years to 3 years: for general public – 7.00 percent; For Senior Citizen – 7.50 percent
Less than 3 years to 5 years: for general public – 6.75 percent; For Senior Citizen – 7.25 percent
From 5 years to 10 years: for general public – 6.50 percent; For Senior Citizen – 7.50 percent.
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