SBI FD Rates: State Bank of India (SBI), the country’s largest public sector bank, has once again shocked its customers. The bank has reduced the interest of 0.20 per cent on most of its FDs. This interest is on FD of less than Rs 3 crore. The new SBI bank’s new rates have come into effect from 16 May. Since the RBI reduced the repo rate twice, most banks have been losing interest on FDs.
SBI FD Rates
SBI Bank is offering FDs from 7 days to 10 years. The bank is paying maximum interest to senior citizens at a FD of 5 to 10. The interest on this FD is 7.30 percent.
State Bank of India Latest Interest Rate on FD
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 – 6.00 percent
180 days to 210 days: for general public – 6.05 percent; For Senior Citizen – 6.55 percent
211 days to less than 1 year: for general public – 6.30 percent; For Senior Citizen – 6.80 percent
Less than 1 year to 2 years: for general public – 6.50 percent; For Senior Citizen – 7.00 percent
Less than 2 years to 3 years: for general public – 6.70 percent; For Senior Citizen – 7.20 percent
Less than 3 years to 5 years: for general public – 6.55 percent; For Senior Citizen – 7.05 percent
From 5 years to 10 years: for general public – 6.30 percent; For Senior Citizen – 7.30 percent.
Government will give discounts to customers on payment from UPI! This will be so much on payment of 100 rupees