SBI FD Rates: State Bank of India (SBI), the country’s largest public sector bank, has reduced interest on fixed deposit. The bank has reduced the interest of 0.10 per cent on FD. This interest is on FD of less than Rs 3 crore. New rates of SBI Bank will be applicable from April 15 tomorrow. 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 7.50 percent.
After reducing the repo rate of RBI, most banks are decreasing interest rates on FDs. So far, many banks like Yes Bank, HDFC Bank, Bank of Baroda, Indian Bank have reduced interest on FDs. Now the name of SBI Bank has also been included in this count.
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 – 6.25 percent; For Senior Citizen – 6.75 percent
211 days to less than 1 year: for general public – 6.50 percent; For Senior Citizen – 7 percent
Less than 1 year to 2 years: for general public – 6.70 percent; For Senior Citizen – 7.20 percent
Less than 2 years to 3 years: for general public – 6.90 percent; For Senior Citizen – 7.40 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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