SBI FD Interest Rates

SBI Revises Fixed Deposit (FD) Interest Rates

State Bank of India (SBI) has revised interest rates on its fixed Deposits (FD) on select maturities, with effect from 10 September. The bank has slashed the interest rates on fixed deposits (FDs) for 1 year to less than 2 year by 20 basis points (bps). The proposed rates of interest shall be made applicable to fresh deposits and renewals of maturing deposits. SBI had earlier revised interest rates on fixed deposits on 27 May.

You can get more details on SBI FDs on this Link

SBI FD interest rates for general public effective 10 September, 2020

TenureInterest Rate
7 Days to 45 Days2.9 %
46 Days to 179 Days3.9%
180 Days to 210 Days4.4%
210 Days to 364 Days4.4%
1 Year to Less than 2 Years4.9%
2 Years to Less than 3 Years5.1%
3 Years to Less than 5 Years5.3%
5 Years to up to 10 Years5.4%

SBI FD interest rates for senior citizens effective 10 September, 2020

TenureInterest Rate
7 Days to 45 Days3.4 %
46 Days to 179 Days4.4%
180 Days to 210 Days4.9%
210 Days to 364 Days4.9%
1 Year to Less than 2 Years5.4%
2 Years to Less than 3 Years5.6%
3 Years to Less than 5 Years5.8%
5 Years to up to 10 Years6.2%

Feel free to Contact Us if you need any more clarification.

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