State Bank of India, the country's largest bank, offers annual interest rate of up to maximum of 5.4 per cent on fixed deposits accounts below Rs 2 crore to general public, according its website https://www.sbi.co.in. The bank offers an additional interest of 50 basis points or 0.5 per cent to senior citizens compared to the interest rate offered to general public. For retail domestic fixed deposits up to Rs 2 crore, SBI pays interest rates in the range of 2.9-5.40 per cent to the general public over a maturity period of seven days to 10 years, the bank stated on its website. The lender last revised its FD interest rates on January 8, 2020.
Below Are The Interest Rates Offered By Sbi On Fixed Deposits Below Rs 2 Crore:
Source: https://www.sbi.co.in/
Currently, SBI offers retail domestic term deposits in eight options of terms, ranging from seven days to 10 years.
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