State Bank Of India Fixed Deposits: Latest Interest Rates On Offer
Fixed deposits or FDs - one of the most assuring forms of investment - offer attractive interest rates. The largest lender of the country, State Bank of India (SBI), revised its fixed deposit interest rates just before the start of the new financial year - 2018-19 - on March 28. As the new financial year has just started on April 1, it is imperative for you to know what SBI offers as interest rates on fixed deposits. Other leading banks often follow SBI and change their interest rates accordingly.
(Also Read: How SBI Fixed Deposit Holders Can Submit Forms Online To Avoid TDS)
Here are the interest rates offered by State Bank of India (SBI) on fixed deposits (FDs) of various tenures:
1. Revision in Interest Rates On Retail Domestic Term Deposits (Below Rupees One Crore) w.e.f. 28.03.2018
The interest rates for Retail Domestic Term or Fixed Deposits 'Below Rupees One Crore' were revised with effect from 28.03.2018.The revised interest rates, according to SBI's website, sbi.co.in, are as under:
(All figures in % per annum)
Tenors Existing for Public w.e.f. 28.02.2018 Revised For Public w.e.f. 28.03.2018 Existing for Senior Citizens w.e.f. 28.02.2018 Revised for Senior Citizens w.e.f. 28.03.2018 7 days to 45 days 5.75 5.75 6.25 6.25 46 days to 179 days 6.25 6.25 6.75 6.75 180 days to 210 days 6.35 6.35 6.85 6.85 211 days to less than 1 year 6.4 6.4 6.9 6.9 1 year to less than 2 year 6.4 6.4 6.9 6.9 2 years to less than 3 years 6.5 6.6 7 7.1 3 years to less than 5 years 6.5 6.7 7 7.2 5 years and up to 10 years 6.5 6.75 7 7.25
Tenors Existing w.e.f. 28.02.2018 Revised w.e.f 28.03.2018 Existing for Senior Citizen w.e.f 28.02.2018 Revised for Senior Citizen w.e.f. 28.03.2018 7 days to 45 days 5.75 5.75 6.25 6.25 46 days to 179 days 6.7 6.7 7.2 7.2 180 days to 210 days 6.7 6.7 7.2 7.2 211 days to less than 1 year 6.75 6.75 7.25 7.25 1 year to less than 2 years 6.75 7 7.25 7.5 2 years to less than 3 years 6.75 6.75 7.25 7.25 3 years to less than 5 years 6.65 6.65 7.15 7.15 5 years and upto 10 years 6.25 6.25 6.75 6.75
Tenors Existing w.e.f. 28.02.2018 Revised w.e.f 28.03.2018 Existing for Senior Citizen w.e.f 28.02.2018 Revised for Senior Citizen w.e.f. 28.03.2018 7 days to 45 days 5.75 5.75 6.25 6.25 46 days to 179 days 6.7 6.7 7.2 7.2 180 days to 210 days 6.7 6.7 7.2 7.2 211 days to less than 1 year 6.75 6.75 7.25 7.25 1 Year to less than 2 year 6.75 7 7.25 7.5 2 years to less than 3 years 6.75 6.75 7.25 7.25 3 years to less than 5 years 6.65 6.65 7.15 7.15 5 years and up to 10 years 6.25 6.25 6.75 6.75
