SBI FD: State Bank of India revises fixed deposit interest rate; check at sbi.co.in for latest update

SBI FD Interest Rates: The State Bank of India (SBI) has revised its fixed deposit (FD) interest rates in select maturity tenor. The new SBI FD rates have become applicable from 8th January 2020 on all retail FDs less than Rs 2 crore.

SBI has raised the FD yield by 10 bps on Fixed Deposits for one year to less than two years. Proposed SBI FD rates will be applicable on fresh deposits and renewed maturing deposits. Photo: Reuters

SBI FD Interest Rates: The State Bank of India (SBI) has revised its fixed deposit (FD) interest rates in select maturity tenor. The new SBI FD rates have become applicable from 8th January 2020 on all retail FDs less than Rs 2 crore. The largest Indian commercial bank has raised the FD yield by 10 bps on Fixed Deposits for one year to less than two years. Proposed SBI FD rates will be applicable on fresh deposits and renewed maturing deposits. Latest SBI FD on each tenor can be checked online at sbi.co.in.

Now, SBI FD for 7 days to 45 days will yield 2.90 per cent return while SBI FD rate for 46 days to 179 days will yield 3.9 per cent returns. SBI FD interest rates for 180 days to 210 days and 211 days to less than 1 year will get 4.40 per cent interest.

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SBI FD interest rate for 1 year to less than 2 year tenor will yield 4.90 per cent return instead of 4.8 per cent.

SBI FD for 2 years to less than 3 years tenor will grow at 5.10 per cent per annum, SBI FD for 3 years to less than 5 years tenor will grow at 5.30 per cent per annum while SBI FD for 5 years and up to 10 years will attract 5.40 per cent per annum interest rate.

List of SBI FD Interest Rate on Various Tenor

Source: sbi.co.in

The State Bank of India declared on its official website — sbi.co.in that SBI FD for senior citizens will continue to yield 0.5 per cent more on each tenor.

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