SBI FD Interest Rates Hike: SBI has increased the interest rates on FDs of certain tenures. The new rates have become effective from June 15, 2024.
If you want to invest in Fixed Deposit i.e. FD, then this news is useful for you. Actually, the country’s largest government bank, State Bank of India (SBI) has given great news to its investors. The bank has increased the interest rate on Fixed Deposit i.e. FD. SBI has increased the interest rates on FD of less than Rs 3 crore. The new rates have become effective from June 15, 2024. Now SBI investors can get more profit on FD.
SBI has increased the interest rate by 25 basis points (0.25%) on deposits of certain durations. The bank has increased the interest rate on FDs maturing in 180 days to 210 days and 211 days to less than one year.
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SBI FD Rates –
- 7 days to 45 days: For general public – 3.50 per cent; For senior citizen – 4 per cent
- 46 days to 179 days: For general public – 5.50 per cent; For senior citizen – 6 per cent
- 180 days to 210 days: For general public – 6.25 per cent; For senior citizen – 6.75 per cent
- 211 days to less than 1 year: For general public – 6.50 per cent; For senior citizen – 7 per cent
- 1 year to less than 2 years: For general public – 6.80 per cent; For senior citizen – 7.30 per cent
- 2 years to less than 3 years: For general public – 7.00 per cent; For senior citizen – 7.50 per cent
- 3 years to less than 5 years: For general public – 6.75 per cent; For senior citizen – 7.25%
- 5 years to 10 years: For general public – 6.50%; For senior citizen – 7.50%
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