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FD Rates in SBI: Fixed Deposit (FD) interest rates differ from bank to bank but State Bank of India (SBI) being the largest Indian commercial bank still attracts good traction among the bank depositors, especially in the rural parts of India. The FD rates in SBI have been recently changed and new FD interest rates at SBI have become effective from 8th January 2021. According to the official website of SBI — sbi.co.in, FD rates in SBI ranges from 2.90 per cent to 5.4 per cent depending upon the tenor chosen by the SBI fixed deposit investor.

FD rates in SBI

As mentioned above, FD interest rates at SBI range from 2.90 per cent to 5.40 per cent as different tenors fetch different FD interest rates. SBI offers FD interest rate in the range of 2.90 per cent to 5.4 per cent because FD interest rates are applicable on the basis of the tenure chosen by the bank depositor. As per the official website of the SBI — sbi.co.in — FD rates in SBI for the period of 7 days to 45 days is 2.90 per cent; for 46 days to 179 days and 211 days to less than 1 year tenors FD interest rate offered by the SBI is 3.90 per cent; for 180 days to 210 days tenor FD rates in SBI is 4.40 per cent; for 1 year to less than 2 year tenor SBI offers 5.00 per cent FD interest rate.

Source: sbi.co.in

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Similarly, for 2 years to less than 3 years tenor SBI FD interest rate is 5.10 per cent; for 3 years to less than 5 years tenor SBI FD interest rate is 5.30 per cent while for 5 years and up to 10 years tenor FD interest rate at SBI is 5.40 per cent.