SBI FD Interest Rates: All your Fixed Deposits questions answered here

SBI Fixed Deposit Interest Rates: The country's largest lender State Bank of India (SBI) has some news for its FD customers. Now, the fixed deposit holder is going to get up to 20-25 basis points lesser interest on their fixed deposits from now onwards. Notably, the new rate of interest came into effect from 10 September 2019. The Bank revised its interest rates on fixed deposits earlier this month, it currently pays interest at the rates of 4.50-6.50 per cent on fixed deposits up to Rs. 2 crore to the public, and 5-7 per cent to senior citizens, according to its website - sbi.co.in.

State Bank of India (SBI):
SBI latest FD interest rates (below ₹2 crore) for the general public:

7 days to 45 days - 4.50%

46 days to 179 days - 5.50%

180 days to 210 days - 5.80%

211 days to less than 1 year - 5.80%

1 year to less than 2 year - 6.50%

2 years to less than 3 years - 6.25%

3 years to less than 5 years - 6.25%

5 years and up to 10 years - 6.25%

SBI latest FD interest rates (below ₹2 crore) for the Senior citizen:
Compared with others, SBI pays a 50-basis-point (0.5 percentage point) higher return to senior citizen.

7 days to 45 days - 5%

46 days to 179 days - 6%

180 days to 210 days - 6.30%

211 days to less than 1 year - 6.30%

Watch Zee Business video below:

1 year to less than 2 years - 7%

2 years to less than 3 years - 6.75%

3 years to less than 5 years - 6.75%

5 years and up to 10 years - 6.75%