Fixed Deposit Rate Of Interest In SBI

Sir I want to deposit an amount in the State Bank of India so can you please tell em that what is the fixed deposit rate of interest in State Bank of India SBI so can you tell me the same

[Pathak]

Hey buddy the State Bank of India is an Indian multinational, public sector banking and financial services company.

It is a government-owned corporation with its headquarters in Mumbai, Maharashtra


Well most banks offer higher rates of interest for senior citizens, with SBI the rates of interest range from 5% for a 30 day term to 7.25% for a 5 year FD.

The rate of interest is increased by 0.25% for senior citizens.


Domestic Term Deposits

The revised interest rates for Retail Domestic Term Deposits ‘Below Rupees One Crore effective from the 05.10.2015 would be as under:

(All figures in % per annum)

Tenors Existing for Public Revised For Public Existing for Senior Citizens Revised for Senior Citizens

7 days to 45 days 5.50 5.25 5.75 5.50

46 days to 179 days 6.75 6.50 7.00 6.75

180 days to 210 days 7.00 6.75 7.25 7.00

211 days to less than 1 year 7.25 7.00 7.50 7.25

1 year to 455 days 7.50 7.25 7.75 7.50

456 days to less than 2 years 7.75 7.50 8.00 7.75

2 years to less than 3 years 7.75 7.50 8.00 7.75

3 years to less than 5 years 7.25 7.00 7.50 7.25

5 years and up to 10 years 7.25 7.00 7.50 7.25