SBI FD Interest Rates - Rightsofemployees.com

SBI FD interest rate Cut: SBI reduces interest on FD for the second time, know how much return you will get now

Jyoti — Tue, 20 May 2025 09:58:36 +0000

SBI FD interest rate : The country’s largest bank SBI has again reduced interest rates on FDs. It has reduced interest rates by 0.20 percent on FDs of all tenors from 7 days to 10 years. This reduction has come into effect from May 16. Let’s know how much interest will be received on depositing money in SBI for how long, and on which tenure of FD will the highest interest be received.

According to the information given on the SBI website (SBI latest fixed deposit rates), interest rates have been reduced for both the general public and senior citizens on FDs of less than Rs 3 crore. A maximum interest rate of 6.7% will be given on FDs with a tenure of two years to less than three years (SBI FD highest interest rate tenure). After this, a maximum interest rate of 6.55% will be given on FDs with a tenure of three years to less than five years. Senior citizens will get 0.5% more interest than the general public for all tenures.

SBI has reduced the interest rate on 7-day FD from 3.5% to 3.3%. The country’s largest bank had also cut deposit rates by 0.1% to 0.25% last month.

According to the new rate implemented by the State Bank of India, FDs with a tenure of less than two to three years will now fetch 6.7% interest. Along with this, the interest rate on FDs with a tenure of less than three to five years has come down to 6.55%. Now, FDs with a tenure of 5 to 10 years will fetch 6.30% interest and this interest rate will be 6.5% on FDs with a tenure of less than one to two years.

The interest rate on SBI’s scheme ‘Amrit Vrishti’, which has a tenure of 444 days, has also been reduced. Earlier, this scheme was offering 7.05% interest, which has now been reduced to 6.85%. However, the additional benefits of interest on FD for senior citizens and citizens above 80 years of age will remain the same.

Earlier in April, SBI had reduced deposit rates by 0.10% to 0.25%. This decision came after the Reserve Bank of India (RBI) cut the repo rate by 0.25% for the second consecutive time. After this cut, the repo rate has now become 6%.

This step by the bank has been taken in view of the change in monetary policy and will have a direct impact on the returns investors get on their FDs.

The post SBI FD interest rate Cut: SBI reduces interest on FD for the second time, know how much return you will get now first appeared on Rightsofemployees.com.

SBI FD Interest Rates Hike: You will get 7% interest on FD of 211 days, check latest FD rates

Pravesh Maurya — Tue, 18 Jun 2024 04:06:15 +0000

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.

Also Read: Schools Closed: Holiday in all schools of Patna till 19 June, DM gave instructions

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%

The post SBI FD Interest Rates Hike: You will get 7% interest on FD of 211 days, check latest FD rates first appeared on Rightsofemployees.com.

SBI Amrit Kalash FD with higher rates ends soon, Know how many days are left

Pravesh Maurya — Wed, 06 Dec 2023 15:07:56 +0000

The huge earning scheme of the country’s largest lender State Bank of India is going to be closed. The name of this special scheme is ‘Amrit Kalash’. Which was launched as a fixed deposit.

The last date for closure of this scheme has been extended several times. According to the SBI website, this 400-day fixed deposit offers 7.1 percent interest for regular customers and 7.6 percent for senior citizens. The last date to invest in Amrit Kalash is December 31, 2023.

According to the SBI website, in this specific tenure scheme of 400 days, investors get 7.10 percent interest which is applicable from April 12, 2023. Whereas senior citizens get interest at 7.60 percent. This scheme will remain valid till 31 December 2023. Investments in SBI Amrit Kalash FD Scheme can be made through branch, INB, YONO channels, and SBI Special FD Scheme also has the facility of premature withdrawal and loan against deposit options.

SBI FD Interest Rates

State Bank of India offers interest rates between 3 per cent and 7 per cent (except Amrit Kalash) for amounts less than Rs 2 crore for general citizens. The interest rates offered to senior citizens are between 3.50 percent and 7.50 percent.

Tenure	Interest rate for general citizens ( in percent )	Interest rate for senior citizens ( in percent )
7 days to 45 days	3	3.5
46 days to 179 days	4.5	5
180 days to 210 days	5.25	5.75
211 days to less than 1 year	5.75	6.25
1 year to less than 2 years	6.8	7.3
2 years to less than 3 years	7	7.5
3 years to less than 5 years	6.5	7
up to 5 years and 10 years	6.5	7.50
400 days ( Amrit Kalash )	7.1	7.6

Payment of interest and what is the facility

Interest on special FD scheme is paid on maturity. Interest, after deducting TDS, will be deposited in the customer’s account. According to the SBI website, the interest on premature withdrawal will be 0.50 per cent to 1 per cent less than the rate applicable at the time of deposit for the deposit tenure with the bank or 0.50 per cent or 1 per cent less than the contracted rate, whichever is lower.

The post SBI Amrit Kalash FD with higher rates ends soon, Know how many days are left first appeared on Rightsofemployees.com.