Would you want to place a fixed deposit at SBI? Understand the interest rates and further details of all the most recent programs

Would you want to place a fixed deposit at SBI? Understand the interest rates and further details of all the most recent programs

Would you want to place a fixed deposit at SBI? Understand the interest rates and further details of all the most recent programs

FD Interest rates at SBI: For FDs with terms ranging from seven days to ten years, elderly people may get interest rates from 4 to 7.60 percent at SBI, while consumers under 60 years old can receive rates from 3.50 to 7.10 percent. Additionally, the bank is providing loans up to 90% secured by FD.

Interest rates on fixed-rate deposits at State Bank of India (SBI): SBI is the biggest government bank in the nation. For its clients, the bank has unveiled new fixed deposit plans with the newest interest rates and other perks. In these programs, the bank offers interest rates as high as 7.60%. Customers under 60 may get interest rates on FDs from this bank ranging from 3.50 percent to 7.10 percent, while senior citizens can get interest rates from 4 to 7.60 percent. The bank offers FDs with terms ranging from seven days to ten years. In addition, SBI Tax Saving FD offers elderly people an annual interest rate of 7.50 percent and regular consumers an interest rate of 6.50 percent.

Interest on SBI Amrit Kalash up to 7.60%

Customers may earn 7.10 percent interest rate under the bank's 400-day special FD program (Amrit Kalash) starting on April 12, 2023. Under this program, seniors get 7.60 percent interest. This unique plan is available to you until March 31, 2024.

Regarding FDs worth less than Rs 2 crore, the bank has adjusted the interest rates. The revised prices will take effect on December 27, 2023. Tell us about the interest rates on various durations of FDs:

Interest rate during FD period (normal)Rate of Interest for Senior Citizens

From seven to forty-five days3.50 percent4%

From 46 to 179 days4.75% 5.25%

180–210 days5.75 percent6.25 percent

From 211 days to under a year6%6.50%

From one year until under two years6.80 percent7.30%

From two to less than three years7%7.50%

From three to less than five years6.75 percent7.25 percent

Five to ten years6.50%7.50%

By Amrit Kalash, 400 days 7.10% 7.60%

You are eligible for a 90% loan.

Senior folks may also take advantage of special discounts under SBI's new FD programs. The bank's senior citizen SBI WeCare Plan offers better returns than a standard FD. The SBI Green Rupee Term Deposit, on the other hand, has three distinct tenures: 1111 days, 1777 days, and 2222 days. The addition of a loan option to the new SBI FD plan is a unique feature. Clients may borrow up to 90% of the total amount due plus interest.