SBI FD interest rates: The countrys largest bank pays a 0.5% higher return to senior citizen depositorsSBI or State Bank of India, the country's largest lender, currently offers eight maturity options of fixed deposits (also known as term deposits).
State Bank of India (SBI) provides eight terms for domestic fixed deposit (FD) - or term deposit - accounts, ranging from seven days to 10 years, according to the bank's corporate website - sbi.co.in.
It has classified its fixed deposits (FD) into three categories: up to Rs 2 crore, Rs 2 crore-Rs 10 crore, and above Rs 10 crore.
SBI pays interest on fixed deposits at the rates of 5.75-7.35 per cent per annum to its customers.
In all three categories, SBI pays 0.5 per cent higher returns to senior citizen depositors, according to the SBI website.( SBI Monthly Balance Guidelines For Savings Account Holders Explained)Here's a lowdown of all you need to know to open a fixed deposit (FD) account at SBI (SBI FD maturities, interest rates for general public/senior citizens etc.):SBI interest rates for FDs up to Rs 2 croreState Bank of India (SBI) pays interest rates to the tune of 5.75-6.85 per cent to the general public on retail domestic term deposits below Rs 2 crore with effect from February 22, according to its website.Maturity period (FD term)Interest rate with effect from February 22, 2019For publicFor senior citizen7 days to 45 days5.75%6.25%46 days to 179 days6.25%6.75%180 days to 210 days6.35%6.85%211 days to less than 1 year6.40%6.90%1 year to less than 2 year6.80%7.30%2 years to less than 3 years6.80%7.30%3 years to less than 5 years6.80%7.30%5 years and up to 10 years6.85%7.35%(Source: sbi.co.in)For senior citizen customers, interest rates of 6.25-7.35 per cent are applicable in this category.SBI interest rates for FDs of Rs 2 crore-Rs 10 croreSBI pays interest rates in the range of 5.75-6.85 per cent to the general public, and 6.25-7.35 per cent to senior citizens, on domestic bulk term deposits (FDs) between Rs 2 crore and Rs 10 crore, according to the SBI website.Maturity period (FD term)Interest rate with effect from February 22, 2019For publicFor senior citizen7 days to 45 days5.75%6.25%46 days to 179 days6.25%6.75%180 days to 210 days6.35%6.85%211 days to less than 1 year6.40%6.90%1 year to less than 2 years6.70%7.20%2 years to less than 3 years6.75%7.25%3 years to less than 5 years6.80%7.30%5 years and upto 10 years6.85%7.35%(Source: sbi.co.in)SBI interest rates for FDs above Rs 10 croreMaturity period (FD term)Interest rate with effect from February 22, 2019For publicFor senior citizen7 days to 45 days5.75%6.25%46 days to 179 days6.25%6.75%180 days to 210 days6.35%6.85%211 days to less than 1 year6.40%6.90%1 Year to less than 2 year6.70%7.20%2 years to less than 3 years6.75%7.25%3 years to less than 5 years6.80%7.30%5 years and up to 10 years6.85%7.35%(Source: sbi.co.in)On domestic bulk term deposits above Rs 10 crore, SBI pays interest rates to the tune of 5.75-6.85 per cent to the general public and 6.25-7.35 per cent to the senior citizen.Get the latest election news, live updates and election schedule for Lok Sabha Elections 2019 on TheIndianSubcontinent.com/elections.
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