INSUBCONTINENT EXCLUSIVE:
SBI account interest rates: The country's largest bank pays up to 7.5% interest on FDs to senior citizensState Bank of India (SBI) offers
a range of maturities for term deposit accounts
Term deposits, such as fixed deposits (FD) and recurring deposits (RD), are fixed income instruments that yield fixed returns over a
pre-defined period of lock-in
For retail domestic term deposits - or fixed deposits - up to Rs 2 crore, SBI pays interest rates to the tune of 5.75-7 per cent to the
general public over a maturity period (also known as lock-in period) of seven days to 10 years, according to the bank's corporate website
deposits below Rs 2 croreSBI pays the following interest rates on term deposits up to Rs 2 crore with effect from May 9, 2019, according to
the bank's website:TenorsInterest rate for general publicInterest rate for senior citizens7 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 year6.4%6.9%1 year to less than 2 year7%7.5%2 years to less than 3
years6.75%7.25%3 years to less than 5 years6.7%7.2%5 years and up to 10 years6.6%7.1%SBI interest rate - domestic bulk term deposits between
Rs 2 crore and Rs 10 croreSBI pays the following interest rates on domestic term deposits from Rs 2 crore to Rs 10 crore with effect from
February 22, 2019, according to the bank's website:TenorsInterest rate for general publicInterest rate for senior citizens7 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 year6.4%6.9%1 year to less than 2
years6.7%7.2%2 years to less than 3 years6.75%7.25%3 years to less than 5 years6.8%7.3%5 years and upto 10 years6.85%7.35%( SBI interest
10 croreSBI pays the following interest rates on term deposits above Rs 10 crore with effect from February 22, 2019, according to the bank's
website:TenorsInterest rate for general publicInterest rate for senior citizens7 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 year6.4%6.9%1 Year to less than 2 year6.7%7.2%2 years to less than 3 years6.75%7.25%3
years to less than 5 years6.8%7.3%5 years and up to 10 years6.85%7.35%( All about SBI interest rate on deposits in different account
customers compared to the general public
On fixed deposits up to Rs 2 crore, SBI pays interest rates in the range of 6.25-7.5 per cent to the senior citizens, 50 basis higher
detailsSBI also provides recurring deposit against a minimum monthly deposit of Rs 100
Any amount in the multiple of Rs 10 is allowed as deposit - in the form of monthly instalments - under the recurring deposit scheme,
according to the SBI website
rates as applicable to term deposits on recurring deposit accounts, according to the bank's portal.Get the latest election news, live
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