INSUBCONTINENT EXCLUSIVE:
On fixed deposits below Rs 1 crore, SBI has raised interest rates between 5-10 basis points.State Bank of India, the largest lender of the
country, has revised its fixed deposit (FD) interest rates with effect from today
FD interest rates have been revised across various maturities, amounts and for both general and senior citizens, stated SBI's corporate
On fixed deposits below Rs 1 crore, interest rates have been raised between 5 basis points-10 basis points, which means between 0.05 per
cent-0.1 per cent across tenures of 1 year-up to 10 years
One basis point is equal to 0.01 per cent.Latest SBI FD interest rates for general public:The following SBI FD interest rates are applicable
on retail fixed deposits (below Rs 1 crore) with effect from 30.07.2018:(All figures in % per annum)TenorsExisting for Public w.e.f
28.05.2018Revised For Public w.e.f
30.07.20187 days to 45 days5.755.7546 days to 179 days6.256.25180 days to 210 days6.356.35211 days to less than 1 year6.46.41 year to less
interest rates for senior citizens: The following SBI FD interest rates for senior citizens are applicable on retail fixed deposits (below
Rs 1 crore) with effect from 30.07.2018:(All figures in % per annum)TenorsExisting for Senior Citizens w.e.f
28.05.2018Revised for Senior Citizens w.e.f
30.07.20187 days to 45 days6.256.2546 days to 179 days6.756.75180 days to 210 days6.856.85211 days to less than 1 year6.96.91 year to less
payable to SBI staff and SBI pensioners is 1 per cent above the applicable rate, SBI said
The proposed rates of interest shall be made applicable to fresh deposits and renewals of maturing deposits.Latest SBI FD interest rates for
general public on fixed deposits between Rs 1 crore to Rs
10 crore(All figures in % per annum)TenorsExisting w.e.f
28.03.2018Revised w.e.f 30.07.20187 days to 45 days5.755.7546 days to 179 days6.76.25180 days to 210 days6.76.35211 days to less than 1
year6.756.41 year to less than 2 years76.72 years to less than 3 years6.756.753 years to less than 5 years6.656.85 years and upto 10
10 crore(All figures in % per annum)TenorsExisting for Senior Citizen w.e.f 28.03.2018Revised for Senior Citizen w.e.f
30.07.20187 days to 45 days6.256.2546 days to 179 days7.26.75180 days to 210 days7.26.85211 days to less than 1 year7.256.91 year to less
interest rates for general public on fixed deposits above Rs
10 crore(All figures in % per annum)TenorsExisting w.e.f
28.03.2018Revised w.e.f 30.07.20187 days to 45 days5.755.7546 days to 179 days6.76.25180 days to 210 days6.76.35211 days to less than 1
year6.756.41 Year to less than 2 year76.72 years to less than 3 years6.756.753 years to less than 5 years6.656.85 years and up to 10
10 crore(All figures in % per annum)TenorsExisting for Senior Citizen w.e.f 28.03.2018Revised for Senior Citizen w.e.f
30.07.20187 days to 45 days6.256.2546 days to 179 days7.26.75180 days to 210 days7.26.85211 days to less than 1 year7.256.91 Year to less
(RD) interest rates of SBIRecurring deposit or RD interest rates of SBI are the same as that on FDs
Thus, fresh recurring deposit interest rates of SBI kick in from today.SBI last revised its fixed deposit interest rates on May 28.Other
banks may soon follow suit.The revision in fixed deposit interest rates by SBI comes ahead of Reserve Bank of India 's third bi-monthly
policy review, scheduled to be released on August 1
According to the latest Reuters poll, thirty-seven of 63 economists said that the RBI will raise key interest rates again in August and 22
respondents said the next rate hike would come by end-2018 or in the January-March quarter next year.
