Fixed Deposit Rate of State Bank Of India

Tenure Interest Rates for Regular Deposit Interest Rates for Senior Citizen
7 days to 45 days 5.50% 6.00%
46 days to 179 days 6.50% 7.00%
180 days to 210 days 6.75% 7.25%
211 days to 364 days 7.00% 7.50%
1 year to 455 days 6.90% 7.40%
456 days to 1 year 364 days 6.95% 7.45%
2 years to 2 years 364 days 6.85% 7.35%
3 years to 10 years 6.50% 7.00%

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State Bank of India (SBI) is the oldest bank in India founded as the Imperial Bank of India during the British times. The government owns the stakes of the bank which is an Indian multinational financial association.

Fixed Deposit (FD) is the safest of investments that give high returns after a period. The interest provided on the FD is more than the general savings account. The banks also offer loans at competitive rates in exchange of the FD certificates.

The rate of interest on FD in SBI varies with the maturity period.

SBI fixed deposit scheme offers short-term deposits with the shortest term being 30 days. SBI FD interest rates range from 5.25%pa to 7.25%pa compounded quarterly.

For 60,90, and 120 days the fixed deposit rate in SBI is 6.5% pa. A 6 month period for SBI fixed deposit gives an interest of 6.75% pa. The SBI fixed deposit interest rate for a nine month period is 7% pa.

SBI also offers medium and long-term fixed deposit tenures. The tenure ranges from more than a year to five years. The fixed deposit rate of interest for this scheme varies between 7% pa to 7.5% pa.

The rate on 1.6 & 2 years SBI FD fetches an added 0.5% pa interest making the total rate of interest 7.5%pa.

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