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Here's A Comparison Of SBI Interest Rates On Fixed Deposits Across Maturities

Fixed deposits, also known as term deposits (TDs), are fixed income instruments that yield fixed returns over a pre-defined period of lock-in.

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Here's A Comparison Of SBI Interest Rates On Fixed Deposits Across Maturities

SBI last revised its FD interest rates with effect from October 10, 2019.


State Bank of India or SBI offers a range of maturities for fixed deposit (FD) accounts. Fixed deposits, also known as term deposits (TDs), are fixed income instruments that yield fixed returns over a pre-defined period of lock-in. For retail domestic fixed deposits up to Rs 2 crore, SBI pays interest rates to the tune of 4.50-6.40 per cent to the general public over a maturity period of seven days to 10 years, according to the bank's website - sbi.co.in. The lender last revised its FD interest rates with effect from October 10, 2019. 

Here's all you need to know about SBI's interest rates on fixed deposits (FDs):

SBI interest rate - retail domestic fixed deposits up to Rs 2 crore

SBI pays the following interest rates on fixed deposits up to Rs 2 crore with effect from October 10, 2019, according to the bank's website:

TenorsInterest rates for general publicInterest rates for senior citizens
7 days to 45 days4.50%5.00%
46 days to 179 days5.50%6.00%
180 days to 210 days5.80%6.30%
211 days to less than 1 year5.80%6.30%
1 year to less than 2 years6.40%6.90%
2 years to less than 3 years6.25%6.75%
3 years to less than 5 years6.25%6.75%
5 years and up to 10 years6.25%6.75%

SBI interest rate - bulk domestic fixed deposits above Rs 2 crore

SBI pays the following interest rates on domestic fixed deposits above Rs 2 crore with effect from October 10, 2019, according to the bank's website:

TenorsInterest rates for general publicInterest rates for senior citizens
7 days to 45 days4.3%4.8%
46 days to 179 days5.3%5.8%
180 days to 210 days5.7%6.2%
211 days to less than 1 year5.7%6.2%
1 year to less than 2 years6%6.5%
2 years to less than 3 years6%6.5%
3 years to less than 5 years5.756.25%
5 years and upto 10 years5.756.25%

SBI offers better returns to senior citizen customers compared to the general public. On fixed deposits up to Rs 2 crore, SBI pays interest rates in the range of 5-6.90 per cent to the senior citizens, 50 basis higher compared to the general public across maturities, according to its website.



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