Should you make a fixed deposit with SBI? These are the interest rates.. which tenure is higher..!
Samayam October 24, 2024 10:24 AM
FD Rates: Do you want to make fixed deposits in a bank? Do you think State Bank of India would be good for that? But this is for you. SBI currently has good interest rates. But it varies depending on the tenure. Which tenure earns more interest? Knowing that, you can get more profit by doing FD. Let's find out the details.
FD Rates: Those who want steady returns without any risk invest their money in fixed deposits. Some non-banking financial institutions including banks and post offices also offer fixed deposits. However, many people tend to go for big, well-established banks like State Bank of India. Do you also want to deposit your money in SBI? However, there are a few things you should know beforehand. SBI has recently revised its fixed deposit interest rates. So you can choose the maturity tenure that is suitable for you and get more interest by depositing the money. And let's know what are the current interest rates in SBI. Interest rates
on bank deposits vary over time. Deposit schemes with shorter tenures earn less interest. Long term deposits carry higher interest rates. Also, SBI is currently offering maximum interest rates through schemes like Amrit Kalash, Amrit Vrishti and Senior Citizen FD. It is better to choose which one is right for you and deposit your money. Currently, SBI is offering good interest rates on retail term deposits below Rs.3 crore.
SBI Latest FD Interest Rates
- At present, 3.50 percent interest is given to general customers for fixed deposits of 7 days to 45 days and 4 percent interest is given to senior citizens.
- It is offering 5.50 percent interest for general customers and 6 percent interest for seniors on tenure deposits of 46 days to 179 days.
- 6.25 percent interest for general citizens and 6.75 percent interest for senior citizens on term deposits of 180 days to 210 days.
- For deposits with a tenure of 211 days to less than a year, interest is offered at 6.50 per cent for general customers and 7 per cent for senior citizens.
- Within 1 to 2 years, 6.80 percent interest is given to general public and 7.30 percent interest to senior citizens.
- For deposits within 2 to 3 years, the interest rate is 7 percent for general customers and 7.50 percent for seniors.
- 6.75 percent interest for general citizens and 7.25 percent interest for senior citizens on deposits of 3 to 5 years.
- 6.50 percent interest for general customers and 7.50 percent interest for senior citizens through deposits within 5 years to 10 years.
- And 400 days special scheme Amrit Kalash is offering 7.10 percent interest to general citizens and 7.60 percent interest to senior citizens.
