State Bank of India has revised the interest rates on FD. According to the information received from the bank's website, the bank has reduced the interest rates. The new rates issued by SBI will come into effect from April 15, 2025.

Along with the new rates, SBI has also released a list of old rates. So that customers can easily calculate and compare.

What are the new FD rates?

State Bank of India has released these new rates for FDs of less than Rs 3 crore. The new rates mentioned below have been taken from the official website of the bank.

7 to 45 days- If you make an FD in SBI for 7 to 45 days, then you get a 3.50 percent return.

46 to 179 days- For this period, the bank has fixed the new interest rate at 5.50 percent.

180 days to 210 days- If a person invests in FD for 180 days to 210 days, he will get a 6.25 percent return.

211 to less than 1 year- If you invest in FD for less than 1 year and up to 211 days, then a 6.50 percent interest rate is offered.

1 year and less than 2 years- Investing in FD for 1 year or less than 2 years gives a 6.90 percent return. The bank has reduced the return by 0.10 percent in this period.

3 to 5 years - Under this period, you will get a 6.75 percent return.

5 to 10 years- SBI offers a 6.50 percent return on investing for 5 to 10 years.

On the other hand, senior citizens are given 0.50 percent more return on FD. According to this list, the interest rate has been reduced by 0.10% in FDs of 1 to 2 years and 2 to 3 years.

Post Office Scheme or FD, which is better?

How good any investment platform is depends on the returns received. Along with this, even today many investors want guaranteed returns, they are afraid of the fluctuations of the stock market. Or they trust more on safe investments. For such investors, both the post office scheme and FD are better. The returns received from both of these are almost equal according to the period.

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