SBI changes Fixed Deposit (FD) rates: Check current interest rates

New Delhi : The State Bank of India has revised its Fixed Deposit (FD) rates on select maturity durations. The new FD rates will be effective from September 10.

SBI has slashed FD rates by 20 basis points for maturity durations between 1 year to less than 2 year. The new FD rates will be applicable on new deposits and renewal of deposits. SBI had earlier revised interest rates on fixed deposits on 27 May.

With latest revision, the interest rates for Fixed Deposits between 7 days to 45 days will be 2.9%. Term deposits between 46 days to 179 days will give 3.9%. FDs of 180 days to less than one year will fetch 4.4%. Deposits with maturity between 1 year and up to less than 2 years will give 4.9% now instead of 5.1%. FDs maturing in 2 years to less than 3 years will give 5.1%. FDs with 3 years to less than 5 years will offer 5.3% and term deposits maturing in 5 years and up to 10 years will continus giving 5.4%.

SBI latest Fixed Deposit (FD) interest rates for general public effective 10 September

7 days to 45 days - 2.9%

46 days to 179 days - 3.9%

180 days to 210 days - 4.4%

211 days to less than 1 year - 4.4%

1 year to less than 2 years - 4.9%

2 years to less than 3 years - 5.1%

3 years to less than 5 years - 5.3%

5 years and up to 10 years - 5.4%

SBI Fixed Deposit (FD) rates for senior citizens

SBI offers senior citizens’ an additional 50 bps interest rate across all tenors. After the latest revision, senior citizens will get 3.4% to 6.2% on FDs maturing in 7 days to 10 years.

7 days to 45 days - 3.4%

46 days to 179 days - 4.4%

180 days to 210 days - 4.9%

211 days to less than 1 year - 4.9%

1 year to less than 2 years - 5.4%

2 years to less than 3 years - 5.6%

3 years to less than 5 years - 5.8%

5 years and up to 10 years - 6.2%