SBI Fixed Deposit (FD) interest rates changed, senior citizens to suffer
Mumbai : The State Bank of India (SBI) has reduced its Fixed Deposit (FD) interest rates across select maturity. The SBI FD rates have been lowered by 10 basis points (or 0.10 percentage point) across a select tenor in the retail segment. In bulk segment, SBI FD interest rates have been reduced by 30 basis points (or 0.30 percentage point), the bank said in a statement.
The new Fixed Deposit interest rates will come into effect from Thursday (November 10) midnight.
The bank now offers an interest rate of 6.4 per cent to general public and 6.9 per cent to senior citizens on fixed deposits of below Rs. 2 crore for a tenor of '1 year to less than 2 years' tenor.
Fixed Deposit rates can be changed by the bank at any point in time. Earlier, the bank had revised its FD rates on September 10, 2019.
Check out the new Fixed Deposit Rate for the SBI customers below:
| Tenors | Interest rates for general public | Interest rates for senior citizens |
| 7 days to 45 days | 4.50% | 5.00% |
| 46 days to 179 days | 5.50% | 6.00% |
| 180 days to 210 days | 5.80% | 6.30% |
| 211 days to less than 1 year | 5.80% | 6.30% |
| 1 year to less than 2 years | 6.40% | 6.90% |
| 2 years to less than 3 years | 6.25% | 6.75% |
| 3 years to less than 5 years | 6.25% | 6.75% |
| 5 years and up to 10 years | 6.25% | 6.75% |
