State Bank of India hikes fixed deposit interest rates for these tenors: Check latest rate
SBI fixed deposit interest rates apply to domestic term deposits of Rs 2 crore or more.
The new SBI FD interest rates went into effect on Friday, July 15th.
The bank increased its fixed deposit rates for accounts maturing in one to two years from 4.75 percent to 5.25 percent for the general public
For elderly persons, the SBI FD interest rate has been raised by 50 basis points to 5.75 percent
211 Days to less than 1 year: For General Public - 4.50 per cent; For Senior Citizens - 5.00 per cent
1 year to less than 2 years: For General Public - 5.25 per cent; For Senior Citizens - 5.75 per cent
2 years to less than 3 years: For General Public - 4.25 per cent; For Senior Citizens - 4.75 per cent
3 years to less than 5 year: For General Public - 4.50 per cent; For Senior Citizens - 5.00 per cent
5 years to up to 10 years: For General Public - 4.50 per cent; For Senior Citizens - 5.00 per cent.
"The prepayment penalty for all tenors of Bulk Term Deposits will be 1%." It will apply to all new deposits, including renewals," it noted.
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