FD Interest rate in SBI: SBI is providing interest rates ranging from 3.50 percent to 7.10 percent to customers below 60 years of age and 4 to 7.60 percent to senior citizens on FDs ranging from 7 days to 10 years. The bank is also offering loan up to 90 percent against FD.
FD Interest Rates in SBI: State Bank of India i.e. SBI is the largest government bank in the country. The bank has introduced new fixed deposit plans for its customers with the latest interest rates and other benefits. The bank is providing interest rates up to 7.60% in these plans. This bank is providing interest rates on FD ranging from 3.50 percent to 7.10 percent to customers below 60 years of age and 4 to 7.60 percent to senior citizens. The bank is offering FD ranging from 7 days to 10 years. At the same time, SBI Tax Saving FD is offering 6.50 percent annual interest rate to general customers and 7.50 percent to senior citizens.
Interest up to 7.60% in SBI Amrit Kalash
From April 12, 2023, the bank’s 400-day special FD scheme (Amrit Kalash) is offering 7.10 percent interest rate to customers. Senior citizens are getting 7.60 percent interest in this scheme. You can avail the benefit of this special scheme till March 31, 2024.
The bank had changed the interest rates on FDs of less than Rs 2 crore. The new rates are applicable from December 27, 2023. Let us know the interest rates on FDs with different tenures:
| FD period | interest rate (normal) | Interest Rate (Senior Citizens) |
| 7 days to 45 days | 3.50% | 4% |
| 46 days to 179 days | 4.75% | 5.25% |
| 180 days to 210 days | 5.75% | 6.25% |
| 211 days to less than 1 year | 6% | 6.50% |
| From 1 year to less than 2 years | 6.80% | 7.30% |
| From 2 years to less than 3 years | 7% | 7.50% |
| From 3 years to less than 5 years | 6.75% | 7.25% |
| From 5 years to 10 years | 6.50% | 7.50% |
| 400 days (Amrit Kalash) | 7.10% | 7.60% |
You can take loan of 90% amount
SBI’s new FD schemes also have special offers for senior citizens. SBI WeCare Plan launched by the bank for senior citizens is giving higher returns than regular FD. On the other hand, SBI Green Rupee Term Deposit comes with 3 different tenures 1111 days, 1777 days and 2222 days. A special feature of the new SBI FD plan is that loan facility is also available in it. Customers can take a loan up to 90% of their principal and interest.
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