FD Rates: After the Reserve Bank increased the repo rate in December, most banks are increasing interest on FDs. Now the country’s largest public sector bank SBI has increased the interest on FD. SBI has increased up to 0.25 percent on FD. This increase has been done by the bank on FDs of less than Rs 2 crore.
FD Rates: After the Reserve Bank increased the repo rate in December, most banks are increasing interest on FDs. Now the country’s largest public sector bank SBI has increased the interest on FD. SBI has increased up to 0.25 percent on FD. This increase has been done by the bank on FDs of less than Rs 2 crore.
At the same time, SBI has increased the rates on bulk FDs by 25 to 75 basis points. The bank has also launched a special FD of 400 days, in which customers will get a maximum interest of 7.10 per cent. RBI had recently increased the repo rate to control inflation. These new rates have come into effect from today, February 15.
Latest FD rate of SBI Bank – This interest is available on FDs of less than Rs 2 crore.
- 7 days to 45 days: For general public – 3.00 per cent; For Senior Citizen – 3.50 percent
- 46 days to 179 days: For general public – 4.50 per cent; For Senior Citizen – 5.00 percent
- 180 days to 210 days: For general public – 5.25 per cent; For senior citizens – 5.75 percent
- 211 days to less than 1 year: For general public – 5.75 per cent; For Senior Citizen – 6.25 percent
- 1 year to less than 2 years: For general public – 6.80 per cent; For Senior Citizen – 7.30 percent
- 2 years to less than 3 years: For general public – 7 per cent; For Senior Citizen – 7.50 percent
- 3 years to less than 5 years: For general public – 6.50 per cent; For senior citizens – 7 percent
- 5 years to 10 years: For general public – 6.50 per cent; For Senior Citizen – 7.50 percent
