SBI FD Rate Hike: The country’s largest public sector bank SBI has given good news to its 44 crore customers. The bank has revised the interest rates of its fixed deposits (SBI FD Rate Hike) from June 14. Under this, the bank has increased the interest rates of FD by 15 to 20 basis points.
SBI FD Rate Hike: There is good news for the customers of the country’s largest public sector bank State Bank of India (SBI). The bank has announced to pay higher interest on Fixed Deposit (SBI FD Rate Hike). The increased interest rates have become effective from 14th June. According to the information given by SBI, the bank has changed the interest rates of fixed deposits of less than Rs 2 crore and maturing in 211 days to 3 years.
Bank gave information
Let us inform you that the bank has not changed the interest rates of fixed deposits maturing in the period from 7 days to 210. Fixed deposits with a tenure of 7 days to 45 days will earn interest at the rate of 2.90 per cent per annum. Now customers will get interest at the rate of 3.90 percent on FDs maturing in 46 days to 179 days. Apart from this, the interest rate on fixed deposits maturing in 180 days to 210 days will be 4.40 percent as before.
Let us tell you that the bank has not changed the interest rates of fixed deposits maturing in less than 3 to 5 years. Apart from this, there has been no increase in the interest rates of FDs with tenures of 5 to 10 years.
An increase of 15 to 20 basis points
According to a report published in Live Mint, the bank has increased the interest rates of fixed deposits from 211 days to less than one year by 20 basis points from 4.40 percent to 4.60 percent. The interest rates for FDs with tenures ranging from 1 year to less than 2 years have also been increased. Now customers will get 5.30 percent interest instead of 5.10 percent. The bank has increased the interest rate on fixed deposits maturing in 2 to 3 years by 15 basis points. Earlier, 5.20 percent interest was being available on this period FD, which has now increased to 5.35 percent.
How much interest will you get now
Under this change, senior citizens will get extra benefits. According to the information given by the bank, senior citizens will get 0.50 percent extra interest in addition to the regular interest rate on FDs maturing in a period of 7 days to 5 years. At the same time, senior citizens will get 5.10 percent interest on fixed deposits maturing in 211 days to less than one year. Whereas, 5.80 percent on FDs maturing from 1 year to less than 2 years and less than 2 years to 3 years. Interest will be available at the rate of 5.85 percent on FDs maturing in.
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