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Good News For SBI Customers! SBI FD Interest Rates Hiked Effective Today; Check SBI Latest Fixed Deposit Rates
SBI in its website has announced Revision in Interest Rates on Retail Domestic Term Deposits (Below Rs. 2 crore) w.e.f. 15.05.2024. The revised interest rates are as under:
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 "Good News For SBI Customers! SBI FD Interest Rates Hiked Effective Today; Check SBI Latest Fixed Deposit Rates")
New Delhi: India's largest public sector lender State Bank of India (SBI) has announced a hike in its Fixed Deposit rates with effect from May 15, 2024. SBI has announced to hike its Fixed Deposit (FD) Rates for Deposits below Rs 2 crore.
SBI in its website has announced Revision in Interest Rates on Retail Domestic Term Deposits (Below Rs. 2 crore) w.e.f. 15.05.2024. The revised interest rates are as under:
| General Public | Senior Citizen | |||
|---|---|---|---|---|
| Tenors | Existing Rates for Public w.e.f. 27/12/2023 | Revised Rates for Public w.e.f. 15/05/2024 | Existing Rates for Senior 27/12/2023 | Revised Rates for Senior Citizen w.e.f. 15/05/2024 |
| 7 days to 45 days | 3.50 | 3.50 | 4.00 | 4.00 |
| 46 days to 179 days | 4.75 | 5.50 | 5.25 | 6.00 |
| 180 days to 210 days | 5.75 | 6.00 | 5.25 | 6.50 |
| 211 days to less than 1 year | 6.00 | 6.25 | 6.50 | 6.75 |
| 1 Year to less than 2 years | 6.80 | 6.80 | 7.30 | 7.30 |
| 2 years to less than 3 years | 7.00 | 7.00 | 7.50 | 7.50 |
| 3 years to less than 5 years | 6.75 | 6.75 | 7.25 | 7.25 |
| 5 years and up to 10 years | 6.50 | 6.50 | 7.50* | 7.50* |
*Including additional premium of 50 bps under ”SBI We-care” deposit scheme.
The specific tenor scheme of “400 days” (Amrit Kalash) at Rate of Interest of 7.10 % w.e.f. 12- April- 2023. Senior Citizens are eligible for rate of interest of 7.60%. The Scheme will be valid till 30-September-2024.
SBI GREEN RUPEE TERM DEPOSIT is available for three specific tenors of 1111, 1777 & 2222 days, at 10 bps below Card Rate for Retail deposits.
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