SBI Online: SBI fixed deposit interest rates; check on sbi.co.in for latest rates

SBI Online: State Bank of India depositors will get the interest from 4.5 per cent to 6.25 per cent on their SBI deposits, depending upon the time period of SBI FD.

SBI Online: SBI fixed deposit interest rates; check on sbi.co.in for latest rates
Online SBI: On can check existing SBI Fixed Deposit interest rate slab online by logging in at sbi.co.in.
Written By: Asit Manohar
Edited By: Harish Dugh
Updated: Fri, Nov 29, 2019
01:55 pm
ZeeBiz WebDesk
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SBI Online: The State Bank of India or SBI fixed deposit interest rates, also called term deposits, have been slashed from 10th November 2019 and hence SBI customers must know the new slab of SBI fixed deposit interest rates. According to the official website of the SBI — sbi.co.in — the SBI FD or SBI term deposit interest rates have been cut by 15 bps. Now, with effect from 10th November 2019, SBI depositors will get the interest from 4.5 per cent to 6.25 per cent on their SBI deposits, depending upon the time period of SBI FD.

As mentioned on the official SBI website, sbi.co.in, one can check the new interest rates on SBI Fixed Deposits online and the various interest slabs on SBI FD.

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As per the official website of the State Bank of India, for an SBI FD from 7 to 45 days interest rate is 4.5 per cent; for SBI FD from 46 days to 179 days interest rate given is 5.5 per cent. In both cases, if the SBI account holder is a senior citizen, he or she will get 0.5 per cent addition interest from the normal depositor. For SBI fixed deposits from 180 days to less than 1-year interest rate given is 5.8 per cent. In the case of senior citizen, the interest rate would jump to 6.3 per cent. For SBI fixed deposits for the period of 1 year to up to 10 years, interest given is 6.25 per cent while in the case of a senior citizen, the interest rate given on SBI FD is 6.75 per cent.

Premature penalty for Bulk Term Deposits for all tenures will be 1 per cent. It will be applicable for all new SBI deposits including renewals. There is no discretion for reduction or waiver of penalty for premature withdrawal of term deposit The revised rates of interest shall be made applicable to fresh deposits and renewals of maturing deposits. The interest rates on NRO term deposits shall be aligned as per the rates for domestic term deposits. These rates of interest shall also be made applicable to domestic term deposits from Cooperative Banks.

 

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