Tue, Jul 09, 2024
State Bank of India (SBI) - the country's largest lender - offers a range of maturity options for retail domestic term deposits - or fixed deposits - below Rs 3 crore, starting at seven days going all the way to as long as 10 years. With effect from June 15, the PSU bank offers interest rates to the tune of 3.5-7.5 per cent per annum to its customers on these term deposits, according to its website, sbi.co.in. Do you know which FD yields the maximum return to the general public? SBI offers an interest rate of 7.0 per cent to the general public in fixed deposits of at least two years but less than three years, and 7.5 per cent to senior citizen customers on the same term. Read on to know all about SBI's latest fixed deposit interest rates.
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Tue, Jun 11, 2024
SBI 5-year tax saver FD gives a guaranteed return and tax exemption on deposits. One can get tax relaxation of up to Rs 1.50 lakh on deposits in a financial year in the SBI FD scheme. The FD has a lock-in period of five years.
Tue, May 28, 2024
FD Interest Rates 2024: Banks and NBFCs offer FDs of different durations and amounts. Leading banks such as State Bank of India (SBI), Punjab National Bank (PNB), Bank of Baroda (BoB), Indian Overseas Bank, HDFC Bank, ICICI Bank, and Axis Bank also offer FDs.
Fri, May 24, 2024
SBI Senior Citizen FD Interest Rates: Like many other banks and non-banking finance companies (NBFCs), State Bank of India (SBI) also offers fixed deposit (FD) schemes for senior citizens, where it gives extra interest than it offers to general citizens. Know what will be the maturity value on investments of certain amounts in the 1-year, 3-year and 5-year FDs.
Thu, May 16, 2024
SBI FD rate hike news: The country's biggest lender State Bank of India (SBI) has hiked fixed deposit rate on select short-term maturity up to 75 basis points, a move likely to be followed by other lenders.
Wed, Apr 17, 2024
Banks such as State Bank of India (SBI), Bank of Baroda (BoB), ICICI Bank, HDFC Bank, Punjab National Bank (PNB) and Canara Bank offer up to 7.75% interest rate on 5-year FDs to senior citizens, as per Paisabazaar.com data.
Tue, Apr 16, 2024
Fixed deposit (FD) is a scheme run by post office as well as banks, small finance banks, and non-banking finance companies (NBFCs). Investors keen on non-market-linked investment products invest in FDs since they provide guaranteed returns. Like many other banks, State Bank of India (SBI) also provides additional interest rates to senior citizens on most of its FDs.
Sat, Jan 06, 2024
SBI FD Interest Rate 2024: Recently, the country's largest bank- State Bank of India (SBI)- has increased interest rates on some of its selected maturity fixed deposits (FDs) by up to 0.50 per cent. With the new interest rates in place in SBI FD, let's see what corpus you will make if you invest Rs 5 lakh for 1, 2, 3 and 5 years.
Wed, Dec 27, 2023
SBI FDs are quite popular among investors seeking guaranteed returns and fixed income. Since, an FD is not market-linked, it is a popular investment option among investors with low-risk appetite. Mutual funds are market-linked and their value may increase or decrease with the performance of the share market. In this write-up, we will tell you which of the two options (SBI FD vs Mutual Fund) can give you better returns in the long term.
Sat, Mar 18, 2023
Bank FD interest rates: State Bank of India (SBI), ICICI Bank, HDFC Bank, Punjab National Bank (PNB) and a bunch of top lenders in the country pay FD interest rates offered to the tune of 3-7.75 per cent on domestic fixed deposits of up to Rs 2 crore.
Wed, Feb 15, 2023
SBI FD Interest Rate 2023: The hiked rate is applicable on fixed deposits below Rs 2 crore.
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