SBI FD- The country’s largest public sector bank, State Bank of India (SBI), has given a big shock to its customers this time. The bank has reduced the interest on all its FDs from 0.15 percent to 0.25 percent. Apart from this, the bank has also reduced the interest on its 444 days special FD Amrit Vrishti by 0.25 percent.
This interest is on FDs of less than Rs 3 crore. SBI Bank’s new rates have come into effect from June 15. After RBI reduced the repo rate again, most banks are reducing the interest on FDs.
SBI Bank has also reduced the interest on its special FD Amrit Vrishti. Amrit Vrishti FD scheme is a special FD of 444 days in which more interest was being given than normal FD. The bank has also reduced the interest on this from 6.85 percent to 6.60 percent. Senior citizens will get 0.50 percent extra interest. Senior citizens will get 7.10 percent interest on Amrit Vrishti FD scheme of 444 days.
SBI FD Rates
SBI Bank is offering FDs from 7 days to 10 years. The bank is giving maximum interest to senior citizens on FDs of 5 to 10 years. The interest on this FD is 7.30 percent. This time SBI Bank has reduced the interest on all its tenures of FDs by 0.15 percent to 0.25 percent.
Latest interest rate on State Bank of India FD
7 days to 45 days: For general public – 3.05 percent; For senior citizens – 3.55 percent
46 days to 179 days: For general public – 5.05 percent; For senior citizens – 5.55 percent
180 days to 210 days: For general public – 5.80 percent; For senior citizens – 6.30 percent
211 days to less than 1 year: For general public – 6.05 percent; For senior citizens – 6.55 percent
1 year to less than 2 years: For general public – 6.25%; For senior citizens – 6.75%
2 years to less than 3 years: For general public – 6.45 percent; For senior citizens – 6.95 percent
3 years to less than 5 years: For general public – 6.30 percent; For senior citizens – 6.80 percent
5 years to 10 years: For general public – 6.05 percent; For senior citizens – 7.05 percent. (Under SBI weCare scheme, senior citizens get 0.50 percent interest extra.)
