SBI Revises Interest Rates On FDs of Less Than Rs. 2 Cr (W.e.f. 15.01.2022)

SBI Revises Interest Rates On FDs of Less Than Rs. 2 Cr (W.e.f. 15.01.2022)

Greatlgood

SBI Fixed Deposit Interest Rates For Regular Customers

SBI is proposing an interest rate of 2.90 percent and 3.90 percent to the general public on deposits maturing in 7 days to 45 days and 46 days to 179 days, respectively, as of January 15, 2022. On deposits maturing in 180 days to less than a year, the bank is currently giving a 4.40 percent interest rate. On deposits maturing in one year to less than three years, the general public will now get a 5.10 percent interest rate. Deposits maturing in 3 years to less than 5 years, as well as 5 years and up to 10 years, now return 5.30 percent and 5.40 percent interest, respectively.

Tenors Existing Rates for Public w.e.f. 08.01.2021 Revised Rates For Public w.e.f. 15.01.2022
7 days to 45 days 2.9 2.9
46 days to 179 days 3.9 3.9
180 days to 210 days 4.4 4.4
211 days to less than 1 year 4.4 4.4
1 year to less than 2 year 5 5.1
2 years to less than 3 years 5.1 5.1
3 years to less than 5 years 5.3 5.3
5 years and up to 10 years 5.4 5.4
Source: Bank Website

SBI Fixed Deposit Interest Rates For Senior Citizens

SBI Fixed Deposit Interest Rates For Senior Citizens

Senior citizens would continue to an additional rate of 0.50% on their deposits maturing in 7 days to 5 years. Whereas on deposits maturing in 5 years and up to 10 years, senior citizens will get an additional rate of 30 bps over & above the existing 50 bps under the special ” SBI Wecare” Deposit scheme which is valid till 31st March 2022.

Tenors Existing Rates for Senior Citizens w.e.f. 08.01.2021 Revised Rates for Senior Citizens w.e.f. 15.01.2022
7 days to 45 days 3.4 3.4
46 days to 179 days 4.4 4.4
180 days to 210 days 4.9 4.9
211 days to less than 1 year 4.9 4.9
1 year to less than 2 year 5.5 5.6
2 years to less than 3 years 5.6 5.6
3 years to less than 5 years 5.8 5.8
5 years and up to 10 years 6.2 6.2
Source: Bank Website

SBI Interest Rates On Fixed Deposits of Above Rs. 2 Cr

SBI Interest Rates On Fixed Deposits of Above Rs. 2 Cr

SBI had also revised interest rates on deposits of more than Rs. 2 Cr on December 15, 2021. Here are the bank’s latest Interest rates on ‘Domestic Bulk Term deposits (Rs.2 Crore and above).

Tenors Existing Rates for Public w.e.f. 08.01.2021 Revised Rates For Public w.e.f 15.12.2021 Existing Rates for Senior Citizens w.e.f. 08.01.2021 Revised Rates for Senior Citizen w.e.f. 15.12.2021
7 days to 45 days 2.9 3 3.4 3.5
46 days to 179 days 2.9 3 3.4 3.5
180 days to 210 days 3 3.1 3.5 3.6
211 days to less than 1 year 3 3.1 3.5 3.6
1 year to less than 2 years 3 3.1 3.5 3.6
2 years to less than 3 years 3 3.1 3.5 3.6
3 years to less than 5 years 3 3.1 3.5 3.6
5 years and upto 10 years 3 3.1 3.5 3.6
Source: Bank Website

Original news source Credit: www.goodreturns.in



You must be logged in to post a comment Login