SBI hikes interest rates on fixed deposits: Check new rates here

SBI FD Rates

On fixed deposits maturing in 7 days to 45 days, the bank will continue to offer an interest rate of 2.90% and on fixed deposits maturing from 46 days to 179 days SBI will continue to offer an interest rate of 3.90%. Fixed deposits maturing in 210 days from 180 days will now offer an interest rate of 4.55% which was earlier 4.40% an increase of 15 bps and fixed deposits maturing in less than 1 year in 211 days will now offer an interest rate of 4.60% Offer will continue. SBI will now offer an interest rate of 5.45% which was earlier an increase of 5.30% on fixed deposits maturing in less than 2 years in 1 year. On fixed deposits maturing in less than 2 years to less than 3 years, SBI has increased the interest rate from 5.35% to 5.50% and on fixed deposits maturing in less than 5 years from 3 years, the bank has increased the interest rate. rate has been increased. An increase of 15 bps from 5.45% to 5.60%. Deposits maturing in 5 years and 10 years will now attract an interest rate of 5.65% as against a 5.50% increase of 15 bps earlier.

On fixed deposits maturing in 7 days to 5 years, SBI will continue to offer an additional rate of 0.50% to older persons and an additional 30 bps (maximum) to senior citizens on fixed deposits of age 5 years and above Premium will continue to be paid. and over and above the existing 50 bps under SBI WeCare Deposit Scheme. “A special “SBI WeCare” deposit for senior citizens has been introduced in the Retail TD segment with an additional premium of 30 bps (over and above the existing 50 bps as mentioned in the table) to senior citizens on their retail TD only ‘5 years and above. The “SBI WeCare” deposit scheme has been extended till September 30, 2022.” SBI said on its website.

SBI Domestic Bulk Fixed Deposit Rates

SBI has also increased its interest rates on domestic bulk fixed deposits. 2 crore and above.

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On deposits maturing from 46 days to 179 days, SBI has increased its interest rate from 4.00% to 4.25% and on fixed deposits maturing from 180 days to 210 days, the bank has increased its interest rate from 4.25% to 4.50%. Fixed deposits maturing in 211 days to less than 1 year will now be offered an interest rate of 5.00 as against 4.50% earlier and 6.00% interest rate now on fixed deposits maturing in 211 days to less than 2 years The rate will be offered which was earlier 5.25% on fixed deposits maturing in less than 2 years to 3 years, SBI has increased the interest rate from 4.25% to 5.25% and in less than 5 years to 3 years On maturing fixed deposits, the bank has increased the interest rate from 4.50%. up to 5.25%. SBI will now offer an interest rate of 5.00% which was earlier an increase of 50 bps to 4.50% on fixed deposits maturing in 5 years and 10 years.

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