SBI hikes interest rates on these fixed deposits: View details

SBI FD Rates

The bank will continue to offer an interest rate of 3.50 per cent on deposits maturing in 7 days to 45 days, while SBI will continue to offer an interest rate of 4.00 per cent on fixed deposits maturing in 46 days to 179 days. On deposits maturing from 180 days to 210 days, SBI will continue to offer an interest rate of 4.25 per cent, while on fixed deposits maturing from 211 days to less than a year, the bank has kept its interest rate constant at 4.50 per cent. . Deposits maturing from 1 year to less than 2 years will now attract an interest rate of 5.25% from 4.75% increase of 50 bps earlier.

The bank will continue to pay interest at the rate of 4.25 per cent on deposits maturing in 2 years to less than 3 years and 4.50 per cent on deposits maturing between 3 years and 10 years. SBI has mentioned on its website that “The revised rates of interest will be applicable on renewal of fresh deposits and mature deposits. The interest rates on NRO term deposits will be aligned with the rates of domestic term deposits. These rates of interest will also be applicable to domestic fixed deposits of co-operative banks.

SBI last time. had increased its interest rates on fixed deposits of less than 2 crore on 14 June 2022. After the revision, SBI is now offering an interest rate of 2.90 per cent to 5.50 per cent for general public and 3.40 per cent to 6.30 per cent for seniors on deposits maturing in 7 days to 10 years. Citizen. Marginal cost of lending rate (MCLR) on loans has also been increased by 10 basis points or 0.10 per cent by SBI. From today, July 15, the new lending rates will come into effect. According to the SBI website, the MCLR for a period of one year has been increased to 7.50% from the previous 7.40%. This can result in higher interest rates on retail loans for homes, automobiles or personal items, resulting in higher Equated Monthly Installments (EMIs) to be paid.

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