SBI Latest Update : Revised SBI Fixed Deposit Interest Rates for Public and Senior Citizens

SBI has announced an increase in its fixed deposit interest rates for retail deposits (up to Rs 2 crore) 

Here are the latest SBI fixed deposit interest rates.(Rates in % p.a)

Tenor : 7 days to 45 days 

Revised Rates for Public – 3.50 % p.a | Revised Rates for Senior Citizen- 4.00 % p.a

Tenor :46 days to 179 days

Revised Rates for Public – 5.50 % p.a | Revised Rates for Senior Citizen- 6.00 % p.a

Tenor : 180 days to 210 days

Revised Rates for Public – 6.00 % p.a | Revised Rates for Senior Citizen- 6.50 % p.a

Tenor : 211 days to less than 1 year 

Revised Rates for Public – 6.25 % p.a | Revised Rates for Senior Citizen- 6.75 % p.a

Tenor : 1 Year to less than 2 years

Revised Rates for Public – 6.80 % p.a  Revised Rates for Senior Citizen- 7.30 % p.a

Tenor :2 years to less than 3 years

Revised Rates for Public – 7.00 % p.a | Revised Rates for Senior Citizen- 7.50 % p.a

Tenor : 3 years to less than 5 years

Revised Rates for Public – 6.75 % p.a | Revised Rates for Senior Citizen- 7.25 % p.a

Tenor : 5 years and up to 10 years

Revised Rates for Public – 6.50 % p.a | Revised Rates for Senior Citizen- 7.50* % p.a

*Including additional premium of 50 bps under ”SBI We-care” deposit scheme.

The new fixed deposit rates are effective from May 15, 2024, as stated on the SBI website.

Source : State Bank of India Official Website