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

ByShahrukh Ansari

May 17, 2024
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

By Shahrukh Ansari

In a digital age flooded with content, I stand out as a beacon of creativity and authenticity. With a keen understanding of SEO principles and with my extensive experience in writing for various industries and niches, I bring a wealth of knowledge and expertise to you.

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