SBI Hikes Interest Rates On These Deposits W.e.f. 10.03.2022

State Bank of India (SBI), the country's largest lender, has raised interest rates on domestic bulk term deposits of Rs. 2 crore and above. The revised interest rates came into operation on March 10, 2022. The revised interest rates will apply to new deposits as well as renewals of maturing accounts. Following the revision, SBI is offering an interest rate of 3% - 3.60% on deposits maturing in 7 days to 10 years.

SBI Domestic Bulk Term Deposits Interest Rates For Regular Customers

SBI is now giving a 3.00 interest rate on term deposits with maturities ranging from 7 to 179 days to the general public. Regular customers will receive a 3.10 percent interest rate on deposits maturing in 180 to 210 days. Non-senior citizens will now get a 3.30 percent interest rate on savings maturing in 211 days to less than one year, up from 3.10 percent before. On deposits maturing in one year to ten years, the bank will now offer a 3.60 percent interest rate, up from 3.10 percent previously.

Tenors	Existing Rates For Public w.e.f. 15.12.2021	Revised Rates For Public w.e.f 10.03.2022
7 days to 45 days	3	3
46 days to 179 days	3	3
180 days to 210 days	3.1	3.1
211 days to less than 1 year	3.1	3.3
1 year to less than 2 years	3.1	3.6
2 years to less than 3 years	3.1	3.6
3 years to less than 5 years	3.1	3.6
5 years and upto 10 years	3.1	3.6
Source: Bank Website

SBI Domestic Bulk Term Deposits Interest Rates Senior Citizens

Senior citizens will continue to get an additional rate of 0.50% over and above the regular rate across all tenors. Post the latest adjustment, they will now get an interest rate of 3.5% - 4.10% on their deposits maturing in 7 days to 10 years.

Tenors	Existing Rates for Senior Citizens w.e.f. 15.12.2021	Revised Rates for Senior Citizen w.e.f. 10.03.2022
7 days to 45 days	3.5	3.5
46 days to 179 days	3.5	3.5
180 days to 210 days	3.6	3.6
211 days to less than 1 year	3.6	3.8
1 year to less than 2 years	3.6	4.1
2 years to less than 3 years	3.6	4.1
3 years to less than 5 years	3.6	4.1
5 years and upto 10 years	3.6	4.1
Source: Bank Website

SBI Interest Rates On Fixed Deposits of Less Than Rs 2 Cr

Interest rates on retail domestic term deposits (less than Rs. 2 crores) have been adjusted with effect from 15.02.2022. SBI is giving the following interest rates on Retail Domestic Term Deposits of less than Rs 2 Cr.

Tenors	Regular interest rates p.a. in %	Interest rates for senior citizens in % p.a.
7 days to 45 days	2.9	3.4
46 days to 179 days	3.9	4.4
180 days to 210 days	4.4	4.9
211 days to less than 1 year	4.4	4.9
1 year to less than 2 year	5.1	5.6
2 years to less than 3 years	5.2	5.7
3 years to less than 5 years	5.45	5.95
5 years and up to 10 years	5.5	6.3
Source: Bank Website