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SBI Revises Interest Rates On FDs of Less Than Rs. 2 Cr (W.e.f. 15.01.2022)

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The country's largest lender State Bank of India has revised its interest rates on Retail Domestic term deposits of less than Rs. 2 Cr. The new rates are effective as of today, January 15, 2022, according to the bank's official website. Following the update, SBI has revised its interest rates on fixed deposits maturing in one year to less than two years. Earlier, the bank was offering a rate of 5.00 percent, but from today, it will provide a rate of 5.10 percent to the general public, a 10 basis point increase.

 

SBI Fixed Deposit Interest Rates For Regular Customers

SBI Fixed Deposit Interest Rates For Regular Customers

SBI is proposing an interest rate of 2.90 percent and 3.90 percent to the general public on deposits maturing in 7 days to 45 days and 46 days to 179 days, respectively, as of January 15, 2022. On deposits maturing in 180 days to less than a year, the bank is currently giving a 4.40 percent interest rate. On deposits maturing in one year to less than three years, the general public will now get a 5.10 percent interest rate. Deposits maturing in 3 years to less than 5 years, as well as 5 years and up to 10 years, now return 5.30 percent and 5.40 percent interest, respectively.

TenorsExisting Rates for Public w.e.f. 08.01.2021Revised Rates For Public w.e.f. 15.01.2022
7 days to 45 days2.92.9
46 days to 179 days3.93.9
180 days to 210 days4.44.4
211 days to less than 1 year4.44.4
1 year to less than 2 year55.1
2 years to less than 3 years5.15.1
3 years to less than 5 years5.35.3
5 years and up to 10 years5.45.4
Source: Bank Website

SBI Fixed Deposit Interest Rates For Senior Citizens
 

SBI Fixed Deposit Interest Rates For Senior Citizens

Senior citizens would continue to an additional rate of 0.50% on their deposits maturing in 7 days to 5 years. Whereas on deposits maturing in 5 years and up to 10 years, senior citizens will get an additional rate of 30 bps over & above the existing 50 bps under the special " SBI Wecare" Deposit scheme which is valid till 31st March 2022.

TenorsExisting Rates for Senior Citizens w.e.f. 08.01.2021Revised Rates for Senior Citizens w.e.f. 15.01.2022
7 days to 45 days3.43.4
46 days to 179 days4.44.4
180 days to 210 days4.94.9
211 days to less than 1 year4.94.9
1 year to less than 2 year5.55.6
2 years to less than 3 years5.65.6
3 years to less than 5 years5.85.8
5 years and up to 10 years6.26.2
Source: Bank Website

SBI Interest Rates On Fixed Deposits of Above Rs. 2 Cr

SBI Interest Rates On Fixed Deposits of Above Rs. 2 Cr

SBI had also revised interest rates on deposits of more than Rs. 2 Cr on December 15, 2021. Here are the bank's latest Interest rates on 'Domestic Bulk Term deposits (Rs.2 Crore and above).

TenorsExisting Rates for Public w.e.f. 08.01.2021Revised Rates For Public w.e.f 15.12.2021Existing Rates for Senior Citizens w.e.f. 08.01.2021Revised Rates for Senior Citizen w.e.f. 15.12.2021
7 days to 45 days2.933.43.5
46 days to 179 days2.933.43.5
180 days to 210 days33.13.53.6
211 days to less than 1 year33.13.53.6
1 year to less than 2 years33.13.53.6
2 years to less than 3 years33.13.53.6
3 years to less than 5 years33.13.53.6
5 years and upto 10 years33.13.53.6
Source: Bank Website

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