SBI Revises Fixed Deposit Rate; 1-Yr Fd Interest Rate At 4.9% p.a

On select maturities, the country's state-run lender State Bank of India (SBI) has revised interest rates on its fixed deposits (FDs). The new rates become effective from September 10, 2020.

For FDs with maturity time of 1 year to less than 2 year, the rates have been lowered by 20 bps. Last the FD rates were revised on May 27, 2020.

SBI Revises Fixed Deposit Rate; 1-Yr Fd Interest Rate At 4.9% p.a

Here are the latest FD rates for general public effective 10 September

7 days to 45 days - 2.9%
46 days to 179 days - 3.9%
180 days to 210 days - 4.4%
211 days to less than 1 year - 4.4%
1 year to less than 2 years - 4.9%
2 years to less than 3 years - 5.1%
3 years to less than 5 years - 5.3%
5 years and up to 10 years - 5.4%

For senior citizens SBI FD rates

7 days to 45 days - 3.4%
46 days to 179 days - 4.4%
180 days to 210 days - 4.9%
211 days to less than 1 year - 4.9%
1 year to less than 2 years - 5.4%
2 years to less than 3 years - 5.6%
3 years to less than 5 years - 5.8%
5 years and up to 10 years - 6.2%

Also " SBI Wecare" Deposit for Senior Citizen that pays a premium of 30 bps over the existing benefit to senior citizens shall now be available until December 31,2020.

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