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SBI FD Interest Rates Hike: SBI has increased the interest rates on FDs of certain periods. The new rates will be effective from June 15, 2024 ... Read more

New Delhi. If you want to invest in Fixed Deposit i.e. FD, then this news is useful for you. Actually, the country's largest government bank, State Bank of India (SBI) has given great news to its investors. The bank has increased the interest rate on Fixed Deposit i.e. FD. SBI has increased the interest rates on FD of less than Rs 3 crore. The new rates have become effective from June 15, 2024. Now SBI investors can get more profit on FD.

SBI has increased the interest rate by 25 basis points (0.25%) on deposits of certain durations. The bank has increased the interest rate on FDs maturing in 180 days to 210 days and 211 days to less than one year.

SBI FD Rates -
7 days to 45 days: For general public – 3.50 percent; For senior citizen – 4 percent

46 days to 179 days: For general public – 5.50 percent; For senior citizen – 6 percent

180 days to 210 days: For general public – 6.25 percent; For senior citizen – 6.75 percent

211 days to less than 1 year: For general public – 6.50 percent; For senior citizen – 7 percent

1 year to less than 2 years: For general public – 6.80 percent; For senior citizen – 7.30 percent

2 years to less than 3 years: For general public – 7.00 percent; For senior citizen – 7.50 percent

3 years to less than 5 years: For general public – 6.75 percent; For senior citizen – 7.25%

5 years to 10 years: For general public – 6.50%; For senior citizen – 7.50%