SBI hikes interest rates on fixed deposits: Check new rates here | Rare Techy

SBI FD rates

On fixed deposits extending from 7 days to 45 days, the bank will charge an interest rate of 2.90% and on time deposits extending from 46 days to 179 days, SBI will charge an interest rate of 3.90% present Fixed deposits maturing in 180 days to 210 days will now offer an interest rate of 4.55% from 4.40% earlier, an increase of 15 bps and term deposits maturing in 211 days to less than 1 year will continue to offer an interest rate of 4.60%. . SBI will now offer an interest rate of 5.45%, which is already offering 5.30% hike of 15 bps on fixed deposits with maturities of 1 year to less than 2 years. On fixed deposits maturing in 2 years to less than 3 years, SBI has increased the interest rate by 15 bps from 5.35% to 5.50% and on fixed deposits maturing in 3 years to less than 5 years, the bank has increased the interest rate . an increase of 15 bps from 5.45% to 5.60%. Deposits with tenors of 5 years and up to 10 years will now offer an interest rate of 5.65% from 5.50% earlier, a hike of 15 bps.

See Full Image

On fixed deposits maturing in 7 days up to 5 years, SBI will continue to offer an additional rate of 0.50% to senior citizens and on fixed deposits maturing in 5 years and above to citizens senior citizens will continue to pay an additional premium of 30 bps (over & above the existing 50 bps under the SBI Wecare Deposit scheme). introduced wherein an additional premium of 30 bps (over the existing 50 bps as tabled above) will be paid to senior citizens on their retail TD only for “5 Years and above”. “SBI Wecare” deposit scheme extends till September 30, 2022,” SBI said on its website.

SBI Domestic Time Deposit Rates

SBI has also increased interest rates on Domestic Time Deposits of Rs. 2 kroner and above.

See Full Image

On deposits from 46 days to 179 days, SBI has reduced its interest rate from 4.00% to 4.25% and on fixed deposits from 180 days to 210 days, the bank has reduced the interest rate from 4.25% to 4%. 50. Fixed deposits maturing in 211 days less than 1 year will now offer an interest rate of 5.00% from 4.50% earlier and time deposits maturing in less than 2 years in a year will now offer an interest rate of 6% Offer .00 which used to be 5.25%. .On time deposits maturing in 2 years to less than 3 years, SBI has increased the interest rate from 4.25% to 5.25% and on fixed deposits maturing in 3 years to less than 5 years, the bank has increased the interest rate to 4% .50 has been added. up to 5.25%. SBI will now offer an interest rate of 5.00% which was earlier offering 4.50% hike of 50 bps on fixed deposits with tenure of 5 years and up to 10 years.