SBI released latest rate of FD: Investing in bank FD is considered to be the safest option in today’s time. Similarly, State Bank of India i.e. SBI, which is counted among the major banks of India, has made a major change in its FD rates just before the beginning of the new year. SBI has released the complete list of changes made in its FD rates.
SBI released latest rate of FD: The year 2023 is nearing its end, due to which the financial environment is gradually becoming better among the people. Meanwhile, it is very important to keep informed about the new changes in FD interest rates of banks.
Along with this, this information related to the bank is very important for those people of the country and their work who want to improve their savings and investment. To provide convenience to the common people, banks of the country keep changing their FD rates from time to time, similarly new FD rates have been issued by SBI.
5% interest will be available on FD from 46 days to 179 days
Investing in bank FD is considered the safest option today. Similarly, State Bank of India i.e. SBI, which is counted among the major banks of India, has made a major change in its FD rates just before the beginning of the new year. SBI has released the complete list of changes made in its FD rates.
According to the released list, SBI has fixed the FD rate of 3 percent for common people and 3.5 percent for senior citizens on FDs for 7 days to 45 days. Along with this, the FD rate for common people within the range of 46 days to 179 days has been reduced to 4.5 percent and for senior citizens the same FD rate has been reduced to 5 percent.
5.75 percent interest rate will be available on FD of less than 1 year
According to the list released by State Bank of India, the interest rate on FDs made between 180 days to 210 days has been fixed at 5.25 percent for the general public and 5.75 percent for senior citizens. At the same time, for those who choose the time period between 211 days to less than 1 year, the interest rate for common people will be 5.75 percent and for senior citizens, it will be 6.25 percent.
The interest rates on deposits of 1 year to less than 2 years limit are 6.8 percent for general public and 7.3 percent for senior citizens. For tenure between 2 years to less than 3 years, the bank is offering 7 percent interest rate for common people and 7.5 percent for senior citizens.
Also, the bank will give an interest rate of 6.5 percent for the general public and 7 percent for senior citizens on deposits that mature in less than 3 years to 5 years. At the same time, on long term deposits ranging from 5 years to 10 years, the bank offers 6.5 percent interest rate for common people and 7.5 percent for senior citizens.
