SBI released latest rate of FD: Investing in bank Fixed Deposit (FD) is considered a safe option today. Similarly, State Bank of India i.e. SBI, which is considered as one of the major banks in India, has made a major change in its FD rates before the start of the New Year.
SBI released the latest FD rate: 2023 is just 2 months away due to which the financial environment is gradually improving among people. Meanwhile, it is very important to stay informed about the latest changes in FD interest rates of banks. Along with this, this information related to banking is very important for the people of the country and their work who want to improve their savings and investment. For the convenience of common people, banks of the country keep changing their FD rates from time to time, similarly new FD rates have been released by SBI.
FD earns 5% interest from 46 days to 179 days
Investing in Bank Fixed Deposit (FD) is considered a safe option today. Similarly, State Bank of India i.e. SBI, which is considered as one of the major banks in India, has made a major change in its FD rates before the start of the New Year. SBI has released a complete list of changes in its FD (Fixed Deposits) rates. As per the published list, SBI (State Bank Of India) has fixed FD rate of 3 per cent for general public and 3.5 per cent for senior citizens on FDs from 7 days to 45 days. Along with this, the FD rate for general population between 46 days to 179 days has been kept at 4.5 percent and the same FD rate for senior citizens i.e. 5 percent.
5.75 percent interest rate available for FDs less than 1 year
According to the list published by State Bank of India,
- The interest rate for 180 days to 210 days FD’s is fixed at 5.25 per cent for public and 5.75 per cent for senior citizens.
- At the same time, for those opting for a tenure of 211 days to less than 1 year, the interest rate will be 5.75 percent for general and 6.25 percent for senior citizens.
- The interest rate for deposits between 1 year and 2 years is 6.8 percent for general public and 7.3 percent for senior citizens.
- For 2 years to less than 3 years, the bank offers 7 percent interest rate to general public and 7.5 percent to senior citizens.
- The bank will offer an interest rate of 6.5 per cent for general public and 7 per cent for senior citizens on deposits maturing within 3 years to 5 years.
- At the same time, for long-term deposits ranging from 5 years to 10 years, the bank offers an interest rate of 6.5 percent for general public and 7.5 percent for senior citizens.
