Categories: Banking

SBI Fix Deposit Interest Rate, State Bank Of India Interest Rate

SBI Fix Deposit Interest Rate, State Bank Of India Interest Rate

Features

FD Features

  • Minimum period of deposit – 7 days
  • Maximum period of deposit- 10 Years
  • Available at all branches
  • Minimum deposit amount Rs. 1,000/- and thereafter in multiples of Rs. 100/-
  • Maximum deposit amount: No Upper Limit
  • A deposit of Rs. 2 crore and more is classified as bulk deposit
  • Interest on a Term Deposit is payable to the depositor quarterly from the date of issue or at maturity along with principal. But on request from the depositor, interest may be paid at monthly, half-yearly or yearly intervals in case of Term Deposits fixed for a term of twelve months and above.
  • Nomination available in favour of individual only
  • Transferability allowed among our branches
  • TDS is applicable as per Income Tax Rules. Form 15G/15H can be submitted by the depositor for exemption from tax deduction as per IT Rules.

Revision in Interest Rates On Retail Domestic term deposits (Below Rs. 2 crore) interest rates revised w.e.f. 15.02.2022

TenorsExisting Rates for Public w.e.f. 15.01.2022Revised Rates For Public w.e.f. 15.02.2022Existing Rates for Senior Citizens w.e.f. 15.01.2022Revised Rates for Senior Citizens w.e.f. 15.02.2022
7 days to 45 days2.902.903.403.40
46 days to 179 days3.903.904.404.40
180 days to 210 days4.404.404.904.90
211 days to less than 1 year4.404.404.904.90
1 year to less than 2 year5.105.105.605.60
2 years to less than 3 years5.105.205.605.70
3 years to less than 5 years5.305.455.805.95
5 years and up to 10 years5.405.506.206.30
SBI Fix Deposit Interest Rate

Loan against deposit is allowed with applicable margin as under:

Residual tenor of Deposit as on Date of availing loan (For Public)Margin
Upto 36 Months5 %
>36 months & upto 60 months10%
>60 months15%
Loan on FD

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