SBI FD rates changes from today 15 jan check state bank of India new FD interest rates here - Business News India

SBI FD rates changes from today 15 jan check state bank of India new FD interest rates here – Business News India


SBI FD Rates- After HDFC Bank, now State Bank of India (SBI) has introduced a hike in mounted deposit (FD) interest rates. According to SBI’s web site, SBI has modified the rates on deposits of lower than Rs 2 crore. The elevated rates of the bank on FD have been applied from 15 January 2022 i.e. from today itself.

According to the web site, the bank has elevated the interest rates by as much as 10 foundation factors (bps) for a choose interval. Now interest of 2.90 to five.40% will likely be out there on FD. At the identical time, senior residents will now get 5.6% extra as a substitute of 5.5%.

See new FD rates-

Duration Rate of interest interest for senior residents
7-45 days 2.90% 3.40%
46-179 days 3.90% 4.40%
180-210 days 4.40% 4.90%
211 days to lower than 1 yr 4.40% 4.90%
1 yr 1 day to lower than 2 years 5.00% 5.60%
2 years 1 day – 3 years 5.10% 5.60%
3 years 1 day – 5 years 5.30% 5.80%
5 years 1 day – 10 years 5.40% 6.20%

Source- SBI web site

Read additionally: Do you additionally pay by bank card? So know here how a lot a day’s delay will value

Know HDFC Bank’s newest FD rates
(*15*) sector HDFC Bank has elevated interest rates on mounted deposits (FDs) for a choose interval. HDFC Bank has modified the rates on deposits of lower than Rs 2 crore. The bank’s elevated rates on FD are relevant from 12 January 2022. According to the bank’s web site, now FDs between 2 years 1 day and three years will get 5.2% interest. 5.4% on 3 yr 1 day and 5 yr FD and 5.6% on 5 yr 1 day and 10 yr FD. According to the bank’s web site, HDFC Bank can pay an interest of 2.50 per cent on deposits maturing in 7 to 29 days and three per cent on FDs with maturities of 30 to 90 days. FDs with maturities of 91 days to six months can pay 3.5 p.c interest and for FDs with maturities of 6 months to 1 day to lower than one yr, interest will likely be 4.4 p.c. On the opposite hand, the bank is providing 4.9 p.c on one yr FD. Whereas, ICICI Bank FD rates vary between 2.5-5.5% for tenures between 7 days to 10 years.

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