SBI fixed deposit rates start from around 3.00% to 6.50% for general citizens and 4.00% to 7.50% for senior citizens. SBI's Fixed Deposit offers stable and guaranteed returns (It's important to note that these rates are subject to change and can vary based on the prevailing market conditions and SBI's policies). There are different fixed deposit options including SBI tax Saving FD where investors can place their extra savings and earn attractive interest over a chosen period.
To open an FD account, depositors just need to invest an amount and select a suitable tenure. No additional deposits or withdrawals are allowed during the chosen tenure for stability.
The following table displays the interest rates applicable to various FD tenures for deposits below Rs. 2 crores.
FD Tenure | Interest Rates % (p.a.) General Public |
Interest Rates % (p.a.) Senior Citizens |
---|---|---|
7 days to 45 days | 3.50% | 4.00% |
46 days to 179 days | 4.75% | 5.25% |
180 days to 210 days | 5.75% | 6.25% |
211 days to less than 1 year | 6.00% | 6.50% |
1 year to less than 2 years | 6.80% | 7.30% |
2 years to less than 3 years | 7.00% | 7.50% |
3 years to less than 5 years | 6.75% | 7.25% |
5 years and up to 10 years | 6.50% | 7.50% |
400 Days (Amrit Kalash Scheme) | 7.10% | 7.60% |
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*Note- The interest rates are subject to change. Please check the SBI official website for the latest information.The following table displays the interest rates applicable to various FD tenures for deposits above Rs. 2 crore.
FD Tenure | Interest Rates % (p.a.) General Public |
Interest Rates % (p.a.) Senior Citizens |
---|---|---|
7 days to 45 days | 5.00% | 5.50% |
46 days to 179 days | 5.75% | 6.25% |
180 days to 210 days | 6.50% | 7.00% |
211 days to less than 1 year | 6.75% | 7.25% |
1 year to less than 2 years | 6.80% | 7.30% |
2 years to less than 3 years | 6.75% | 7.25% |
3 years to less than 5 years | 6.25% | 6.75% |
5 years and up to 10 years | 6.00% | 6.50% |
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*Note: Interest rates may vary and are subject to change. For the most up-to-date information, kindly refer to the official SBI website.Want to calculate your SBI FD interest rates and maturity amount? It is good practice to get an estimate of your potential gains from an investment. You can easily calculate your returns using the SBI FD Calculator.
Maturity Date | : |
Invested Amount | : ₹10,000 |
Interest Amount | : ₹666 |
Maturity Amount | : ₹10666 |
SBI Fixed Deposits offer great advantages to customers, helping them save and increase their extra money easily. Here the some of the major features and benefits of SBI Fixed Deposit.
Check more on fixed deposits from the links provided in the table below:
Before proceeding with an investment in SBI Bank Fixed Deposit, investors must assess their eligibility. The criteria for investing in SBI Bank Fixed Deposit are as follows:
It's important to note that the exact documentation requirements may vary based on the specific policies of SBI and local regulations. However, to open an FD with the State Bank of India, you'll need the following documents:
Premature closure of an SBI fixed deposit refers to the process of withdrawing funds from the fixed deposit account before the completion of the agreed-upon maturity period. Although fixed Deposits have low liquidity, there are provisions to close an SBI FD prematurely. Here are some important points to keep in mind before opting for premature closure of SBI FD.
Disclaimer: The specific terms and conditions regarding premature closure, including any penalties or restrictions, are determined by SBI and may vary based on the type of fixed deposit and prevailing regulations.
These diverse schemes cater to varying financial needs, offering unique features and benefits based on investors' preferences.
Beside SBI FD Interest Rates , you can also check other bank fd links given below:-
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The current SB FD rates range from 3.00% to 6.50% for general citizens and 4.00% to 7.50% for senior citizens.
The best SBI FD depends on individual preferences and financial goals; SBI offers various FD schemes with different interest rates and tenures.
SBI FDs are considered safe as the State Bank of India is a government-owned and regulated financial institution.
The tenure for an SBI Fixed Deposit Account can range from 7 days to 10 years, offering flexibility based on the depositor's needs.
The minimum amount you can deposit you can make in SBI FD is ₹1000. A maximum limit does not exist.
Yes, SBI offers special FD interest rates for senior citizens.
Any individual, including minors, is eligible to open an SBI Fixed Deposit Account. Check the detailed eligibility criteria, check the article above.
This deposit scheme comes with a lock-in period of 5 years and a maximum tenure of 10 years
Yes, there are provisions to close an SBI FD prematurely. Check the above section ‘Premature Closure of SBI Fixed Deposit’ for further details.
Yes, individuals can open an SBI Fixed Deposit Account online through the bank's official website.
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