Planning To Invest: Check Out SBI Fixed Deposit Rates 2024

Varieties Of FDs

State Bank of India (SBI) offers a variety of fixed deposit (FD) schemes with interest rates that vary depending on the tenure and amount of your deposit

Interest Rates For General Public

For tenures from 211 days to 364 days - 6.00%, From 1 year to 1 year 364 days - 6.80%, from 2 years to 2 years 364 days - 7.00%, from 3 years to 4 years 364 days - 6.75%, from 5 years to 10 years - 6.50%. However, 7.10% is been given for the special scheme like Amrit Kalash.

Tenures Above Rs 2 Crore

Interest rates are slightly higher than below Rs 2 crores for most tenures. For example, 1 year to less than 2 years fetches 6.80% for regular customers and 7.30% for senior citizens.

For Senior Citizens

Senior citizens generally get an additional 0.50% interest rate on all FD schemes compared to the general public.

SBI Calculator

The SBI website has a handy FD calculator where you can enter your deposit amount, tenure, and interest rate to calculate the maturity amount.

Online FD Calculators

Many third-party websites offer online FD calculators that can compare rates from different banks and help you choose the best FD for your needs.

Disclaimer

Interest rates are subject to change. The interest rates mentioned above are current rates, but they may change in the future. Always make sure consult an expert before making any decision.