SBI FD rate hike: State Bank of India raises fixed deposit interest rates on these tenors

sbi fd rate hike: state bank of india raises fixed deposit interest rates on these tenors

SBI FD rate hike: The new FD rates are effective from today

The State Bank of India (SBI) raised its fixed deposit interest rates for certain tenures on retail deposits (up to ₹2 crore). The new FD rates are effective from today (May 15). SBI hiked interest rates on 46 to 179 days, 180 to 210 days, and 211 to less than one-year tenures by 25-75 basis points. The bank last hiked interest rates on FDs on December 27, 2023.

SBI latest FD interest rates here:

  1. Short-term deposits ranging from 7 days to 45 days- interest rate is 3.50%. 
  2. Deposits between 46 days and 179 days- interest rate is 5.50%. 
  3. Deposits between 180 days to 210 days- interest rate is 6.00%. 
  4. Deposits held for 211 days to less than one year- interest rate is 6.25%.
  5. Tenure of 1 year to less than two years- interest rate is 6.80%. 
  6. Deposits of 2 years to less than three years- interest rate is 7.00%. 
  7. Durations of 3 years to less than five years- interest rate is 6.75%. 
  8. Long-term deposits spanning five years up to 10 years- interest rate is 6.50%.

Read more news like this on HindustanTimes.com

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