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).
Read More: Latest SBI FD rates: State Bank of India raises fixed deposit rates by up to 0.75%; check list
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:
Short-term deposits ranging from 7 days to 45 days- interest rate is 3.50%.
Deposits between 46 days and 179 days- interest rate is 5.50%.
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Deposits between 180 days to 210 days- interest rate is 6.00%.
Deposits held for 211 days to less than one year- interest rate is 6.25%.
Tenure of 1 year to less than two years- interest rate is 6.80%.
Deposits of 2 years to less than three years- interest rate is 7.00%.
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Durations of 3 years to less than five years- interest rate is 6.75%.
Long-term deposits spanning five years up to 10 years- interest rate is 6.50%.
