SBI Latest FD Rates 2024: If you also want to invest in SBI’s Fixed Deposit Scheme, this is big news for you. Yes, the State Bank of India has announced an increase in the interest rates on its fixed deposits (FD) from the new year. Let us see the complete details of SBI’s Latest FD Rates in 2024.
SBI Latest FD Rates 2024:
Recently, the country’s largest bank State Bank of India has increased fixed deposits (FDs). SBI has increased the interest rate on FDs of select maturities by up to 0.50 percent from December 27, 2023, on deposits of less than Rs 2 crore. If you are a customer of State Bank, then you need to know what are the new interest rates under the change in FD interest rates. Let us understand what is the current slab of SBI’s Latest FD Rates in 2024.
SBI Fixed Deposit Interest Rates 2024
According to the information available on the website of the State Bank of India (SBI), the revised interest rates have become effective from 27 December 2023. Let us see the complete details of SBI Fixed Deposit Interest Rates 2024.
SBI Fixed Deposit Interest Rates on Domestic Deposits of less than Rs 2 crore
| Tenors | Interest Rates for General Public | Interest Rates for 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%* |
| Amrit Kalash (400 days) | 7.10% | 7.60% |
SBI Fixed Deposit Interest Rates on Domestic Bulk Term Deposit of Rs. 2 Crore and above
| Tenors | Interest Rates for General Public | Interest Rates for 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%* |
Useful news for SBI customers!
SBI customers can claim a deduction up to Rs 1.5 lakh under Income Tax Section 80C on 5-year FDs. All customers also get the benefit of a 5-year tax-saver FD. Let us tell you that the interest received on FDs is taxable. The above-mentioned interest rates are effective from 27 December 2023. SBI can change the interest rates without prior notice. For more information visit the official website of the State Bank of India “https://sbi.co.in/“.
Read More…
Bank of America Latest CD Rates
Citigroup bank latest cd rates