State Bank of India has once again increased the interest rates on fixed deposits.
Let us know the latest State Bank of India Fixed Deposit (FD) rate of interest for May 2023.
1- Duration: 7 to 45 days FD Rates for General Public (p.a.): 3.00% FD Rates for Senior Citizens (p.a.): 3.50%
2- Duration: 46 to 179 days FD Rates for General Public (p.a.): 4.50% FD Rates for Senior Citizens (p.a.): 5.00%
3- Duration: 180 to 210 days FD Rates for General Public (p.a.): 5.25% FD Rates for Senior Citizens (p.a.): 5.75%
4- 211 days to less than 1 year FD Rates for General Public (p.a.): 5.75% FD Rates for Senior Citizens (p.a.): 6.25%
5- 1 year to less than 2 years FD Rates for General Public (p.a.): 6.80% FD Rates for Senior Citizens (p.a.): 7.30%
6- 400 days Amrit Kalash Plan FD Rates for General Public (p.a.): 7.10% FD Rates for Senior Citizens (p.a.): 7.60%
7- 2 years to less than 3 years FD Rates for General Public (p.a.): 7.00% FD Rates for Senior Citizens (p.a.): 7.50%
8- 3 years to less than 5 years FD Rates for General Public (p.a.): 6.50% FD Rates for Senior Citizens (p.a.): 7.00%
9- 5 years and up to 10 years FD Rates for General Public (p.a.): 6.50% FD Rates for Senior Citizens (p.a.): 7.50%
Let us know, these State Bank of India FD Rates are applicable on new deposits and renewal fixed deposits.