Sbi Fixed Deposit Interest Rate
- Sbi Fixed Deposit Interest Rate Today
- State Bank Of India Fixed Deposit Rate
- Sbi Fixed Deposit Interest Rate Per Month
- Sbi Fixed Deposit Interest Rates 2020
- Sbi Fixed Deposit Interest Rate 2019
- Currently, SBI offers 5.40 percent interest rate on five years FD for the general public and for senior citizens the bank offers 6.20 percent under the special FD scheme 'SBI Wecare'.
- The interest shall be 0.50% or 1% below the rate applicable at the time of Deposits for the period Deposit remained with the Bank or 0.50% or 1% below the contracted rate, whichever is lower. However, no interest will be paid on Deposits which remain for a period of less than 7 days.
State Bank Of India Fixed Deposit (SBI FD) State Bank Of India SGD fixed deposit board rates. Tip: Compare promotional fixed deposit rates. (% p.a) $1,000 –. Features & Benefits of SBI Fixed Deposit 1. Competitive rate of interest - Investors in SBI fixed deposits can get up to 5.40% rate of interest on their deposits. In case of senior citizens, the interest rate goes.
Want to earn safe returns on your investments? Then, look to invest in a fixed deposit that offers fixed returns over time. But the big question is, where should you open a fixed deposit? The question assumes significance given there are many banks and non-banking finance companies (NBFCs) waiting to make you a customer. But the largest public sector bank State Bank of India (SBI) has a distinctive advantage over others. The reason being the attractive interest rates as well as the massive PAN India presence with around 25,000 branches across the country. It won’t be wrong to say that SBI fixed deposit is a symbol of trust. Catch more of it in this page.
Table of Contents
- 2 SBI Fixed Deposit Interest Rates and Other Details
- 4 How To Apply for State Bank of India Fixed Deposit?
- 5 SBI Fixed Deposit Form
- 5.1 A Look at SBI’s Branch Network
SBI Fixed Deposit Schemes
The bank offers several fixed deposit plans to cater the diverse financial needs of the customers. It provides deposits for tenures ranging from 7 days to 10 years at varied interest rates. You can open a fixed deposit account with the lowest amount of INR 1,000. Interestingly, the 5-year tax saver fixed deposit of SBI doesn’t come with the maximum limit on deposits. You have the option to select the investment period and the amount of investment as per your financial goals. Depositors can receive interest at the payout frequency decided by them.
SBI Fixed Deposit Interest Rates and Other Details
| Fixed Deposit Aspects | Details |
|---|---|
| Minimum Deposit Amount | INR 1,000 |
| Maximum Deposit Amount | No Limit |
| Rate of Interest | 2.90% - 6.20% per annum |
| Tenure | 7 days to 10 years |
| Loan Facility | Upto 90% of the Principal Deposit |
| Premature Withdrawal Facility | Available |
| Interest Payout Frequency | Monthly/ Quarterly/ Half Yearly/ Yearly |
SBI Fixed Deposit Interest Rates March 2021
SBI Fixed Deposit Interest Rates generally range from 2.90% - 6.20% per annum which is quite high seeing the current market standards. The bank pays an additional interest to senior citizens. To know the FD interest rate of different investment periods, check the interest rate table given below:
Interest Rates on Retail Deposits Below INR 2 Crore
Sbi Fixed Deposit Interest Rate Today
| Deposit Periods | Interest Rates for General Public (in per annum) | Interest Rates for Senior Citizens (in per annum) |
|---|---|---|
| 7 - 45 Days | 2.90% | 3.40% |
| 46 - 179 Days | 3.90% | 4.40% |
| 180 - 210 Days | 4.40% | 4.90% |
| 211 Days - Less Than 1 Year | 4.40% | 4.90% |
| 1 Year - Less Than 2 Years | 5.10% | 5.60% |
| 2 Years - Less Than 3 Years | 5.10% | 5.60% |
| 3 Years - Less Than 5 Years | 5.30% | 5.80% |
| 5 Years - 10 Years | 5.40% | 6.20% |
Interest Rates on Retail Deposits of INR 2 Crore and Above
| Deposit Periods | Interest Rates for General Public (in per annum) | Interest Rates for Senior Citizens (in per annum) |
|---|---|---|
| 7 - 45 Days | 2.90% | 3.40% |
| 46 - 179 Days | 2.90% | 3.40% |
| 180 - 210 Days | 2.90% | 3.40% |
| 211 Days - Less Than 1 Year | 2.90% | 3.40% |
| 1 Year - Less Than 2 Years | 2.90% | 3.40% |
| 2 Years - Less Than 3 Years | 3.00% | 3.50% |
| 3 Years - Less Than 5 Years | 3.00% | 3.50% |
| 5 Years - 10 Years | 3.00% | 3.50% |
SBI Fixed Deposit Calculator
The SBI Fixed deposit calculator is the tool which gives an exact idea about the amount of interest that you can get on the principal amount deposited under the scheme. Using it they can calculate the total amount they are likely to receive after the maturity of the fixed deposit. They can even reinvest the interest amount to yield more interest at maturity.
How To Apply for State Bank of India Fixed Deposit?
To apply for a fixed deposit at SBI, the candidate needs to fill the application form by visiting the nearest bank branch. Other way is to download the application form from the bank’s official website and submit it along with the requisite documents at the branch office. Candidates can even open the FD account online from the comfort of your home/office and save your precious time. You must have the following to apply online.
- Savings Account with SBI
- Internet banking username and password
- At least one transaction account should be mapped to the username
Steps To Apply Online
- Log in to the Online SBI account.
- Enter the username and password
- Click on the Login button
- Once the savings account is visible, click on the e- Fixed Deposit link provided on the menu.
- On clicking, the page will open where the depositor can create various deposits online.
- From the left-hand side menu, select the e-TDR/STDR option.
- Now feed the savings account number that is to be debited. Enter the amount and select the TDR or STDR option.
- Click on the confirmation button. Now, the online fixed deposit account is generated.
SBI Fixed Deposit Form
The SBI fixed deposit form is available online as well as at branch offices. In order to avail the benefits of fixed deposits, you need to fill the following details in the form:
- Customer status – existing customers or new to the bank
- Applicant’s details
- Co-applicant’s details
- Funding account details i.e., the account to be debited
- Term of deposit
- Product name or the name of deposit scheme
- Frequency of interest payable
- Details of account in which interest is to be credited
- Maturity instructions (tenure of policy, auto-renewal)
- Signature of both the customers
A Look at SBI’s Branch Network
SBI is an Indian multinational, public sector banking and the financial company which has its headquarters in Mumbai. It is one of the most trustworthy bank in the country. It has a wide network of 14,000 branches spread across the country.
Check out the best information relating to SBI fixed deposits interest rates:
SBI or the state bank of India under the reference to rules and regulations by the reserve bank of India has bought down good policies and fixed deposit interest rates for its customers. Every scheme launched is equally special and is considered a better option for all age groups. Considering fixed deposits, the SBI fixed deposits are quite the safest investments today available in the market. The bank is providing its customers with best options for investment in their savings as with 6 types of fixed deposit schemes. These are competitive SBI FD interest rates extending the best returns to the investors.
State Bank Of India Fixed Deposit Rate
Contents
Sbi Fixed Deposit Interest Rate Per Month
SBI Fixed Deposit Interest Rates 2021
State bank of India sets with one of the most reliable FD providing with best of its rates across the market. The SBI FD offers with good number of benefits to its investors with higher returns, flexible tenures, lower minimum deposit limits as well as load against FD facility. Coming to its rates of Interest with FD, the highest one being offered is 5.40 %. Now the latest SBI FD interest rates for senior citizens on the other hand range between 3.40 % to 6.20%.
SBI FD Rate Chart
Sbi Fixed Deposit Interest Rates 2020
Here comes the information relating to the SBI FD interest rates with a comparative analysis:-
Features of State Bank of India Fixed Deposit
Probably today SBI Fixed deposit is one of the best investment options available for all aged depositors who are looking for a better investment future. This is the fixed deposit which includes the money earned from the fixed income instrument and can easily earn higher returns than that of the saving account. Looking forward to its best and key features:-
Sbi Fixed Deposit Interest Rate 2019
- Moving ahead with the deposit amount, the SBI FD can easily be opened with the lowest of rs 1000 with extending to as high as possible.
- The FD Tenure amount ranges between 7 days to 10 years.
- The interest rate ranges from 2.90 % to 5.40 % per annum.
- The senior citizen FD rate stands at 3.40 % to 6.20% per annum.
- The SBI is providing the highest interest rates for a tenure of 10 years.
- SBI deposits are covered under the deposit insurance schemes of RBI in which up to 5 lakh rupees are for depositors insured by the DICGC.
- SBI is providing with a loan against FD. This is going to help the depositors with meeting their needs for small requirements without breaking the FD.
- Auto-renewal facility is also easily available.
- There is an authenticated nomination facility available for the depositors.
- SBI is offering popular FD schemes like tax savings, reinvestment plan, SBI multi option deposit schemes, regular fixed deposits, money multiplier plan, Flexi deposit schemes, and SBI we care deposits.
Best of FD plan is supported by the SBI which can be carried for 5 to 10 years with the current FD rates 5.40 %.
Gayatri Mohapatra
Gayatri Mohapatra has 10 years of experience in content writing. She write on all niches specially with banking (worked as a professional Banker for 4 years). She is keen learner for which she choose this profession.