Sbi reduced interest on FD second time in 1 month

0
296

SBI gives blow to customers, for the second time in 1 month, the interest rate on FD is reduced, know what the latest rate is

SBI FD Interest Rate The bank has reduced the interest rate on term deposits for the second time in a month. The SBI has said that these changes in the interest rate on FD have come into effect from 27 May




New Delhi, Business Desk. The country’s largest bank SBI on Wednesday announced a 0.40 per cent reduction in the interest rate on fixed deposits of all periods. The bank has reduced the interest rate on term deposits for the second time in a month. The SBI has said on its website that these changes in the interest rate on FD have come into effect from 27 May. State Bank has also reduced the interest rate by 0.50 per cent on bulk deposits (more than two crore rupees). The bank will pay interest at the rate of maximum 3 percent to the general depositors on bulk deposits. These changes in rates have also come into effect from Wednesday.

After this recent amendment, SBI will now get interest of 2.9% on the FD of 7 days to 45 days. At the same time, on a term deposit of 46 days to 179 days, the bank will pay interest at the rate of 3.9%. At the same time, FDs of more than 180 and less than one year will now get interest at the rate of 4.4 percent. At the same time, the bank is paying interest at the rate of 5.1 percent on FD of one year to three years. SBI will pay interest at the rate of 5.3 per cent on FDs of three years to five years. At the same time, FDs of five years to ten years will get interest at the rate of 5.4 percent.

The bank will pay interest to the general depositors (excluding senior citizens) at a fixed rate of less than two crore rupees from May 27 onwards:

7 days to 45 days – 2.9%

46 days to 179 days – 3.9%

180 days to one year – 4.4%

1 year to three years – 5.1%

3 years to 5 years – 5.3%

Five years to 10 years – 5.4%

 




sbi interest rate
sbi interest rate

At the same time, the bank pays 0.50 percent more interest to senior citizens. However, for senior citizens, the bank will pay interest at the rate of 6.20 per cent on FD of five years to ten years.

The bank will now pay interest on the bulk deposit at the following rates:

LEAVE A REPLY

Please enter your comment!
Please enter your name here