Sbi fd interest rates 2022

SBI has increased the interest rates for the deposits maturing between 7 days to 45 days to 3 percent. Similarly, FDs maturing between 46 days to 179 days, will fetch an interest rate of 4.50 percent. The interest rate on retail domestic term deposits ranging between 180 days to 210 days has jumped to 5.25 percent. The interest rate on deposits maturing between 211 days to less than one year to 5.50 percent. SBI now offers the interest rate of 6.10% on tenure of one year to less than two years. For FDs maturing between two years to less than three years, the interest rate is 6.25%. On deposits maturing between three years to less than five years, the interest rate is 6.10%. For FDs maturing between five years to up to 10 years, the interest rate is 6.10%. Tenors For Public w.e.f. 22.10.2022 For Senior Citizens w.e.f. 22.10.2022 7 days to 45 days 3 3.5 46 days to 179 days 4.5 5 180 days to 210 days 5.25 5.75 211 days to less than 1 year 5.5 6 1 year to less than 2 year 6.1 6.6 2 years to less than 3 years 6.25 6.75 3 years to less than 5 years 6.1 6.6 5 years and up to 10 years 6.1 6.9 According to SBI website, “A special ‘SBI Wecare’ Deposit for Senior Citizens has been introduced in the Retail TD segment wherein an additional premium of 30 bps over & above the existing 50 bps i.e. 80 bps over card rate for public (as indicated in the above table) will be paid to Senior Citizens on their retail TD for '5 Years and above' tenor only. ‘SBI Wecare’ deposit scheme stands exten...

HDFC Bank FD interest rates The bank has hiked interest rates on FDs worth less than Rs 2 crore by 5-10 basis points, according to its website. The revised prices will go into effect on February 14, 2022. The bank increased the interest rate on 1-year FDs by 10 basis points to 5 percent from 4.9 percent, and the rate on 3-year to 5-year FDs by 5 basis points to 5.45 percent from 5.40 percent. According to the SBI website, the interest rate on 2-year to 3-year FDs has been raised by 10 basis points to 5.20 percent, and the rate on 3-year to 5-year FDs has been raised by 15 basis points to 5.45 percent. The interest rate on 5-year and 10-year fixed deposits has been raised by 10 basis points to 5.50 percent. The revised rates apply to FDs with a value of less than Rs 2 crore. In December 2021, SBI increased its base rate by 0.10 percent or 10 bps, according to its website. The new base rate, that is, 7.55% per annum, will be effective from December 15, 2021. Other banks have hiked rates too The Central Bank of India and UCO bank changed Fixed Deposit (FD) interest rates for sums under Rs 2 crore effective February 10, 2022, a day after the RBI Monetary Policy statement. Also read: Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp.

• • • Good News For FD Investors! SBI FD Rates HIKED, Check Latest Interest Rates Here Good News For FD Investors! SBI FD Rates HIKED, Check Latest Interest Rates Here SBI FD Interest Rates 2022: The bank has increased the fixed deposit rates by up to 20 basis points for some tenors. FD rates for senior citizens have also been hiked. SBI Offers Free Doorstep Banking Services To THESE Customers: Here's How To Avail This Service; Details Inside SBI FD Interest Rates 2022 | New Delhi: The State Bank of India (SBI) has hiked the interest rates on Fixed Deposits (FDs) after the Reserve Bank of India (RBI) raised the repo rate by 50 basis points to 4.9 per cent. The interest rates have been hiked by 20 basis points for certain tenors for deposits below 2 crore. SBI FD Interest Rates 2022: Check Latest Interest Rates Here The latest rates can be checked in the table below Tenure General Depositors FD Rates Senior Citizens FD Rates 7 days-45 days 2.9 per cent 3.4 per cent 46 days-179 days 3.90 per cent 4.4 per cent 180 days- 210 days 4.4 per cent 4.9 per cent 211 days- 1 year 4.6 per cent 5.1 per cent 1 year- 2 years 5.3 per cent 5.8 per cent 2 years- 3 years 5.35 per cent 5.85 per cent 3 years- 5 years 5.45 per cent 5.95 per cent 5 years- 10 years 5.5 per cent 6.30 per cent

Tenure Normal Citizen FD Rate Senior Citizen FD Rate 7 days - 1 month 15 days 3% 3.5% 1 month 16 days - 5 months 26 days 4.5% 5% 5 months 27 days - 6 months 27 days 5.25% 5.75% 6 months 28 days - 11 months 29 days 5.75% 6.25% 11 months 30 days - 1 year 1 month 3 days 6.8% 7.3% 1 year 1 month 4 days - 1 year 1 month 4 days 7.1% 7.6% 1 year 1 month 5 days - 1 year 11 months 29 days 6.8% 7.3% 1 year 11 months 30 days - 2 years 11 months 29 days 7% 7.5% 2 years 11 months 30 days - 4 years 11 months 28 days 6.5% 7% 4 years 11 months 29 days - 9 years 11 months 28 days 6.5% 7.5% SBI is an Indian Multinational, Public Sector Banking and Financial services statutory body headquartered in Mumbai. It has about 1/4th market share. In addition to banking services, SBI has diversified its business across SBI General Insurance, SBI Life Insurance, SBI Mutual Fund, SBI Card, etc. As of March 31st 2022, SBI bank has 22,266 outlets across India and 65,000 ATMs/ Cash Withdrawal Machines. SBI Bank Deposits stood at INR 40,51,534 crore as of March 2022. SBI Bank’s Fixed Deposits have a AAA (Stable) Credit Rating. SBI offers multiple fixed deposits accounts for various tenures with different SBI Bank Fixed Deposit Schemes Following are the types of SBI Bank fixed deposit schemes: • SBI Regular FD Account • SBI Amrit Kalash Deposit • SBI Sarvottam’ (Non-Callable) Term Deposit Account • SBI Annuity Deposit Account • SBI MOD Account • SBI Tax Savings Scheme • SBI Special Term Deposit – Reinvestme...

By India Today Web Desk: The State Bank of India (SBI), the country’s largest lender, has announced an increase in the interest rate of FDs of more than Rs 2 crore. The fresh rate of interest on FDs have been put into effect for the general public starting from December 15, 2021. SBI has increased its base rate by 0.10 per cent or 10 basis points (bps). The hike in the interest rate on FDs is provided for the new deposits and the ones whose accounts have matured. After the latest revision, the interest rate on SBI FDs range between 2.9 percent to 5.54 percent for the general public, depending on the tenure. Meanwhile, senior citizens will get 50 basis points (bps) extra on these deposits. According to the bank’s official website, SBI has frozen its interest rates on FDs under Rs 2 crore. Based on the domestic deposits, the bank has concluded to raise the high-value deposits over the range of Rs 2 crore by 10 basis points. Moreover, India’s top public lender has increased the benchmark lending rate or base rate by 0.1 percent, following which the revised base rate is 7.55 per cent. SBI latest FD interest rates with effect from December 15, 2021 Tenure Interest Rate (% per annum) 7 days - 45 days 2.9% 46 days - 179 days 3.9% 180 days - 210 days 4.4% 211 days - less than 1 year 4.4% 1 year - less than 2 years 5% 2 years - less than 3 years 5.1% 3 years - less than 5 years 5.3% 5 years and up to 10 years 5.4% READ MORE|

General Public Senior Citizen Tenors Rates w.e.f. 15/02/2023 Annualised Yield# Rates w.e.f. 15/02/2023 Annualised Yield# 7 days to 45 days 3.00 3.00 3.50 3.50 46 days to 179 days 4.50 4.50 5.00 5.00 180 days to 210 days 5.25 5.35 5.75 5.88 211 days to less than 1 year 5.75 5.88 6.25 6.40 1 Year to less than 2 years 6.80 6.98 7.30 7.50 2 years to less than 3 years 7.00 7.19 7.50 7.71 3 years to less than 5 years 6.50 6.66 7.00 7.19 5 years and up to 10 years 6.50 6.66 7.50@ 7.71 400 days (Special Scheme i.e. “ Amrit Kalash”) 7.10 7.29 7.60 7.82 The specific tenor scheme of “400 days” (AmritKalash) at Rate of Interest of 7.10 % w.e.f. 12- April- 2023. Senior Citizens are eligible for rate of interest of 7.60%. The Scheme will be valid till 30-June-2023. # Compounded Quarterly @ Including additional premium of 50 bps under ”SBI We-care” deposit scheme. Sarvottam (Non-Callable) Domestic Retail Term Deposits (above ₹15 lakhs to less than ₹2 crores) (Pre-Mature Payment not allowed): • 30 bps over card rate for tenor 1 year • 40 bps over card rate for tenor 2 years Other Term and conditions as applicable Link for details:

The According to SBI's website, the bank has raised the interest rate on FDs with terms ranging from 211 days to less than a year by 20 basis points to 4.60 percent. For 1 year to less than 2 year, the interest rate offered has been hiked to 5.30 percent from 5.10 percent. And the interest rate has been raised by 15 basis points on 2 years to less than 3 years tenor FDs to 5.35 percent from 5.20 percent. RBI hikes repo rate The repo rate has now been raised by 0.50 percent by the RBI during its monetary policy meeting on June 8, 2022, bringing the total hike to 0.9 percent in just 36 days. It obviously indicates that the best days are now here for fixed deposit (FD) investors, who have seen FD interest rates fall by 40% over the last six years, from the peak level of 9% offered by SBI in September 2014 to 5.4 percent in May 2020. Top 2-year senior citizen bank FDs Here are the top banks offering highest interest rates for senior citizen fixed deposits (FD) for two-year tenure. (The rates are as on June 9, 2022) Bandhan Bank, DCB Bank, IndusInd Bank and RBL Bank offers interest rate of 7 percent to their senior citizen customers. These interest rates are compounded quarterly and Rs 10,000 will grow into Rs 11,488.82. IDFC First Bank offers an interest rate of 6.4 percent and Rs 10,000 will grow into Rs 11,376.39 in the span of two years. Should you book long term FDs after current hikes? While a rate hike is good news for depositors, it also brings with it a slew of questio...