State Bank of India (SBI) FD Rates: Current FD Interest Rates, RD Interest Rates, Single Term Deposit Rates for General, NRI & Senior Citizens. sbi bank recurring deposit interest rates.
Latest Update as on 01 Feb 2018: SBI cuts savings A/C interest rates: Bure din for poor, pensioners & housewives. SBI has decided to reduce interest rates on savings deposits below Rs 1 crore by 50 basis points to 3.5% per annum.
Deposit Scheme Interest Rates of SBI Bank updated as on 01.02.2018
Revision in Interest Rates on Domestic Bulk Term Deposits (Rs.1-10 crs) W.E.F. 01.02.2018
|Tenors||Revised w.e.f 01.02.2018||Revised for Senior Citizen w.e.f. 01.02.2018|
|7 days to 45 days||5.25||5.75|
|46 days to 179 days||6.25||6.75|
|180 days to 210 days||6.25||6.75|
|211 days to less than 1 year||6.25||6.75|
|Above 1 year to 455 days||6.25||6.75|
|456 days to less than 2 years||6.25||6.75|
|2 years to less than 3 years||6.00||6.50|
|3 years to less than 5 years||6.00||6.50|
|5 years and up to 10 years||6.00||6.50|
The interest rate payable to SBI Staff and SBI pensioners will be 1.00% above the applicable rate. The rate applicable to all Senior Citizens and SBI Pensioners of age 60 years and above will be 0.25% above the rate payable for all tenors to resident Indian senior citizens i.e. SBI resident Indian Senior Citizen Pensioners will get both the benefits of Staff (1%) and resident Indian Senior Citizens (0.25%).
State Bank of India or SBI offers a blueprint on the deposit interest rates for both regular account holders as well as the senior citizens. For an amount of Rs 2,20,000 at the rate of interest 7.00% with a tenure of 3 years for regular account holders the closing amount will round upto Rs 2,70,917 and for a senior citizen for the same amount and time period the interest on an amount of Rs 2,20,000 will be Rs 2,72,921 on quarterly compounding frequency.
Amount : 2,20,000
|Time period||ROI%regular||ROI%senior citizen||Maturity value(regular)||Maturity value(senior citizen)|
About SBI (State Bank of India):
State Bank of India is the biggest lender of India. Currently SBI has over 17000+ Branches in India. As per consolidated report SBI has total income of Rs. 257289.51 crore as on on 31- March 2015. SBI has total assets of above Rs.2529394.00 Crore. SBI is the only Indian bank which is ranked under 500 list of Forbes. The corporate centre is in Mumbai and 14 local head offices and 57 zonal offices are located at important cities spread throughout the country. State Bank of India has 191 foreign offices in 36 countries across the globe. State Bank of India offers Various Schemes under Fixed Deposits – Savings bank account, Term deposit, Special term deposit, Multi option deposit schemes, Savings plus, Recurring deposit, Premium savings, SBI Tax saving schemes etc.
CONTACT CENTRE of State Bank of India
Below are the Contact numbers which are provided by State Bank of India.
State Bank of India State Bank Bhavan, Madam Cama Road, Mumbai 400 021 Email: firstname.lastname@example.org ” Call SBI’s 24X7 helpline number i.e. 1800 11 2211 (toll-free), 1800 425 3800 (toll-free) or 080-26599990. Toll free numbers are accessible from all landlines and mobile phones in the country.”
Other Products of State Bank of India:
Submit your review