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.
Applicable Interest Rates on Savings Bank Deposits w.e.f 31st May, 2020
SB Deposit accounts with balances upto Rs. 1 lakh = 2.70% p.a.
SB Deposit accounts with balances above Rs. 1 lakh = 2.70% p.a.
Highlights
- 5.70% – 1 year to less than 2 year
- 5.70% – 2 years to less than 3 years
Table of Content
SBI Fixed Deposit Interest Rates June 2020
Interest Rates On Retail Domestic Term Deposits (Below Rupees Two Crore)
| Tenors | Revised For Public w.e.f. 01.06.2020 | Revised for Senior Citizen w.e.f. 01.06.2020 |
| 7 days to 45 days | 2.90 | 3.40 |
| 46 days to 179 days | 3.90 | 4.40 |
| 180 days to 210 days | 4.40 | 4.90 |
| 211 days to less than 1 year | 4.40 | 4.90 |
| 1 year to less than 2 years | 5.10 | 5.60 |
| 2 years to less than 3 years | 5.10 | 5.60 |
| 3 years to less than 5 years | 5.30 | 5.80 |
| 5 years and upto 10 years | 5.40 | 6.20 |
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%).
Example
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 6.80% with a tenure of 3 years for regular account holders the closing amount will round upto Rs 2,35,345 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 2,36,505 on quarterly compounding frequency.
Amount : 2,20,000
| Time period | ROI%regular | ROI%senior citizen | Maturity value(regular) | Maturity value(senior citizen) |
| 1 year | 6.70% | 7.20% | 2,35,114 | 2,36,272 |
| 2 years | 6.75% | 7.25% | 2,35,230 | 2,36,388 |
| 3 years | 6.80% | 7.30% | 2,35,345 | 2,36,505 |
Other Major FD Interest Rates & Calculator
- Check HDFC Bank FD Interest Rates Calculator
- Compare Bajaj Finserv Fixed Deposit Interest Rates
- Details About PNB Fixed Deposit Interest Rates Calculator
- Get Ratnakar Bank Fixed Deposit Interest Rates
About SBI (State Bank of India):
SBI 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.
Bank 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.
State Bank of India Fixed Deposit Contact Number
Below are the Contact numbers which are provided by State Bank of India.
State Bank Bhavan, Madam Cama Road, Mumbai 400 021
Email: chairmansbi.customer@sbi.co.in
Call SBI’s 24X7 helpline number i.e.
- 1800 11 2211 (toll-free)
- 1800 425 3800 (toll-free)
- 080-26599990
Toll free numbers are accessible from all landlines and mobile phones in the country.”