SBI Fixed Deposit Rates From June 2022:
The interest rate on fixed deposits has been increased by the country’s largest public sector bank, State Bank of India (SBI). The new interest rates are effective from June 14, 2022.
as a result of the modification made by RBI in repo rate few days back
Watch deposit rates video here :
On deposits of 7 days to 45 days the bank will offer an interest rate of 2.90% and on deposits of 46 days to 179 days the interest rate will remain same at 3.90%. Deposits maturing in 180 days to 210 days will continue to get an interest rate of 4.40% but on deposits of 211 days to less than 1 year the bank has increased the interest rate from 4.40% to 4.60% . SBI will now offer an interest rate of 5.30% which was 5.10% earlier, a hike of 0.20% on deposits of 1 year to less than 2 years.
Deposits maturing in two to three years will now return 5.35 %, up from 5.20 % previously. The bank will give an interest rate of 5.45 % on deposits of 3 to less than 5 years, while the interest rate on deposits of 5 to 10 years will remain at 5.50 %. Senior citizens will continue to receive an additional rate of 0.50 % over the regular rate on deposits of 7 days to 5 years, and following today’s revision, senior citizens will receive an interest rate of 5.10 per cent on deposits of 211 days to less than 1 year, 5.80 per cent on deposits of 1 year to less than 2 years, and 5.85 per cent on deposits maturing in 2 years to less than 3 years.
