SBI FD Interest Rates 2020 | SBI Fixed Deposit interest rates 2020

State Bank Of India offers several deposit schemes for its customers and SBI Fixed deposit schemes offers very competitive interest rate. So SBI FD is considered one of the safest investment schemes available in the market.

SBI revised Fixed Deposit interest rates on May 2020. Find below latest SBI FD interest rates.

SBI FD Interest Rates (p.a.) w.e.f. 27.05.2020 (Below Rs. 2 Crore)

Tenure Regular Citizens FD rates Senior Citizens FD rates
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 year 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 up to 10 years 5.40 6.20

Above SBI Fixed deposit rate revised on 27th May 2020 and may change any time without prior notice.

SBI offers a special interest rate for it’s staff and pensioners. They will get additional 1% interest rates on their FD.

SBI resident Indian senior citizen Pensioners will get 1.5% additional interest than the regular Indian Citizen

 

 SBI Fixed Deposit interest rates - Term wise

  • For regular Citizens – SBI FD interest rates ranges from 2.90% to 4.40% p.a for deposits with a tenure of 7 days to less than 365 days.
  • For Senior Citizens – It ranges from 3.40% to 4.90% p.a. (with a tenure of 7 days to less than 365 days.)
  • For 1 year to less than 5 years – SBI regular citizens will get an interest rate of 5.10% to 5.30% p.a Where as Senior Citizens will get 5.60% to 5.80% p.a
  • 5 years and up to 10 years tenure, regular citizens will get 5.40% p.a Where as Senior Citizens will get 6.20% p.a

 

 SBI Non Resident External (NRE) FD Interest Rate

By using SBI’s NRE Fixed Deposit account, NRIs can deposit their savings and earn a good interest p.a without any risk.

 Non Resident External (NRE) FD interest rates 2020

SBI FD Interest Rates (p.a.)

Tenure Below Rs.2 Crore Rs.2 Crore & above
1 to (less than) 2 years 5.10% 2.90%
2 years to less than 3 years 5.10% 3.00%
3 years to less than 5 years 5.30% 3.00%
5 years and upto 10 years 5.40% 3.00%

If you withdraw your deposit before 1 year, you will not get any interests.

Also note that these interest rates may change at any time without prior notice.

 

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