SBI FD Rates- After HDFC Bank, now State Bank of India (SBI) has announced a hike in fixed deposit (FD) interest rates.
According to SBI’s website, SBI has changed the rates on deposits of less than Rs 2 crore. The increased rates of the bank on FD have been implemented from 15 January 2022 i.e. from today itself.
According to the website, the bank has increased the interest rates by up to 10 basis points (bps) for a select period. SBI has increased the interest rate on FDs of more than one year and less than two years. The bank has increased the rate of interest on FDs for this period from 5 percent to 5.1 percent. Similarly, the rate of interest for senior citizens has been increased from 5.50 per cent to 5.60 per cent. Explain that SBI gives the highest interest rate of 5.40 percent on FDs of 5-10 years. For this period, the bank has been giving interest at the rate of 6.20 per cent to senior citizens.
See new FD rates-
| Duration | Rate of interest | interest for senior citizens |
| 7-45 days | 2.90% | 3.40% |
| 46-179 days | 3.90% | 4.40% |
| 180-210 days | 4.40% | 4.90% |
| 211 days to less than 1 year | 4.40% | 4.90% |
| 1 year 1 day to less than 2 years | 5.00% | 5.60% |
| 2 years 1 day – 3 years | 5.10% | 5.60% |
| 3 years 1 day – 5 years | 5.30% | 5.80% |
| 5 years 1 day – 10 years | 5.40% | 6.20% |
Know HDFC Bank’s Latest FD Rates
Private sector HDFC Bank (HDFC Bank) has increased interest rates on fixed deposits (FD) for a select period. HDFC Bank has changed the rates on deposits of less than Rs 2 crore. The bank’s increased rates on FD are applicable from 12 January 2022. According to the bank’s website, now FDs between 2 years 1 day and 3 years will get 5.2% interest. 5.4% on 3 year 1 day and 5 year FD and 5.6% on 5 year 1 day and 10 year FD.
According to the bank’s website, HDFC Bank will pay an interest of 2.50 per cent on deposits maturing in 7 to 29 days and 3 per cent on FDs with maturities of 30 to 90 days. FDs with maturities of 91 days to 6 months will pay 3.5 percent interest and for FDs with maturities of 6 months to 1 day to less than one year, interest will be 4.4 percent. On the other hand, the bank is offering 4.9 percent on one year FD. Whereas, ICICI Bank FD rates range between 2.5-5.5% for tenures between 7 days to 10 years.
