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SBI: SBI shock for bank deposits ... New rates from today

SBI: SBI shock for bank deposits ... New rates from today
SBI: SBI shock for bank deposits ... New rates from today

State Bank of India-SBI is implementing new interest rates on fixed deposits from today. Recently, fixed deposit interest rates have been reduced. 
Reduced interest rate on retail term deposits by 20 basis points. This is the third time SBI has reduced fixed deposit interest rates since March. Fixed deposit holders at SBI will lose interest rates. They will receive a lower interest rate than what they previously received. The bank has also launched a scheme titled 'SBI Weaker Deposit' for Fixed Deposits of Senior Citizens. With this scheme, senior citizens will benefit greatly.


SBI Interest Rates: New Interest Rates on Fixed Deposits at SBI


7 days to 45 days - 3.3%

46 days to 179 days - 4.3%

180 days to 210 days - 4.8%

From 211 days to less than 1 year - 4.8%

1 year to 2 years - 5.5%

2 years to 3 years - 5.5%

3 years to 5 years - 5.7%

5 years to 10 years - 5.7%


Senior Citizens earn 50 basis points more. This is the interest rates available to senior citizens after SBI deducted interest rates.


7 days to 45 days - 3.8%

46 days to 179 days - 4.8%

180 days to 210 days - 5.3%

From 211 days to less than 1 year - 5.3%

1 year to 2 years 6%

2 years to 3 years - 6%

3 years to 5 years - 6.2%

5 years to 10 years - 6.2%

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