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SBI cuts interest rate on Fixed Deposits

PUBLISHED:

GUWAHTI: With effect from today (10th February) State Bank of India (SBI), has slashed the interest rate on fixed deposits (FDs) by 10-50 basis points (bps) in retail segment and 25-50 bps in bulk segment.

“In view of surplus liquidity in the system, SBI realigns its interest rate on retail term deposits (less than ₹2 crore) and bulk term deposits ( ₹2 crore and above) w.e.f. February 10, 2020. The bank slashed term deposits rates by 10-50 bps in the retail segment and 25-50 bps in the bulk segment,” after announcing the cut on Friday, SBI had said in a statement.

SBI latest FD interest rates for general public effective 10th February

  • 7 days to 45 days 4.50%
  • 46 days to 179 days 5.00%
  • 180 days to 210 days 5.50%
  • 211 days to less than 1 year 5.50%
  • 1 year to less than 2 year 6.00%
  • 2 years to less than 3 years 6.00%
  • 3 years to less than 5 years 6.00%
  • 5 years and up to 10 years 6.00%

SBI latest FD interest rates for senior citizens effective 10th February

  • 7 days to 45 days 5.00%
  • 46 days to 179 days 5.50%
  • 180 days to 210 days 6.00%
  • 211 days to less than 1 year 6.00%
  • 1 year to less than 2 year 6.50%
  • 2 years to less than 3 years 6.50%
  • 3 years to less than 5 years 6.50%
  • 5 years and up to 10 years 6.50%

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