State Bank of India (SBI) has increased the interest rate on fixed deposits of more than 2 crore, with effect from December 15, 2021. The increased interest rates will be applicable on new deposits as well as deposits maturing in. SBI keeps interest rates low on FDs 2 crore unchanged.
With regard to domestic fixed deposits, the bank has decided to increase the same by 10 basis points (bps) for high value deposits. 2 crores.
SBI latest FD rates below 2 crore for general
State Bank Of India FD between 7 days to 10 years will give from 2.9% to 5.4% to ordinary customers. Senior citizens will get an additional 50 basis points (bps) on these deposits. These rates are effective from 8 January 2021.
7 days to 45 days – 2.9%
46 days to 179 days – 3.9%
180 days to 210 days – 4.4%
211 days to less than 1 year – 4.4%
1 year to less than 2 years – 5%
2 years to less than 3 years – 5.1%
3 years to less than 5 years – 5.3%
5 years and up to 10 years – 5.4%
The country’s top lender has increased the benchmark lending rate or base rate by 0.1 per cent. With the increase, the revised base rate stands at 7.55 per cent as per information posted on SBI’s website. The new rate is effective from December 15, 2021. This decision is not going to affect those who have taken loans since January 2019, but on those who have taken loans before that.
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