SBI or State Bank of India, the largest lender of the country, recently hiked its fixed deposit or FD interest rates across various maturities. The recent hike in interest rate for fixed deposit in SBI came just two days before the repo rate was hiked to 6.50 per cent in the latest RBI policy. India Post or the Department of Post, which also offers banking services in the country, has the option of creating several deposit accounts, one of which is its time deposit or fixed deposit account. Post office fixed deposit interest rate varies according to tenures varying up to 5 years.
SBI or State Bank of India, the largest lender of the country, recently hiked its fixed deposit or FD interest rates across various maturities. The recent hike in interest rate for fixed deposit in SBI came just two days before the repo rate was hiked to 6.50 per cent in the latest RBI policy. India Post or the Department of Post, which also offers banking services in the country, has the option of creating several deposit accounts, one of which is its time deposit or fixed deposit account. Post office fixed deposit interest rate varies according to tenures varying up to 5 years.
SBI or State Bank of India, the largest lender of the country, recently hiked its fixed deposit or FD interest rates across various maturities. The recent hike in interest rate for fixed deposit in SBI came just two days before the repo rate was hiked to 6.50 per cent in the latest RBI policy. India Post or the Department of Post, which also offers banking services in the country, has the option of creating several deposit accounts, one of which is its time deposit or fixed deposit account. Post office fixed deposit interest rate varies according to tenures varying up to 5 years.
Given below is a comparison of fixed deposit or FD interest rates offered by SBI and India Post:
Fixed deposit rates of SBI:
The following SBI FD interest rates are applicable on retail fixed deposits (below Rs 1 crore) with effect from 30.07.2018:
(All figures in % per annum)
Latest SBI FD interest rates for senior citizens:
The following SBI FD interest rates for senior citizens are applicable on retail fixed deposits (below Rs 1 crore) with effect from 30.07.2018:
(All figures in % per annum)
(Also Read: Need To Open A Recurring Deposit Account? Compare Interest Rates Paid By Financial Institutions)
Latest SBI FD interest rates for general public on fixed deposits between Rs 1 crore to Rs. 10 crore
(All figures in % per annum)
Latest SBI FD interest rates for senior citizens on fixed deposits between Rs 1 crore to Rs. 10 crore
(All figures in % per annum)
Latest SBI FD interest rates for general public on fixed deposits above Rs. 10 crore
(All figures in % per annum)
Latest SBI FD interest rates for senior citizens on fixed deposits above Rs. 10 crore
(All figures in % per annum)
(All the FD interest rates are from sbi.co.in)
India Post FD interest rates
The following interest rates are from indiapost.gov.in:
Small finance banks' FD interest rates are much higher than what SBI and India Post offer.
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