SBI Now Pays 4.9% Interest On 1-Year Fixed Deposit. Here Are Other Rates

SBI Fixed Deposit Interest Rate: State Bank of India marginally revised interest rates on fixed deposits earlier this month. With effect from September 10, SBI pays an annual return of 5.40 per cent to senior citizens and 4.90 per cent to other customers retail deposits - or fixed deposits up to Rs 2 crore - of a maturity period of one year to less than two years, according to the lender's website - sbi.co.in. That marks a 20-basis-point lower in the interest rates, compared to the existing 5.60 per cent and 5.10 per cent respectively. .Commercial banks such as SBI - the country's largest lender by assets - revise the interest rates applicable to various financial instruments, such as term deposits - also known as fixed deposits, which are deposits locked in for a "fixed" period of time at a pre-defined rate. .Here are the latest interest rates provided by SBI on its retail fixed deposits:.table.tble_wrap9 { border-top: solid 1px #ccc; border-left: solid 1px #ccc; xborder-right: solid 1px #ccc; font-size: 16px; } table.tble_wrap9 th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table.tble_wrap9 td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; line-height: 18px; } /*Media Query start*/ @media only screen and (max-width: 760px), (min-device-width: 768px) and (max-device-width: 1024px) { /* Force table to not be like tables anymore */ table.tble_wrap9, thead, tbody, th, td, tr { font-size: 14px; } } /* Smartphones (portrait and landscape) ----------- */ @media only screen and (min-device-width : 320px) and (max-device-width : 480px) { body { padding: 0; margin: 0; } table.tble_wrap9, thead, tbody, th, td, tr { font-size: 14px; } table.tble_wrap9 th { padding: 4px; } table.tble_wrap9 td { padding: 4px; } /*table.tble_wrap9 th:nth-child(4), table.tble_wrap9 td:nth-child(4), table.tble_wrap9 th:nth-child(5), table.tble_wrap9 td:nth-child(5), table.tble_wrap9 th:nth-child(6), table.tble_wrap9 td:nth-child(6), table.tble_wrap9 th:nth-child(7), table.tble_wrap9 td:nth-child(7) { display: none; }*/ } /*Media Query END*/ . Maturity Period Interest Rate With Effect From September 10 Public Senior citizen Seven days to 45 days 2.9% 3.4% 46 days to 179 days 3.9% 4.4% 180 days to 210 days 4.4% 4.9% 211 days to less than one year 4.4% 4.9% One year to less than two years 4.9% 5.4% Two years to less than three years 5.1% 5.6% Three years to less than five years 5.3% 5.8% Five years and up to 10 years 5.4% 6.2% (Source: sbi.co.in) .FDs have been the financial instrument of choice for more conservative investors with a generally low risk-appetite. .Last month, the Reserve Bank of India (RBI) held the repo rate - or the key interest rate at which it lends short-term funds to commercial banks such as SBI - steady at 4 per cent, promising to retain an "accommodative" stance for as long as necessary to revive growth and mitigate the impact of COVID-19 while ensuring inflation remains within target. .The RBI has already reduced the repo rate by a total of 115 basis points since February, on top of the 135 basis points in an easing cycle last year, from 6.50 per cent..table.tble_wrap6 { border-top: solid 1px #ccc; border-left: solid 1px #ccc; xborder-right: solid 1px #ccc; font-size: 16px; } table.tble_wrap6 th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table.tble_wrap6 td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; line-height: 18px; } /*Media Query start*/ @media only screen and (max-width: 760px), (min-device-width: 768px) and (max-device-width: 1024px) { /* Force table to not be like tables anymore */ table.tble_wrap6, thead, tbody, th, td, tr { font-size: 14px; } } /* Smartphones (portrait and landscape) ----------- */ @media only screen and (min-device-width : 320px) and (max-device-width : 480px) { body { padding: 0; margin: 0; } table.tble_wrap6, thead, tbody, th, td, tr { font-size: 14px; } table.tble_wrap6 th { padding: 4px; } table.tble_wrap6 td { padding: 4px; } /*table.tble_wrap6 th:nth-child(4), table.tble_wrap6 td:nth-child(4), table.tble_wrap6 th:nth-child(5), table.tble_wrap6 td:nth-child(5), table.tble_wrap6 th:nth-child(6), table.tble_wrap6 td:nth-child(6), table.tble_wrap6 th:nth-child(7), table.tble_wrap6 td:nth-child(7) { display: none; }*/ } /*Media Query END*/ .table.tble_wrap7 { border-top: solid 1px #ccc; border-left: solid 1px #ccc; xborder-right: solid 1px #ccc; font-size: 16px; } table.tble_wrap7 th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table.tble_wrap7 td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; line-height: 18px; } /*Media Query start*/ @media only screen and (max-width: 760px), (min-device-width: 768px) and (max-device-width: 1024px) { /* Force table to not be like tables anymore */ table.tble_wrap7, thead, tbody, th, td, tr { font-size: 14px; } } /* Smartphones (portrait and landscape) ----------- */ @media only screen and (min-device-width : 320px) and (max-device-width : 480px) { body { padding: 0; margin: 0; } table.tble_wrap7, thead, tbody, th, td, tr { font-size: 14px; } table.tble_wrap7 th { padding: 4px; } table.tble_wrap7 td { padding: 4px; } /*table.tble_wrap7 th:nth-child(4), table.tble_wrap7 td:nth-child(4), table.tble_wrap7 th:nth-child(5), table.tble_wrap7 td:nth-child(5), table.tble_wrap7 th:nth-child(6), table.tble_wrap7 td:nth-child(6), table.tble_wrap7 th:nth-child(7), table.tble_wrap7 td:nth-child(7) { display: none; }*/ } /*Media Query END*/ .table.tble_wrap7 { border-top: solid 1px #ccc; border-left: solid 1px #ccc; xborder-right: solid 1px #ccc; font-size: 16px; } table.tble_wrap7 th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table.tble_wrap7 td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; line-height: 18px; } /*Media Query start*/ @media only screen and (max-width: 760px), (min-device-width: 768px) and (max-device-width: 1024px) { /* Force table to not be like tables anymore */ table.tble_wrap7, thead, tbody, th, td, tr { font-size: 14px; } } /* Smartphones (portrait and landscape) ----------- */ @media only screen and (min-device-width : 320px) and (max-device-width : 480px) { body { padding: 0; margin: 0; } table.tble_wrap7, thead, tbody, th, td, tr { font-size: 14px; } table.tble_wrap7 th { padding: 4px; } table.tble_wrap7 td { padding: 4px; } /*table.tble_wrap7 th:nth-child(4), table.tble_wrap7 td:nth-child(4), table.tble_wrap7 th:nth-child(5), table.tble_wrap7 td:nth-child(5), table.tble_wrap7 th:nth-child(6), table.tble_wrap7 td:nth-child(6), table.tble_wrap7 th:nth-child(7), table.tble_wrap7 td:nth-child(7) { display: none; }*/ } /*Media Query END*/ .table.tble_wrap9 { border-top: solid 1px #ccc; border-left: solid 1px #ccc; xborder-right: solid 1px #ccc; font-size: 16px; } table.tble_wrap9 th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table.tble_wrap9 td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; line-height: 18px; } /*Media Query start*/ @media only screen and (max-width: 760px), (min-device-width: 768px) and (max-device-width: 1024px) { /* Force table to not be like tables anymore */ table.tble_wrap9, thead, tbody, th, td, tr { font-size: 14px; } } /* Smartphones (portrait and landscape) ----------- */ @media only screen and (min-device-width : 320px) and (max-device-width : 480px) { body { padding: 0; margin: 0; } table.tble_wrap9, thead, tbody, th, td, tr { font-size: 14px; } table.tble_wrap9 th { padding: 4px; } table.tble_wrap9 td { padding: 4px; } /*table.tble_wrap9 th:nth-child(4), table.tble_wrap9 td:nth-child(4), table.tble_wrap9 th:nth-child(5), table.tble_wrap9 td:nth-child(5), table.tble_wrap9 th:nth-child(6), table.tble_wrap9 td:nth-child(6), table.tble_wrap9 th:nth-child(7), table.tble_wrap9 td:nth-child(7) { display: none; }*/ } /*Media Query END*/ .table.tble_wrap6 { border-top: solid 1px #ccc; border-left: solid 1px #ccc; xborder-right: solid 1px #ccc; font-size: 16px; } table.tble_wrap6 th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table.tble_wrap6 td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; line-height: 18px; } /*Media Query start*/ @media only screen and (max-width: 760px), (min-device-width: 768px) and (max-device-width: 1024px) { /* Force table to not be like tables anymore */ table.tble_wrap6, thead, tbody, th, td, tr { font-size: 14px; } } /* Smartphones (portrait and landscape) ----------- */ @media only screen and (min-device-width : 320px) and (max-device-width : 480px) { body { padding: 0; margin: 0; } table.tble_wrap6, thead, tbody, th, td, tr { font-size: 14px; } table.tble_wrap6 th { padding: 4px; } table.tble_wrap6 td { padding: 4px; } /*table.tble_wrap6 th:nth-child(4), table.tble_wrap6 td:nth-child(4), table.tble_wrap6 th:nth-child(5), table.tble_wrap6 td:nth-child(5), table.tble_wrap6 th:nth-child(6), table.tble_wrap6 td:nth-child(6), table.tble_wrap6 th:nth-child(7), table.tble_wrap6 td:nth-child(7) { display: none; }*/ } /*Media Query END*/ .table.tble_wrap7 { border-top: solid 1px #ccc; border-left: solid 1px #ccc; xborder-right: solid 1px #ccc; font-size: 16px; } table.tble_wrap7 th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table.tble_wrap7 td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; line-height: 18px; } /*Media Query start*/ @media only screen and (max-width: 760px), (min-device-width: 768px) and (max-device-width: 1024px) { /* Force table to not be like tables anymore */ table.tble_wrap7, thead, tbody, th, td, tr { font-size: 14px; } } /* Smartphones (portrait and landscape) ----------- */ @media only screen and (min-device-width : 320px) and (max-device-width : 480px) { body { padding: 0; margin: 0; } table.tble_wrap7, thead, tbody, th, td, tr { font-size: 14px; } table.tble_wrap7 th { padding: 4px; } table.tble_wrap7 td { padding: 4px; } /*table.tble_wrap7 th:nth-child(4), table.tble_wrap7 td:nth-child(4), table.tble_wrap7 th:nth-child(5), table.tble_wrap7 td:nth-child(5), table.tble_wrap7 th:nth-child(6), table.tble_wrap7 td:nth-child(6), table.tble_wrap7 th:nth-child(7), table.tble_wrap7 td:nth-child(7) { display: none; }*/ } /*Media Query END*/ .table.tble_wrap7 { border-top: solid 1px #ccc; border-left: solid 1px #ccc; xborder-right: solid 1px #ccc; font-size: 16px; } table.tble_wrap7 th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table.tble_wrap7 td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; line-height: 18px; } /*Media Query start*/ @media only screen and (max-width: 760px), (min-device-width: 768px) and (max-device-width: 1024px) { /* Force table to not be like tables anymore */ table.tble_wrap7, thead, tbody, th, td, tr { font-size: 14px; } } /* Smartphones (portrait and landscape) ----------- */ @media only screen and (min-device-width : 320px) and (max-device-width : 480px) { body { padding: 0; margin: 0; } table.tble_wrap7, thead, tbody, th, td, tr { font-size: 14px; } table.tble_wrap7 th { padding: 4px; } table.tble_wrap7 td { padding: 4px; } /*table.tble_wrap7 th:nth-child(4), table.tble_wrap7 td:nth-child(4), table.tble_wrap7 th:nth-child(5), table.tble_wrap7 td:nth-child(5), table.tble_wrap7 th:nth-child(6), table.tble_wrap7 td:nth-child(6), table.tble_wrap7 th:nth-child(7), table.tble_wrap7 td:nth-child(7) { display: none; }*/ } /*Media Query END*/

SBI Now Pays 4.9% Interest On 1-Year Fixed Deposit. Here Are Other Rates

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