Before the new year, SBI gave good news to crores of customers, the rule of increasing interest has been implemented from today

SBI FD Rate: If you have an account with SBI or you have opened a savings account with the bank, this news will make you happy. SBI has increased the interest rate on FD. Increased interest rate to Rs. Applicable on FD below 2 crores. The new rate has been implemented from 27 December 2023. The bank has increased interest rates for all tenors of more than one year, less than two years, more than 2 years, less than 3 years and more than five years. Earlier, Bank of India, DCB Bank and Federal Bank have also increased interest rates. SBI has increased interest rates by 50 basis points for FDs maturing within 45 days.

6.75% interest on FDs maturing in less than 5 years

SBI has increased interest rates by 50 basis points for FDs maturing in seven to 45 days. You will earn interest at the rate of 3.50% on these deposits. The interest on FDs from 46 days to 179 days has been increased by 25 basis points and the interest rate will be 4.75%. The bank has increased the interest rate on FD by 50 basis points from 180 days to 210 days. This FD will earn interest at the rate of 5.75%. The bank has increased interest by 25 basis points on tenors of 211 days to less than a year. Now 6.75% interest will be earned on FD maturing in less than 5 years from three years.

New FD rates applicable from today

Senior citizens will get 50 basis points more interest on these deposits from the bank. After the new hike, SBI has increased interest on FDs maturing in seven days to 10 years from 4 to 7.5%. SBI last changed FD rates in February 2024.