look news india
If you also want to earn good income from FD, then State Bank of India (SBI) has now brought a very attractive offer for you. This largest bank of the country has already made the interest rates of its FD scheme attractive so that you can get good income. The new interest rates are also effective from May 15, 2024. SBI has increased the interest rate on FDs of less than Rs 2 crore by 0.75 percent. Also, if you used to get 5 percent interest on FD for any period, now you will get 5.75 percent.
This much interest will be available on FD!
SBI provides minimum 7 days FD to its customers. It offers different interest rates for FDs of different tenures. Whereas senior citizens are also given additional interest up to 0.50 percent compared to the general public. Following are the various interest rates of SBI for different tenures.
1. For the period of 7 days to 45 days, general public will get 3.5 percent interest and senior citizens will now get 4 percent interest on FD.
2. Now the general public will get 5.5 percent interest instead of 4.75 percent on FDs of 46 days to 179 days. The interest rate for senior citizens will be 6 percent.
3. Now the interest rate for the period of 180 days to 210 days will be 6 percent instead of 5.75 percent. For senior citizens it will be 6.5 percent.
4. Earlier, people used to get 6 percent interest on FDs with tenure ranging from 211 days to less than one year. Now it will be 6.25 percent. For senior citizens it will be 6.75 percent.
5 , Now the interest rate for tenure from 1 year to less than 2 years will be 6.8 percent. For senior citizens it will be 7.3 percent
Additionally, the new interest rate will be 7 percent for FDs with a tenure of more than 2 years but less than 3 years, 6.75 percent for FDs of more than 3 years but less than 5 years, and 6.5 percent for FDs of 5 years to 10 years.
