SBI FD Interest Rate
SBI FD Interest Rate SBI Fixed Deposit Rates July/Aug 2018: Are you Interested in State Bank of India Fixed Deposits? Are you in search of the details for the State Bank of India Fixed Deposits? Are you willing to know information related to the State Bank of India Fixed Deposits? Are you wanted to know about the rate of interest for the State Bank of India Fixed Deposits? If you are connected with any of the above questions, then you are lucky. You have visited a true place where answers to the above questions are available. Read the complete article for details and information related to the State Bank of India (SBI) Fixed Deposits. You can visit the official website for further details. Also, you can visit the branch office of State Bank of India (SBI) for any clarifications.
State Bank of India is one of the oldest banks in India. It is also considered as the Imperial Bank of India during the British times. State Bank of India has a huge amount of customers. All the stakes of the bank are owned by the central government of India which is a multinational financial association.
State Bank of India has many services for the customers. It offers Credit card, Debit card, internet banking and many other services. Customers owning eligibility to get a service can activate and use the required service of the bank. Services are offered from the branches and some can be made using a smartphone. The introduction of technology had made the authorities to bring applications and SBI Internet banking.
State Bank of India also offered a Service called as Fixed Deposits. Many customers of the State Bank of India are benefitted with the Fixed Deposits service. You can also be one of the benefitted customers of SBI. Before you proceed with getting the service, you can have a look at the information about the State Bank of India. We have provided all the information in this article for your benefit.
State Bank of India SBI Fixed Deposit will help us to make some extra money with the money we had earned. It is always suggestible to make a Fixed Deposit in State Bank of India (SBI). Money is always supposed to be safe and Secure in the banks. So, many consider protecting their money in the bank as a Fixed Deposit which in return gives extra money.
State Bank of India had recently revised the rate of interest for the Domestic Term Deposits. Fixed deposit in State Bank of India can be maintained for 7 days to 10 years. It is customer choice to select the duration of the fixed deposit period. All the revised rate of interest will be in action from 28th March 2018.
Fixed Deposit Rate of Interest for rupees below One Crore:
For the duration of 7 days to 179 days, the rate of interest will be in between 5.75 to 6.25%
For a fixed deposit of duration 180 days to 210 days, the rate of interest will be 6.35%
The rate of Interest for Fixed Deposit duration of 211 days to 1 year will be 6.40%
The rate of Interest for Fixed Deposit duration of 1 year to 3 years will be 6.40% to 6.50%
Fixed Deposit Rate of Interest for Senior Citizens in State Bank of India:
The rate of interest for the senior citizens will be 0.50% greater than all other deposits.
State Bank of India FD Calculator::
You can calculate the returns from the State Bank of India for a fixed deposit. If you are willing to make a fixed deposit in the State Bank of India, then you can use the FD Calculator available on the official website and get benefit from it. It is very easy for the customers to calculate the FD returns. SBI FD calculator is available on the official website for making use of it for all the customers.
If you are interested in the State Bank of India Fixed Deposit scheme, you can now analyze the earners form it. Some simple steps are required to analyze the returns from the bank. For analyzing the returns for the fixed deposit, you need to provide details such as Principle amount, a rate of interest and duration of the Fixed Deposit. After you providing the details, you will be getting the Interest value and Total Maturity value.
A minimum value for State Bank of India Fixed deposits is Rs. 1000. There is no limit to the maximum Fixed Deposit. Minimum tenure for a Fixed Deposit is 6 months and the maximum tenure for the deposit is 10 years. Visit the official website or home branch for clarifications and more details.
1. For making a Fixed Deposit above 50 Crores, you need to visit the home branch.
2. All the update rate of interest is applicable for only new fixed deposits and also renewals of the deposits.
3. An additional 1% interest rate is applicable for the SBI hrms Staff and pensioners.
4. Staff is not eligible for the rate of interest 1% on the NRO deposits, but the rate of interest is applicable on domestic term deposits.
5. A zero Premature penalty is applicable for the withdraw term deposits up to 5 lakhs. But the deposit must be retained for 7 days.
6. For a fixed deposit of 5 lakh to 1 crore, a premature penalty of 1% is applicable.
7. There is no premature penalty for the State Bank of India Staff and pensioners.
SBI FD Interest Rate , July/Aug 2018-2019
SBI FD rates::
|Tenure||FD Rates||Senior Citizen FD Rates|
|7 days to 45 days||5.75%||6.25%|
|46 days to 179 days||6.25%||6.75%|
|180 days to 210 days||6.35%||6.85%|
|211 days to 364 days||6.40%||6.90%|
|1 year to 1 year 364 days||6.70%||7.20%|
|2 years to 2 years 364 days||6.75%||7.25%|
|3 years to 4 years 364 days||6.80%||7.30%|
|5 years to 10 years||6.85%||7.35%|