Introduction
India’s largest bank SBI reduced its fixed deposit interest rates. If you are an investor, nowadays parking the money in FD is not an good option because of the low interest rates.
Enter your email address:
In the recent days many of the banks started reducing the interest rates on the fixed deposit schemes. This article presents the latest interest rates for SBI fixed deposit. Not only banks, companies like Mahindra Finance and Tata Motors also reduced the interest rates. Read the comparison article on Tata Motors and Mahindra Finance. I will keep updating the latest fixed deposit interest rates in this blog. If you have any doubts on the fixed deposit, please post it in the comments section. To get the latest news on fixed deposit and other financial news, please subscribe to our future articles here.
SBI Fixed Deposit Interest Rates
State Bank Of India(SBI) has revised its interest rates on Term Deposits on 15.06.2009. The new rates are lower than the previous rates.
|
Interest Rates for Deposits below Rs. One Crore (% p.a.) |
||
|
Tenors |
Existing w.e.f. 18.5.2009 |
Revised w.e.f. 15.06.2009 |
|
15 days to 45 days |
3.25 |
3.00 |
|
46 days to 90 days |
4.25 |
4.00 |
|
91 days to 180 days |
5.50 |
5.25 |
|
181 days to less than 1 year |
6.50 |
6.25 |
|
1 year to less than 2 years |
7.25 |
7.00 |
|
2 years to less than 1000 days |
7.50 |
7.25 |
|
1000 days |
7.75 |
7.50 |
|
1001 days to less than 3 years |
7.50 |
7.25 |
|
3 year to less than 5 years |
7.50 |
7.25 |
|
5 years to less than 8 years |
8.00 |
7.75 |
|
8 years and up to 10 years |
8.25 |
8.00 |
Premature Payment of Term Deposits:
Interest to be paid on premature withdrawal of term deposits at 1.00% below the rate applicable for the period deposit has remained with the Bank.
Update: SBI cuts Term Deposit Interest Rates
Note: Interest rates for the fixed deposit will be updated when the banks announcing publicly. To get the updated rates through email please subscribe to free newsletter here.
Summary
I hope this article is useful to know the latest interest rates for the SBI fixed deposit. I would like to answer all your queries related to the fixed deposit. Please post it in the comments section. To get the updated information on fixed deposit interest rates, subscribe to our email service here. Thank you for reading this article.
Subscribe to our future articles here.
August 4, 2009 at 4:01 am
Hi Krishna,
As you have mentioned in your previous reply to user query, that the Form 15G/15H has to be provided to the bank for that financial year. What happens is the FD is opened and getting matured in two financial year.? Do we have to provide two form for 2 financial years?
Example: suppose I have an FD for 8 lacs opened for 1 year on date 27/12/2008 and maturity on 27/12/2009. The interest income is more than 10000 so I have submitted only 1 form. Will this form be for financial year 2008 /2009? Do I have to submit 2 form for each year ?
Hope you understand my question and will reply ASAP
Thanks
Rahul
August 7, 2009 at 11:08 pm
Yes..you have to submit for each year.
Thanks,
Krishna
November 29, 2009 at 5:51 am
hi
i want to know whether it is compulsory to open saving account or any account before in the bank in which i want to make fixed deposit. e.g if i want to make FD in SBI than is it mandatory to have a any account in SBI at the time of making FD. Reply me as early as possible.
Thankin you,
yours faithfully
dhruvil bhatt
December 7, 2009 at 6:03 am
i want fixed deposit the some of amout for me daughter,so which one i want to take pl.guide me.
January 3, 2010 at 11:23 pm
I am planning to invest money in SBI.Can any one advise me which one is the correct product to invest.
January 6, 2010 at 12:16 am
I want to deposit some amount in fixed deposit in my daughter name
who is minor for a period of 5 year so please suggest me.
January 8, 2010 at 6:52 am
what is the difference between saving plus account and premium saving account
January 28, 2010 at 5:46 pm
if i invested a fixed deposit 100000.00 for the period of 5 years. after 5year how much i will get in sbi.can you please tell me
January 29, 2010 at 2:39 am
Rs 136980.05
January 30, 2010 at 1:56 am
Sir,
I want to know whether it is compulsory to open saving account or any account before in the bank in which i want to make fixed deposit. I would like to deposit an amount of Rs.200000.00 as FD in SBI. what is the interest i get at the end of 3 years. please reply.
January 30, 2010 at 3:10 am
Dear SBI and Website managers,
A number of people across are eager to have the details for the amount they fix in fixed deposits and the final sum assured after the term maturity. Why not a simple application is embedded which calculates the interest and the final amount he will get after maturity, depending upon principle value, interest rate applicable and time duration.
Thanking you in anticipation.
K.Shirisha
February 5, 2010 at 4:14 am
I LIKE TO KNOW HOW MUCH INTERSET WILL I GET IF I DEPOSIT ONE LAC FOR 3 MONTHS
February 12, 2010 at 12:19 am
Dear Sir,
I want to invest 100000 one lac rs in SBI ,CAN tell me the how can i get the higher profit in FD, or in Some other procdre plz tell me ,
With Regards
Abhishek Singh
February 24, 2010 at 11:49 pm
Pls let me know SBI banks’s interest rate for deposit of Sr cititizen
5 Year term
Thanks
March 1, 2010 at 5:34 am
i want to invest 1500000 for 3-5 years @9.5% pl give me the detail of scheme
March 5, 2010 at 11:40 pm
If I deposit 1 crore rupees in a fixed deposit and I need the interest every month. How much will I get? plz let me know soon.
sidharth
March 24, 2010 at 4:06 am
Hi. I want to invest 2 lacs rupees in a fixed deposit for one year, what will be the income tax.
March 28, 2010 at 11:50 pm
Please let me know the FD rate of interest details for babies.
Is there any FD scheme is available for new born female baby? give me the details.
April 5, 2010 at 8:53 am
The Court made a fixed deposit for specific 45 days of Rs 1.98 crores in 2009. Thereafter there was no direction to SBI to renew it further.
The money was lying withg the SBI branch for over 290 days.
The Bank has paid me interest calculated at 45 days interest and its auto renewal.
My contention is that the Bank should pay me interest for 290 days at the interest applicable for that period and NOT at the rate applicable for 45 days or its auto renewal.
Pl clarify.
April 8, 2010 at 3:56 am
I want to deposit some amount in fixed deposit in my daughter name
who is minor for a period of 5 year so please suggest me.
May 29, 2010 at 4:31 am
Dear Sir,
I had taken FDR’s for 1000 Days one and half year before. At that time I was not Senior Citizen.
Now I am a Senior Citizen from dated 15.04.2010
Now, whether on these FDR.s I am entitle to receive intrest at Higher Rate of Intresr, for Senior Citizen period.
Thanks
S.N.Garg
May 29, 2010 at 4:41 am
Dear Sir,
I had taken FDR’s for 1000 Days one and half year before. At that time I was not Senior Citizen.
Now I am a Senior Citizen from dated 15.04.2010
Now, whether on these FDR’s I am entitle to receive intrest at Higher Rate of Intresr, for Senior Citizen period.
Thanks
S.N.Garg
June 8, 2010 at 10:41 pm
Hi
I am planning to invest Rs. 1,00,000 in fixed deposit scheme.
pls provide the interest rate and lock in period.
June 9, 2010 at 10:27 pm
Sir,
June 15, 2010 at 9:56 am
I am planning to invest Rs. 50,000 in fixed deposit for 100days. how much amount can i get and at what interest it should be calculate? can you send me the interest details.
June 16, 2010 at 11:25 pm
I am senior citizen planning to invest Rs. 1,00,000 in fixed deposit scheme.
pls provide the interest rate and lock in period.
June 19, 2010 at 10:26 pm
Dear Sir Hi
I am planning to invest Rs. 50,000 in fixed deposit scheme. for 5 years pls provide the interest rate and lock in period.
Yashwant Negi
Delhi
9212916503
June 19, 2010 at 10:29 pm
Dear Sir Hi
I am planning to invest Rs. 50,000 in fixed deposit scheme. for 3 years pls provide the interest rate and lock in period.
Mamta Negi
9711585130
June 23, 2010 at 7:09 am
I am planning to invest Rs. 50,000 in fixed deposit for 100days. how much amount can i get and at what interest it should be calculate? can you send me the interest details.
August 14, 2010 at 10:39 pm
i am planning to invest 10lakh in SBI , can any body say how much intrest i will get per annum and how much tax i need to pay
August 16, 2010 at 3:43 am
Should have published latest F.D. Rates in your website.
August 27, 2010 at 8:58 am
Hi,
I am planning to deposit 5 lacs in fixed deposit in my daughter’s name,who is minor for a period of 10years.Can I know how much i will get after 10 years.Please advice.
October 23, 2010 at 11:27 pm
Hi am rajesh;
please let me know about the details if i put 200000 in sbi fixed deposit for 2 years.. how much amount i can get after 2 years.. clearly. please send details to my mail id kkd_raj2yahoo.co.in
Thanking you
Rajesh
February 1, 2011 at 12:14 am
Pls let me know SBI banks’s interest rate for deposit
April 25, 2011 at 3:32 am
i want to invest 50000 in fixed deposite for 100 days .please give interest rate details and how to fixed deposite online.
May 4, 2011 at 11:53 pm
hai,this is Anil,i was searching for money deposit in every month in the sbi bank like as a fixed deposit in the period of 3 years,every month i can deposit 1200.it is possible to deposit,its possible after 3 years how much got the return amount
May 27, 2011 at 8:25 am
Hi, am Shatu Boro
please let me know about the details because i already 30000 fixed deposit in bannerghatta road, billekahali branch on 18/03/2009. after 5 year how much i will get, please send the details to my email id – shatuboro23@yahoo.in. My SBI A/C No. 30714169157.
thanking you
July 4, 2011 at 2:25 am
If i deposit Rs.50,000/- in SBI as fixed deposit what will i get after 5 years
July 14, 2011 at 3:28 am
Planing to invested a 200000/- fixed deposit for 5 years in SBI bank what is interest i can get.
July 14, 2011 at 3:29 am
Planing to invested a 100000/- fixed deposit for 5 years in SBI bank what is interest i can get.
July 18, 2011 at 11:59 pm
i want to invest RS 100000.00(one lekh) for one to two yrs what intrest i iwll get on fixed deposit
August 24, 2011 at 2:03 am
iam panning to invested Rs 6lakh for 5-10 year Fixed Deposit In SBT bank. how can get intrest amount in each months & what is the intrest rate per month ?
September 20, 2011 at 6:49 am
Planing to invested RS 100000.00(one lekh) fixed deposit for 5years in SBI bank what is interest i con get.
October 29, 2011 at 9:48 pm
i would like to tell all investors that instead of investing in just a FD in present senerio of falling interest rates, of any bank, go for a combination of LIC BIMA BACHAT and a FD. You need not invest money out of your pocket, but you get INSURANCE + GURANTEED Return of 8.5%.
November 3, 2011 at 4:30 am
Sir,
I want to know whether it is compulsory to open saving account or any account before in the bank in which i want to make fixed deposit. I would like to deposit an amount of Rs.200000.00 as FD in SBI. what is the interest i get at the end of 3 years. please reply.
November 3, 2011 at 4:35 am
i want fixed deposit the some of amout for me daughter,so which one i want to take pl.guide me.
.December 7th, 2009 at 6:03 am..Raja das said:
I am planning to invest money in SBI.Can any one advise me which one is the correct product to invest.
November 12, 2011 at 2:57 am
IF I deposit Rs 200000/- in SBI as fixed deposit what will I get after 5 years. please send the details to my email id sarithaparvataneni@gmail.com
January 13, 2012 at 4:21 am
Hello Sir / Medam
I would like to know i deposit Rs. 30000/- in SBI as fixed deposit 5 year in billekahalli branch in BANGALORE ( karnataka ) so let me know if my year is over so l can withdraw any state brunch bank or only where i deposit this fixed deposit sceame there only. so please send me details in my Email ID shatuboro23@yahoo.in
January 19, 2012 at 4:11 am
Planing to invested a 100000/- fixed deposit for 1 year in SBI bank what is interest i can get.
February 5, 2012 at 10:49 pm
I want to invest Rs.1.00 lakh on my daughters please suggest me best things to invest for future of my daughter.
Sudhakar Gajm