Core Viewpoint - State Bank of India (SBI) has increased fixed deposit interest rates by 25 basis points for select tenures, while maintaining rates for deposits below Rs 3 crore [8]. Summary by Category Fixed Deposit Interest Rate Changes - For deposits maturing between 46 days and 179 days, the interest rate has been raised from 5.10% to 5.35% [1][8]. - For tenures of 180 days to less than one year, the rate has increased from 5.60% to 5.85% [1][8]. - For deposits with a maturity of one year to less than two years, the rate has been revised from 6.25% to 6.50% [1][8]. Senior Citizens' Fixed Deposit Rates - For senior citizens, deposits maturing between 46 and 179 days have seen an increase from 5.60% to 5.85% [2][8]. - The rate for tenures of 180 days to less than one year has been increased from 6.10% to 6.35% [2][8]. - For deposits with a maturity of one year to less than two years, the rate has been revised from 6.75% to 7% [2][8]. Additional Information - The revised interest rates will apply to fresh deposits and renewals of maturing deposits, with all other terms and conditions remaining unchanged [5][9]. - A premature penalty of 1% will be applicable for bulk term deposits across all tenors for new deposits, including renewals [6][9].
SBI hikes FD interest rate by 25 bps on these deposits: Check details
The Economic Times·2026-03-20 07:05