Latest SBI FD Interest Rate ✔ Interest Rates For Public ✔ Interest Rates For Senior Citizens ✔ Tenure Upto 10 Years ✔Eligibility ✔ Features ✔ Documents.

Fixed Deposit (FD) provides a high interest rate than a regular savings account. It is considered to be low-risk and safe. The period of FD account typically ranges from 7 days to 10 years. Fixed Deposits of SBI have a higher rate of interest compared to their sbi saving deposits. The interest rates for senior citizen is .50% more in compare to interest rate for public.

SBI FD Interest Rates

SBI FD Interest Rates On Retail Domestic Term Deposits (Below Rupees One Crore)

Tenors Interest Rates For Public Interest Rate For Senior Citizens
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 less than 1 year 6.40 6.90
1 year 6.40 6.90
Above 1 year to 455 days 6.40 6.90
456 days to less than 2 years 6.40 6.90
2 years to less than 3 years 6.50 7.00
3 years to less than 5 years 6.50 7.00
5 years and up to 10 years 6.50 7.00

SBI FD Interest Rates on Domestic Bulk Term Deposits (Rs.1 Crore To Rs. 10 Crores)

Tenors For Public For Senior Citizens
7 days to 45 days 5.75 6.25
46 days to 179 days 6.70 7.20
180 days to 210 days 6.70 7.20
211 days to less than 1 year 6.75 7.25
1 year to 455 days 6.75 7.25
456 days to less than 2 years 6.75 7.25
2 years to less than 3 years 6.75 7.25
3 years to less than 5 years 6.65 7.15
5 years and up to 10 years 6.25 6.75

The rate of interest payable to SBI Staff and SBI pensioners will be 1.00% above the applicable interest rate. All Senior Citizens aged 60 years and SBI Pensioners above will be 0.50% above the rate payable for all tenors to resident Indian senior citizens i.e. SBI resident Indian Senior Citizen Pensioners will get both the benefits of Staff (1%) and resident Indian Senior Citizens (0.50%).

Advantages of SBI Fixed Deposit

  1. Rate of interest is high for senior citizens
  2. Tenure upto 10 Years
  3. Nomination facility available
  4. Automatic renewal option after maturity
  5. Part withdrawal facility on the deposits
  6. Upto 90% of loan on deposit amount
  7. Online access for the Fixed Deposit account

Eligibility For Fixed Deposit

  1. Individual
  2. Minor with a guardian
  3. Partnership
  4. Company
  5. NRIs

Documents Required For FD

  1. Application Form
  2. Photographs
  3. Identity proof
  4. Address proof
  5. PAN Card copy/ Form 60 or 61
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SBI FD Interest Rates Dec 2018 Latest
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