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SBI hikes interest rates on long-term FDs by upto 15 bps

By ANI | Updated: February 16, 2022 20:40 IST

The country's largest lender State Bank of India (SBI) has increased interest rates on fixed deposits (FDs) by up to 15 basis points or 0.15 per cent with effect from February 15, 2022.

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The country's largest lender State Bank of India (SBI) has increased interest rates on fixed deposits (FDs) by up to 15 basis points or 0.15 per cent with effect from February 15, 2022.

The interest rate on FD for tenure from three years to less than five years has been increased to 5.45 per cent from 5.30 per cent. For senior citizens, the rate has been increased to 5.95 per cent from 5.80 per cent, according to the information put on the SBI website.

The interest rate on FD for tenure two years to less than three years has been increased by 10 basis points to 5.20 per cent from the earlier 5.10 per cent. For the senior citizens, the rate has been increased to 5.70 per cent from the earlier 5.60 per cent.

For five years to 10 years tenure, the interest rate has been increased to 5.50 per cent from the earlier 5.40 per cent. For senior citizens, the rate has been increased to 6.30 per cent from 6.20 per cent.

These rates are applicable for FDs worth less than Rs 2 crore. SBI has left the interest rates on FDs for tenure up to two years unchanged.

( With inputs from ANI )

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: sbiState Bank Of IndiaBank branchesIndia servicesIcici groupNational payment corporation of indiaGoogle research indiaState for educationOperations research groupGovernment of india and reserve bank
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