SBI No Increase in FD Interest Rates on Diwali (Current FD Interest Rates)

For many Indians, State Bank of India (SBI) is the top choice for Fixed Deposits (FD), holding a significant 36% share of the total FDs in government banks.

However, this Diwali, the bank has left customers surprised by not revising FD interest rates since February 2023.

SBI FD Interest Rates:

1. 7 days to 45 days FD: 3% interest for general customers and 3.50% interest for senior citizens.
2. 46 days to 179 days FD: 4.5% interest for general customers and 5% interest for senior citizens.
3. 180 days to 210 days FD: 5.25% interest for general customers and 5.75% interest for senior citizens.
4. FD from 211 days to less than 1 year: 5.75% interest for general customers and 6.25% interest for senior citizens.
5. FD of 1 year to less than 2 years: 6.8% interest for general customers and 7.30% interest for senior citizens.
6. FD from 2 years to less than 3 years: 7% interest for general customers and 7.50% interest for senior citizens.
7. FD from 3 years to less than 5 years: 6.5% interest for general customers and 7% interest for senior citizens.
8. FD of 5 years and up to 10 years: 6.5% interest for general customers and 7.5% interest for senior citizens.

SBI’s Amrit Kalash Scheme:

SBI also offers a special FD scheme known as ‘SBI Amrit Kalash.’ Under this scheme, regular customers can enjoy a 7.10% interest rate on a 400-day FD, while senior citizens receive a 7.60% interest rate.

This scheme allows you to invest up to Rs 2 crore. Despite the lack of revision in FD interest rates, SBI provides attractive options like the Amrit Kalash scheme for customers looking to maximize their returns during this festive season.