The rate of interest under this scheme is declared by the Government in advance before every quarter. The new scheme is known as the ‘SBI Wecare Deposit’ and is available since 12 May 2020. Latest SBI interest rates are enclosed below. If your savings account balance is above Rs.1 lakh, then SBI Savings Account Interest Rate will be 2.75% lesser than the current Repo Rate. The State Bank of India (SBI) has launched a new fixed deposit scheme for the elderly or senior citizens. ... SBI NRI Services - Interest Rates - Interest Rates. These accounts do usually carry the facility of issuing cheques. Similarly, FDs between 180 days to up to one year of tenure will earn 5.3% interest and FD rate for fixed deposits of tenure of one year to up to three years is 6%. For further information on Regular Current Account, Please Contact Nearest SBI Branch or Call - 1800112211 (Toll Free) , 18004253800 (Toll Free) , 08026599990 (Charges Apply). *The information provided on this website/page is only for information sake. For tenure of 1 year to 5 years, one can avail the highest FD interest rates SBI of 6.20% per annum on Senior citizen SBI FD. SBI FD Interest Rates SBI FD rates refer to the rates at which interest is paid on a fixed deposit account for a tenure ranging between 7 days to 10 years. SBI RD Interest Rates with Latest Schemes in January 2021. This a good news for savings account holders of the bank since with effect from May 1 it was announced that SBI will link the interest rate of savings accounts having balances above Rs 1 lakh to the repo rate. Despite cutting down the SBI FD rate of interest of some FDs, the bank has as well launched an FD to safeguard the interest of senior citizens in this falling interest rate time. Below are the interest rates for withdrawn Current and Savings Accounts that are no longer available to new customers. Q5. Product information is authentic and solely based on the information received from the Insurer© Copyright 2008-2021 policybazaar.com. Is it possible to change the tenure of my existing fixed deposit account with SBI? Moreover, the new SBI rate of interest on FD between 180 days to up to one year is 5.3% and FDs between one year to less than three years will earn 6% interest. This C. Acc offers several services at discounted rates… The State Bank of India offers a broad range of fixed deposits that fetch a good interest rate and plenty of other benefits such as nomination facility, flexible tenure duration, auto renewability options, different interest options, overdraft/ loan facility, etc. Current BPLR (w.e.f. *Terms & Conditions Apply. In the previous month, SBI had cut down the interest rate on deposits below 1 crore Rupees by 25 basis points. This scheme (SBI We Care) of SBI fixed deposits will be extended till 31st March 2021 as per the website of SBI. Currently, SBI is offering a 5.4% rate of interest on a fixed deposit scheme for five years to the general public. This scheme was initially till September. as updated on . If your savings account balance is above Rs.1 lakh, then SBI Savings Account Interest Rate will be 2.75% lesser than the current Repo Rate. Interest Rates … The SBI has revised the interest rates only for FD with a maturity date of 1 year to less than two years. 01.01.2021 ... State Bank of … Saving deposits balance above ₹ 1 crore charges 4 per cent per annum interest … For an investment period of 211 days to less than 2 years, the account holder can avail a 4.90% to 5.60% interest rate on FD in SBI per annum. State Bank of India (SBI) Fixed Deposit Interest Rates are between 2.90% and 5.40%. Breadcrumbs. The new FD interest rates will be made applicable to both the fresh deposits and the renewal of the maturing deposits. Budget 2020 NDTV Profit Team Updated: February 21, 2018 … Interest is generally not paid in case of current accounts.. Current accounts … From five years to up to ten years it will have a 5.4% interest rate. In case of senior citizens, the interest rate goes up to 6.20%. Citizens above the age of 60 years are offered additional interest of 50 percent per annum on all tenures. Two Year MCLR (2Y) 8.15% . FDs having a maturity period of 3 years to less than 5 years get a 5.3% rate of interest. *Free remittance to India for account holders who maintain the minimum monthly average balance of £500. Hereby informed that their information submitted on the website May be shared with insurers common people will continue 50. 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