State Bank gave Diwali gift, increased rates on FD, now know how much income will increase on deposit
According to the State Bank website, the rates have been increased from 0.25 percent to 0.8 percent for different periods. The new rates have come into effect from 22 October.
SBI hikes FD rates
State Bank of India has given a big gift to its customers just before Diwali. The bank has increased the interest rates on FDs by up to 0.8 percent for a specific period. State bank According to the website, the rates have been increased from 0.25 percent to 0.8 percent for different periods. The new rates will be applicable from October 22. FD rates have been increased for the second time by the bank in a week. During this period, the rates on deposits of certain tenures have increased by up to 0.9 percent.
Rates on FD increased by how much
According to the information given by the bank, with this increase, interest on deposits of less than Rs two crore for a period of more than 211 days but less than one year will be 5.50 percent, which was 4.70 percent earlier. For other maturities, the interest rate has been increased from 0.25 percent to 0.60 percent. At the same time, interest on deposits has been retained at three percent for a period of seven to 45 days. The interest rates on FDs have been increased from 4 per cent to 4.5 per cent for a tenure of 46 days to 179 days. At the same time, FD rates have been increased from 4.65 percent to 5.25 percent for a period of 180 days to 210 days. At the same time, the rates have been increased from 5.85 percent to 6.1 percent for a period of 5 years to 10 years.
Senior citizens also got relief
Senior citizens have also got relief amid rising inflation. The deposit rates for senior citizens for a period of 46 days to 179 days have been increased from 4.5 per cent to 5 per cent. At the same time, the deposit rates have been increased from 5.15 percent to 5.75 percent for the period of 180 days to 210 days. At the same time, deposit rates for tenures from 211 days to less than 1 year have been increased from 5.2 percent to 6 percent. Deposit rates for more than one year and less than 2 years have now increased from 6.1 per cent to 6.6 per cent. Deposit rates for more than 2 years and less than 3 years have come down to 6.15 per cent to 6.75 per cent. At the same time, the rates for 3 to 5 years have increased from 6.3 percent to 6.6 percent and for deposits between 5 years to 10 years, the rates have increased from 6.65 percent to 6.9 percent.
