SBI FD Interest Rates – November 2019 latest updates

If you are planning to go for investments like FD(Fixed Deposit) and wish to have a quick view on the SBI FD interest rates or NRE FD Interest Rates offered by SBI then you are at the right place. Please note that this post is a general discussion based only on the SBI FD interest rate charts which are coming into effect on the 10th of November 2019. For detailed rules and policies please contact the Bank branches near your location.

The State Bank of India (SBI) is an Indian public sector bank. It is the largest bank in India. SBI handles a huge chunk of loan and deposits market in India. SBI has thousand of branches in India. It has its international presence as well.

In the next few paragraphs, you will find charts on SBI Fixed Deposit interest rates encompassing Domestic FD rates and NRE FD Interest Rates. You will also find a view on the Senior Citizen FD rates (SBI FD interest rate chart for Senior Citizens). (Source: SBI Portal)

SBI FD Interest Rates

SBI FD Interest Rate – Retail DOMESTIC TERM DEPOSITS (Below Rs 2 Crore)

These are FD rates for domestic term deposits where the amount deposited is less than Rs 2 Crores.

The rate is as per rate chart applicable w.e.f 10.11.2019.
(all figures in % per year)

Tenures Public Senior Citizens
7 days to 45 days4.55
46 days to 179 days5.56
180 days to 210 days5.86.3
211 days to less than 1 year5.86.3
1 year to less than 2 year6.256.75
2 years to less than 3 years6.256.75
3 years to less than 5 years6.256.75
5 years and up to 10 years6.256.75

SBI Fixed Deposit Interest RatesDomestic Bulk Term Deposits (Rs. 2 Crores and above)

These are FD rates for domestic bulk term deposits where the amount deposited is Rs 2 Crores or more than Rs 2 Crores.

The rate is as per rate chart applicable w.e.f 10.11.2019.
(all figures in % per year)

TenurespublicSenior Citizen
7 days to 45 days44.5
46 days to 179 days4.755.25
180 days to 210 days5.255.75
211 days to less than 1 year5.255.75
1 year to less than 2 years5.255.75
2 years to less than 3 years5.255.75
3 years to less than 5 years5.255.75
5 years and upto 10 years5.255.75

Senior Citizen FD Rates – SBI FD Interest Rates

FD rates for senior citizen

1> For retail domestic term deposit (below Rs 2 crore) resident Indian Senior Citizens are eligible to get a 0.50% higher interest rate than the rest of the resident Indian investors.

So for a senior citizen the FD interest rate ranges from 5 % to 6.75 % [w.e.f. 10.11.2019] for retail domestic term deposit (below Rs 2 crore)

2> For Domestic Bulk Term Deposits (Rs. 2 Crores and above) resident Indian Senior Citizens are again eligible to get a 0.50% higher interest rate.

In this case, FD interest rate ranges from 4.5 % to 5.75 % [w.e.f. 10.11.2019]

NRE FD Interest Rates – SBI NRI Services (NRE Fixed Deposit Interest Rate)

These are FD rates applicable for SBI NRI ServicesNRE Fixed Deposits

The rate is as per rate chart applicable w.e.f 10.11.2019.
(all figures in % per year)

Tenuresbelow Rs 2 cr2 cr and above
1 year less than 2 years6.255.25
2 years to less than 3 years6.255.25
3 years to less than 5 years6.255.25
5 years and upto 10 years6.255.25

NRO Fixed Deposit – SBI NRO FD

NRO Fixed Deposit Interest Rates in SBI

SBI NRO FD rates are shown in the above table. The rate is as per rate chart applicable w.e.f 10.11.2019.

state bank of india - fd rates

Conclusion

Here we have discussed briefly on SBI FD Interest Rate (domestic retail and bulk), NRE FD Interest rates, and senior citizen FD rates based on 10th November 2019 rate cards.

As FD interest Rates of any financial institute may change without prior notice, so it’s always good to have a quick look at the rate charts when you visit the bank or other financial institutes to get your FD done. Also, you may discuss the pointers mentioned on our FD Faq page along with other queries you have in your mind. If you find or suspect any anomaly in the data given on any page in this site then please refer to the corresponding company/bank portal.

Sources: SBI Portal
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SBI FD Interest Rates – November 2019 latest updates
SBI FD Interest rates
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