White rabbit demo slot. Want to earn safe returns on your investments? Then, look to invest in a fixed deposit that offers fixed returns over time. But the big question is, where should you open a fixed deposit? The question assumes significance given there are many banks and non-banking finance companies (NBFCs) waiting to make you a customer. But the largest public sector bank State Bank of India (SBI) has a distinctive advantage over others. The reason being the attractive interest rates as well as the massive PAN India presence with around 25,000 branches across the country. It won’t be wrong to say that SBI fixed deposit is a symbol of trust. Catch more of it in this page.
State Bank of India (SBI) Fixed Deposit Interest Rates are between 2.90% and 5.40%. For senior citizens the FD rates are between 3.40% and 5.40%. The FD interest rate for other customers is between 2.90% and 4.90%. The interest rate offered depends on the deposit amount and tenure of the fixed deposit, along with the type of depositor. SBI FD Interest Rates: The State Bank of India (SBI) has revised its fixed deposit (FD) interest rates in select maturity tenor. The new SBI FD rates have become applicable from 8th January 2020 on all retail FDs less than Rs 2 crore. Get more Personal Finance News and Business News on Zee Business. This deposit offers an interest rate ranges from 5.75-6.40% per annum and the tenure period can be 7 days to 365 days i.e. SBI Medium Term. This FD Deposit offers an interest rate of 6.40 to 6.70 per annum as the tenure period rages from 1 year to 5 years. This has a lock-in period of 1 year and after 1 year the liquidity of the deposit.
Table of Contents
- 2 SBI Fixed Deposit Interest Rates and Other Details
- 4 How To Apply for State Bank of India Fixed Deposit?
- 5 SBI Fixed Deposit Form
- 5.1 A Look at SBI’s Branch Network
SBI Fixed Deposit Schemes
The bank offers several fixed deposit plans to cater the diverse financial needs of the customers. It provides deposits for tenures ranging from 7 days to 10 years at varied interest rates. You can open a fixed deposit account with the lowest amount of INR 1,000. Interestingly, the 5-year tax saver fixed deposit of SBI doesn’t come with the maximum limit on deposits. You have the option to select the investment period and the amount of investment as per your financial goals. Depositors can receive interest at the payout frequency decided by them.
SBI Fixed Deposit Interest Rates and Other Details
Fixed Deposit Aspects | Details |
---|---|
Minimum Deposit Amount | INR 1,000 |
Maximum Deposit Amount | No Limit |
Rate of Interest | 2.90% - 6.20% per annum |
Tenure | 7 days to 10 years |
Loan Facility | Upto 90% of the Principal Deposit |
Premature Withdrawal Facility | Available |
Interest Payout Frequency | Monthly/ Quarterly/ Half Yearly/ Yearly |
SBI Fixed Deposit Interest Rates March 2021
SBI Fixed Deposit Interest Rates generally range from 2.90% - 6.20% per annum which is quite high seeing the current market standards. The bank pays an additional interest to senior citizens. To know the FD interest rate of different investment periods, check the interest rate table given below:
Interest Rates on Retail Deposits Below INR 2 Crore
Deposit Periods | Interest Rates for General Public (in per annum) | Interest Rates for Senior Citizens (in per annum) |
---|---|---|
7 - 45 Days | 2.90% | 3.40% |
46 - 179 Days | 3.90% | 4.40% |
180 - 210 Days | 4.40% | 4.90% |
211 Days - Less Than 1 Year | 4.40% | 4.90% |
1 Year - Less Than 2 Years | 5.10% | 5.60% |
2 Years - Less Than 3 Years | 5.10% | 5.60% |
3 Years - Less Than 5 Years | 5.30% | 5.80% |
5 Years - 10 Years | 5.40% | 6.20% |
Interest Rates on Retail Deposits of INR 2 Crore and Above
Deposit Periods | Interest Rates for General Public (in per annum) | Interest Rates for Senior Citizens (in per annum) |
---|---|---|
7 - 45 Days | 2.90% | 3.40% |
46 - 179 Days | 2.90% | 3.40% |
180 - 210 Days | 2.90% | 3.40% |
211 Days - Less Than 1 Year | 2.90% | 3.40% |
1 Year - Less Than 2 Years | 2.90% | 3.40% |
2 Years - Less Than 3 Years | 3.00% | 3.50% |
3 Years - Less Than 5 Years | 3.00% | 3.50% |
5 Years - 10 Years | 3.00% | 3.50% |
SBI Fixed Deposit Calculator
The SBI Fixed deposit calculator is the tool which gives an exact idea about the amount of interest that you can get on the principal amount deposited under the scheme. Using it they can calculate the total amount they are likely to receive after the maturity of the fixed deposit. They can even reinvest the interest amount to yield more interest at maturity.
Sbi Interest Fd
How To Apply for State Bank of India Fixed Deposit?
To apply for a fixed deposit at SBI, the candidate needs to fill the application form by visiting the nearest bank branch. Other way is to download the application form from the bank’s official website and submit it along with the requisite documents at the branch office. Candidates can even open the FD account online from the comfort of your home/office and save your precious time. You must have the following to apply online.
- Savings Account with SBI
- Internet banking username and password
- At least one transaction account should be mapped to the username
Steps To Apply Online
- Log in to the Online SBI account.
- Enter the username and password
- Click on the Login button
- Once the savings account is visible, click on the e- Fixed Deposit link provided on the menu.
- On clicking, the page will open where the depositor can create various deposits online.
- From the left-hand side menu, select the e-TDR/STDR option.
- Now feed the savings account number that is to be debited. Enter the amount and select the TDR or STDR option.
- Click on the confirmation button. Now, the online fixed deposit account is generated.
SBI Fixed Deposit Form
The SBI fixed deposit form is available online as well as at branch offices. In order to avail the benefits of fixed deposits, you need to fill the following details in the form:
- Customer status – existing customers or new to the bank
- Applicant’s details
- Co-applicant’s details
- Funding account details i.e., the account to be debited
- Term of deposit
- Product name or the name of deposit scheme
- Frequency of interest payable
- Details of account in which interest is to be credited
- Maturity instructions (tenure of policy, auto-renewal)
- Signature of both the customers
A Look at SBI’s Branch Network
SBI is an Indian multinational, public sector banking and the financial company which has its headquarters in Mumbai. It is one of the most trustworthy bank in the country. It has a wide network of 14,000 branches spread across the country.
Internet Rate deposit details
Please contact the nearest branch for applicable Card Rates.
Global Business Branch
7th Floor, SBI Tower Mindspace
Bhumi Park, 45, Ebene Cybercity
E-mail:
Manager GBB :[email protected]
Tel: (230) 404 4958
Fax (230) 454 6968
Global Business Branch
7th Floor, SBI Tower Mindspace
Bhumi Park, 45, Ebene Cybercity
E-mail:
Manager GBB :[email protected]
Tel: (230) 404 4958
Fax (230) 454 6968
Main Branch
34, Sir William Newton Street,
Port-Louis.
Tel: (230) 203 4913
Fax (230) 208 0127
E-mails
Branch Manager:[email protected]
Customer Care Desk:[email protected]
Rose Hill
Royal Road,
Rose Hill.
Tel: (230) 464 6509
Fax (230) 464 6597
E-mail:[email protected]
34, Sir William Newton Street,
Port-Louis.
Tel: (230) 203 4913
Fax (230) 208 0127
E-mails
Branch Manager:[email protected]
Customer Care Desk:[email protected]
Rose Hill
Royal Road,
Rose Hill.
Tel: (230) 464 6509
Fax (230) 464 6597
E-mail:[email protected]
Central Flacq
Bobby Building,
François Mitterand Road, Central Flacq.
Tel: (230) 413 2110
Fax (230) 413 2862
E-mail:[email protected]
Bobby Building,
François Mitterand Road, Central Flacq.
Tel: (230) 413 2110
Fax (230) 413 2862
E-mail:[email protected]
Montagne Blanche
Royal Road,
Montagne Blanche.
Tel: (230) 437 5119
Fax (230) 437 5580
E-mail:[email protected] Konami slot freebies games.
Royal Road,
Montagne Blanche.
Tel: (230) 437 5119
Fax (230) 437 5580
E-mail:[email protected] Konami slot freebies games.
Goodlands
Ramoo Tower,
Royal Road,
Goodlands.
Tel: (230) 283 1859
Fax (230) 283 1898
E-mail:[email protected]
Ramoo Tower,
Royal Road,
Goodlands.
Tel: (230) 283 1859
Fax (230) 283 1898
E-mail:[email protected]
Vacoas
Jhugroo Building,
St Paul Road, Vacoas.
Tel: (230) 686 8418
Fax (230) 686 8547
E-mail:[email protected]
Jhugroo Building,
St Paul Road, Vacoas.
Tel: (230) 686 8418
Fax (230) 686 8547
E-mail:[email protected]
Curepipe
Arcade Currimjee,
Royal Road,
Curepipe.
Tel: (230) 670 7360
Fax (230) 670 7361
E-mail:[email protected]
Quatre Bornes
St Jean Road,
Quatre Bornes.
Tel: (230) 467 1610
Fax (230) 467 1613
E-mail:[email protected]
Ebene
Ground Floor SBI Tower Mindspace ,
Bhumi Park, 45, Ebene Cybercity.
Tel:(230) 404 4979/80
Fax:(230) 454 6997
E-mail:[email protected]
Ground Floor SBI Tower Mindspace ,
Bhumi Park, 45, Ebene Cybercity.
Tel:(230) 404 4979/80
Fax:(230) 454 6997
E-mail:[email protected]
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