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Sbi Bank

Fixed Deposit
2.90% - 5.40%
Interest rates
3 Months - 10 Years
Time Period
1000 - No Limit
Min. - Max amount
QUARTERLY
Compounding

About SBI Bank

SBI, short for State Bank of India, is the largest Indian bank with a customer base of about 42 crores. It is headquartered in Mumbai and offers its customers a variety of products and services including savings accounts, fixed deposits, loans, and credit cards. Customers can park their surplus savings in multiple fixed deposit account options and enjoy attractive interest on them over a certain period. The depositor just needs to deposit the amount at the time of opening the account and choose a tenure that seems feasible to them. During the ongoing tenure, customers are not allowed to deposit any more money or withdraw either.

The FDs provided by SBI have been rated as FAAA/Stable by CRISIL. This implies that the FD offered by SBI is stable, and generates guaranteed and timely returns.

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Started On1952
Head QuartersMumbai
CRISIL RatingFAAA
CEOFAAA
Listed on exchange asState Bank of India
ICRA RatingMAAA

Latest SBI Bank Interest Rates

TenureRegular customersSenior citizens
7 days – 45 days
2.90%
3.40%
46 days – 179 days
3.90%
4.40%
180 days – 210 days
4.40%
4.90%
211 days – 364 days
4.40%
4.90%
1 year – 1 year 364 days
4.90%
5.40%
2 years – 2 years 364 days
5.10%
5.60%
3 years – 4 years 364 days
5.30%
5.80%
5 years – 10 years
5.40%
6.20%

Features & Benefits of SBI Bank

  • The SBI FD tenures range from 7 days to 10 years
  • The minimum deposit amount needed to open an FD in SBI is Rs. 1000, however, there is no limit on the maximum deposit
  • Senior citizens can avail of a 0.50% extra interest rate for an amount exceeding Rs. 10,000
  • SBI provides a nomination facility so that the depositor can nominate his/her family members or spouse to collect the maturity amount.
  • Auto-renewal facility is available on the deposit
  • Loan against FD facility is also available
  • TDS is deducted at the prevalent rate at source if Form 15G/15H is not submitted.

Types of SBI Bank Schemes

SBI Tax Saving Scheme
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Reinvestment Plan
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SBI Multi Option Deposit Scheme
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Money Multiplier Plan
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Regular Fixed Deposit
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Flexi Deposit Scheme
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Term-wise interest rates

Short-term Deposits
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Medium-term Deposits
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Long-term Deposits
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Comparison of FD Rates

NameTenureInterest rate
AXIS Bank
3 months - 10 years
2.50% - 5.75%
Deposit Now
Equitas Bank
3 months - 10 years
3.50% - 6.50%
Deposit Now
Bajaj Finance
1 year - 5 years
5.65% - 6.50%
Deposit Now

FAQs

What is the Tenure Range for SBI FD Account?

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Who is eligible to invest in SBI Fixed Deposits?

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What is the criteria and penalty for premature withdrawals?

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Can I close an SBI FD account online?

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What are some of the highest SBI FD interest rates in 2021?

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Can an extra amount be deposited into my FD account?

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Calculate SBI Bank FD Interest
Investment Amount
₹25,000
Time Period
9 Months
1 Year
2 Years
3 Years
Maturity Amount
SBI Bank
0
@5% p.a
Get higher interest rates
online upto 0%
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