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SBI FIXED DEPOSIT INTEREST RATES 2020: NEW INTEREST RATES STARTS FROM 3.50% TO 6.20% WITH EFFECT FROM 28 MARCH


SBI Fixed Interest Rates 2020


State Bank of India offers various interest rates for retail domestic term deposits or fixed deposits which are revised from time to time. Over the years these interest rates are slashed or increased marginally subject to the decision of SBI.

Of late the interest rates for fixed deposits for retail customers for deposits below Rs. 2,00,00,000/- (Below rupees two crore) have been slashed or decreased.

The revised interest rates effective from 28 March,2020 for both public and senior citizens are given below:


Term
Interest rate for Public (% per annum)
Interest rate for Senior Citizens (% per annum)
7 days to 45 days
3.50
4.00
46 days to 179 days
4.50
5.00
180 days to 210 days
5.00
5.50
211 days to less than 1 year
5.00
5.50
1 year to less than 2 year
5.70
6.20
2 years to less than 3 years
5.70
6.20
3 years to less than 5 years
5.70
6.20
5 years and up to 10 years
5.70
6.20


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