Personal Finance Blog India –

SBI Fixed Deposit Rates Enhanced In The Range 0.25% -1% W.E.F.19/08/2013

State Bank Of India – India’s leading Public Sector bank have revised fixed deposit as well as lending rates w.e.f 19/09/2013.

SBI have revised deposit rates in the range 0.25% -1%.

SBI Fixed Deposit Rates:

Tenure Old SBI FD Rates Revised FD Rates
7 Days -90 Days 6.50% 7.50%
91 Days – 179 Days 6.50% 7.50%
180 Days – 210 Days 6.50% 6.80%
211 Days < 1Year 6.50% 7.50%
1 Yr -10 Yrs 8.75% 9%

Senior citizens to get higher interest rate of 0.25% for a period of one year and above only.

For period up to one year same rates applicable for senior citizens.

SBI to charge premature withdrawal penalty of 0.50% of contract period from general depositors (Except that for SBI Staff and SBI pensioners).

Quarterly Policy decision from Reserve Bank Of India is due tomorrow on 20/09/2013 and its surprising that SBI enhanced Deposit and lending rates just one day before the policy announcement.

Category: Fixed Income


Leave a Reply




Blog Archives

See How Much Interest Your Saving Have Generated!!!Final Value will be Original Principal + Interest generated

Blog Author

Blog Author

Who's Online

6 visitors online now
2 guests, 4 bots


Information provided on this blog is for general purpose only & not investment advice.Please take advice of SEBI Registered Investment Advisors before taking any investment decision.
6 visitors online now
2 guests, 4 bots, 0 members
Max visitors today: 25 at 05:31 pm UTC
This month: 33 at 06-13-2018 05:15 pm UTC
This year: 51 at 05-18-2018 01:30 pm UTC
All time: 363 at 09-23-2016 05:45 am UTC
Thank You For Visiting This Blog!!!