InvestorQ : Can you tell me what are the latest rates offered by SBI on deposits after the RBI policy announced on February 01?
ishika Banerjee made post

Can you tell me what are the latest rates offered by SBI on deposits after the RBI policy announced on February 01?

Answer
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Niti Shenoi answered.
7 months ago


In the case of FDs maturing in 46 days to 179 days, SBI cut the interest rate sharply by 50 bps. These deposits will fetch interest rate of 5%. FDs maturing in 180 days to 211 days to less than 1 year, will earn lower interest rate of 5.50%. Earlier SBI was paying 5.80% on these deposits. The bank also slashed interest rates by 10 bps on deposits maturing between tenures of 1 year and 10 years from 6.1% to 6%. Given below are the new deposit rates.

7 days to 45 days (4.50%)

46 days to 179 days (5.00%)

180 days to 210 days (5.50%)

211 days to less than 1 year (5.50%)

1 year to less than 2 years (6.00%)

2 years to less than 3 years (6.00%)

3 years to less than 5 years (6.00%)

5 years to 10 years (6.00%)