SBI Now Offers 7.25% Interest Rate on FDs For Senior Citizens
MAS Team | 17 December 2022
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SBI Fixed Deposit interest rates for senior citizens have become better. The public sector bank has revised FD rates of various tenors for depositors with effect from 13th December 2022.
With the latest revision in SBI Fixed Deposit rates, SBI senior citizen customers can now get up to 7.25% interest for deposits of 5 years to 10 years. Following are the different FD rates offered by SBI to senior citizens (applicable for FDs below Rs2 crore).
- 7 days to 45 days: The bank is now offering 3.5% interest to senior citizens with effect from 13 December 2022.
- 46 days to 179 days: The bank is now offering 5% interest to senior citizens with effect from 13 December 2022.
- 180 days to 210 days: The bank is now offering 5.75% interest to senior citizens with effect from 13 December 2022.
- 211 days to less than 1 year: The bank is now offering 6.25% interest to senior citizens with effect from 13 December 2022.
- 1 year to less than 2 years: The bank is now offering 7.25% interest to senior citizens with effect from 13 December 2022.
- 2 years to less than 3 years: The bank is now offering 7.25% interest to senior citizens with effect from 13 December 2022.
- 3 years to less than 5 years: The bank is now offering 6.75% interest to senior citizens with effect from 13 December 2022.
- 5 years and up to 10 years: The bank is now offering 7.25% interest to senior citizens with effect from 13 December 2022.
SBI has also extended the special ‘SBI Wecare Deposit’ for citizens in the Retail Term Deposit Segment till 31 March 2022. The scheme provides an additional 1% interest to senior citizens.
On bulk fixed deposits above Rs2 crore, SBI is offering 7% interest to senior citizens for deposits of 1 year to less than 2 years.
Dear Investor,
In case of any grievance / complaint :
In case of any grievance / complaint :
- Please contact Compliance Officer Pankaj Raheja at [email protected] and Phone No. - 91-22-35131664.
- You may also approach CEO Debashis Basu at email- id [email protected] and Phone No. - 91-22-35131664.
