SBI Interest rates changed in 2023 for different categories like Savings account, Fixed deposits(FD), Home Loan and Personal Loan, Check State Bank of India offers different interest rates for savings and deposits accounts, and any customer having a Savings account in SBI is valid to get offers from various benefits…
SBI Interest Rates
Bank savings interest rate is valid, if the customer maintained the minimum amount in their savings accounts, and the Interest Rate of State Bank of India varies every year based on budget session and thus by having your savings account will also earn you extra money.
This rate is paid by financial institutions based on the deposit done in a once saving account and thus the amount gets added in the current principal savings balance.
Choose better savings accounts in State Bank of India to drive an extra source of income without any risky investments, and the Interest Rate of SBI accounts and Deposits is far different from the SBI Fixed deposits.
SBI Savings Account Interest Rate
At present the following interest rates are applicable for all State Bank of India savings account holders with effect from 15.10.2022
- Below 10 Crore will get 2.7% per annum
- All the accounts having a balance from 10 crore and above will get 3% per annum
SBI FD Interest Rates
The following different types of SBI Fixed Deposit Interest Rate applicable for the general public and senior citizens as on 15.02.2023
| Tenor of Fixed Deposit | Interest Rate for General Public | Interest Rate for Senior Citizen |
|---|---|---|
| 7 – 45 days | 3% | 3.5% |
| 46- 179 days | 4.5% | 5% |
| 180 -210days | 5.25% | 5.75% |
| 211-1year | 5.7% | 6.25% |
| 1-2 Years | 6.8% | 7.3% |
| 2- 3 Years | 7% | 7.5% |
| 3 – 5 Years | 6.5% | 7% |
| 5 – 10 Years | 6.5% | 7.5% |
| 400 days (Amrit Kalash) | 7.1% | 7.6% |
History of SBI Interest Rates
For Sarvottam deposit: just check below
https://bank.sbi/web/interest-rates/sarvottam-domestic-term-deposit
For Deposits :
SBI Home Loan Interest Rate
| Effective From | % of Interest |
|---|---|
| 01.09.2023 to 31.12.2023 | 8.7-9.45% |
SBI Personal Loan Interest Rate
| Effective From | % of Interest |
|---|---|
| 15.07.2023 | 11.05 to 14.05% |
SBI Pension Loan Interest Rate
| Effective From | % of Interest |
|---|---|
| 15.07.2023 | 11.2% to 11.7% |
SBI Education Loan
| Effective From | % of Interest |
|---|---|
| 15.07.2023 | Upto 11.15% |
99employee.com will update the new interest rates whenever changed by the bank, and you may check the original source sbi.co.in for more information