• Skip to main content
  • Skip to footer

99Employee

Portal for Employee Matters

SBI Interest Rates for Savings Bank Account & Fixed Deposits

SBI Interest Rates for Savings Bank Account & Fixed Deposits

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.

  • EPF Interest Rate from 1952 to 2020, Calculate PF Interest at New Interest Rates
  • NSC Bond : National Savings Certificate Types, Interest Rate, Calculator & New Features
  • PPF Account Benefits, Interest Rate, Withdrawal, Loan & Account Online
  • Fixed Medical Allowance Application for Railway Pensioner
SBI Interest Rates

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 31.05.2020

  • Balance up to Rs. 1 Lakh will get 2.7% per annum
  • All the accounts having a balance above 1 Lakh will also get 2.75% per annum

SBI Deposit Interest Rate

The following are the different types of SBI Fixed Deposit Interest Rate applicable for the general public and senior citizens mentioned against each with effect from 27.05.2020

Tenor of Fixed DepositInterest Rate for General PublicInterest Rate for Senior Citizen
7 – 45 days2.9%3.4%
46- 179 days3.9%4.4%
180 – 1 year4.4%4.9%
1- 3 years5.1%5.6%
3 – 5 years5.3%5.8%
5 – 10 years5.4%6.2%
SBI Term Deposit Interest Rate Table

History of SBI Interest Rates

For Saving Bank

Date from% of InterestPeriod
01.04.20004.00%Half Yearly
01.03.20033.50%Half Yearly
03.05.20113.50% to 4.00%Half Yearly
31.07.20174.00% to 3.50%Quarterly
31.05.2020Upto 1 Lakh = 2.7%
Above 1 Lakh = 2.75%
Per Annum

For Deposits

SBI Fixed Deposits Rate of Interest HistoryDownload

We updated the new interest rates when ever changed by the bank, and you may check the original source sbi.co.in for more information

Posted/Updated On: December 19, 2020 by 99Employee Filed Under: Investment, SBI

Related Posts

  • EPF Interest Rate from 1952 to 2020, Calculate PF Interest at New Interest Rates
  • NSC Bond : National Savings Certificate Types, Interest Rate, Calculator & New Features
  • PPF Account Benefits, Interest Rate, Withdrawal, Loan & Account Online
  • Fixed Medical Allowance Application for Railway Pensioner
  • Jammu Kashmir Employee GPF Interest Rates List
  • NSC Calculator to Calculate National Savings Certificate Maturity
  • SBI Gyanodaya e Learning at mybanklearning.sbi.co.in
  • Download SBI Salary Slip at SBI HRMS Portal hrms.onlinesbi.com
  • SBI HRMS ESS Portal for State Bank Employees & Pensioners

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Footer

  • model paper 2021
  • Question Paper 2021
  • board model paper 2021
  • TGPOST

99employee.com © 2020 | Privacy Policy | Disclaimer | Contact Us

We use cookies for best experience on our website. OkPrivacy policy