SBI Interest Rates on FD, Jan 2017

Fixed Deposit Interest Rate of SBI

Last Updated 20th Jan 2017
Tenure General Rates Senior Citizen Rates
7 days to 45 days 5.50% 6.00%
46 days to 179 days 6.50% 7.00%
180 days to 210 days 6.75% 7.25%
211 days to 364 days 7.00% 7.50%
1 year to 455 days 6.90% 7.40%
456 days to 1 year 364 days 6.95% 7.45%
2 years to 2 years 364 days 6.85% 7.35%
3 years to 4 years 364 days 6.50% 7.00%
5 years to 10 years 6.50% 7.00%
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  • SBI offers FD interest rates upto 7.00% per annum.
  • Interest on deposits with SBI is typically compounded quarterly.
  • SBI accepts deposits starting at Rs. 1000 for various tenures.
  • For senior citizens (age more than 60 years), SBI offers higher interest rate over and above rates mentioned below.
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FD Maturity Amount

SBI Fixed Deposit – Premature Withdrawl

  • You may break you FD and withdraw your money subject to minimum moratorium requirements.
  • However, in case of premature withdrawal, SBI pays 1% lower ROI than that applicable for actual duration of deposit on deposits upto Rs. 15 lakhs and pays applicable ROI for actual duration of deposit on deposits greater than Rs. 15 lakhs .

Loan against SBI FD

  • SBI offers loan upto 90% against its own deposit. Note that you cannot obtain a loan against FD from another bank.
  • Applicable rate of interest on loan against FD is typically 0.5% to 2% over the fixed deposit rate.

SBI Interest Rates in your city. How and where to apply?

  • Keep your KYC documents - PAN card, address proof and photo ready.
  • In case you already hold an account with SBI, you don’t need to submit KYC documents again.
  • To know more or apply, contact any of the branches of SBI in your city - Find SBI Branches here

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  • SBI FD rates with other banks in India

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About SBI

State Bank of India (SBI) is India's largest lender and has its headquarters in Mumbai, Maharashtra, and majority owned by the Government of India. In 1955 RBI took over Imperial Bank with a majority stake and renamed it to SBI. SBI has assets worth Rs 2,395,982 crore showing a growth of 12.36% over last year. SBI has more than 17,000 branches in India including 190 in other countries. SBI commands a market share of more than 20% of total banking sector deposits and loans in India. SBI also has five associate banks namely State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Patiala, State Bank of Mysore and State Bank of Travancore which again have a fairly large asset base. Further, SBI also has various financial sector subsidiaries involved in capital markets, funds management, life and non-life insurance. SBI has continuously evolved its internal capabilities in response to changing customer preferences and technological trends and continues to be the most formidable competitor for every bank in the country. SBI has won many awards over its long history and was awarded ‘Best Customer Management Initiative’ award by IBA Banking Awards in 2014. It has been ranked 303 in Forbes 500 companies in 2014 and is the only Indian bank on the list.
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News - Jan 2017
23rd Jan 17 SBI expects to raise up to Rs. 15, 000 crore from capital market in next 18 months
State Bank of India has announced that they are expecting to raise funds up to Rs. 10, 200 crore from capital market during the next fiscal year FY18. The bank expects to raise funds worth Rs. 4, 600 crore from its life insurance arm SBI Life Insurance in the next 12 to 18 months.
21st Jan 17 SBI raises Rs. 5, 681 crore by issuing preference shares to government
SBI raises funds worth Rs. 5, 681 crore from government by issuing preference shares. The fund infusion in the bank is a part of total capital support of Rs. 7, 575 crore package promised by the government for the current financial year.
20th Jan 17 SBI and BSNL launch Mobicash, a virtual wallet application in Chennai
SBI in association with BSNL has launched a virtual wallet application in the state of Chennai. The application is already available in six states. Customers can use the application for wallet to wallet transfer, mobile recharge and cash transfer.
18th Jan 17 SBI raises 500 million dollars via 5 years bonds
SBI has raised 500 million dollars via 5 years bonds through its London branch. The bonds, with a tenor of 5 years, will carry a fixed interest rate of 3.25 percent payable semi annually in arrears.
17th Jan 17 State Bank of India likely to increase its stake in its credit card joint venture SBI cards
SBI is likely to increase its stake in its credit card joint venture named as SBI cards and payments services (SBICPSL). SBI expects to complete the deal by March, 2017. Currently, SBI with 47.6 lakh credit cards has the second largest number of credit cards in circulation in the country.
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