SBI fixed deposit interest rates December 2021

Fixed Deposit offered by banks is considered as one of the safest investment. Investment on FD can get you a higher rate of interest than a normal saving account. Recently SBI has revised the Fixed deposit rates and they have reduced the sbi fixed deposit interest rates

If you also have an account with SBI & want to know more about sbi fixed deposit interest rates then you are at the right place. We have compiled the list of newly updated sbi fixed deposit interest rates, let’s look at different SBI FD interest rates 2019 in Detail. You can also read about SBI toll-free number for balance enquiry ( SBI Quick )

Table of Contents

SBI Fixed Deposit Interest Rates for Below Rupees Two Crore

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SBI Fixed Deposit Interest Rates for Rupees Two Crore & Above

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Note – The SBI FD Interest rates are applicable from w.e.f 01^st November 2019

NRE TERM DEPOSITS With effect from 10^th November 2019

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Advantage of Fixed Deposit

1. Tax Benefits

You can claim deduction up to 1.5 Lakh under section 80C of Income-tax law. Fixed Deposits can help you to save tax on your annual income.

2. Higher rate of Interest

Fixed deposit interest rates are always higher than the regular saving deposit. SBI Saving account interest rate is 3.5% whereas the sbi FD interest rates are 6.25.

3. Safe Investment

Fixed Deposit is always considered a safe investment option. Unlike other investment like a mutual fund, FD returns you an assured amount on the maturity of your Fixed Deposit.

Note – You can visit this page to know the changes of rates of all fixed deposits, SBI FD rates Changes

The FAQ ( Frequently Asked Questions )

1. Minimum and Maximum limit for Fixed Deposit in SBI?

The minimum amount deposit is 5000 INR per year and the maximum deposit amount is 50000 in a financial year.

2. Is there any penalty in default payment?

Yes, he penalty for default payment in the minimum deposit is Rs 50 Per financial year.

3. What are the Minimum and Maximum period of Deposit?

The minimum period of SBI Fixed deposit is 5 years and Maximum is 7 Years.

4. Who is eligible for SBI FD?

Any individual other than minor are eligible for this scheme.

5. Can Senior Citizen avail additional rate of interest on SBI Flexi Deposit?

Yes, SBI offers an additional rate of Interest to the senior citizen.

Conclusion

Deposit Your lumpsum amount on SBI FD to avail the features like Guaranteed Return, choice of interest payout, liquidity through OD or premature withdrawal. SBI Fixed Deposit is available for 7 Days to Years, and anyone can start the FD by investing Minimum deposit of 1000 INR.

I hope we have cleared all your queries related to SBI fixed deposit interest rates, In case if you have any doubt related to the Interest % of SBI FD, You can share with us in the comment section and we will try our best to Solve Your queries.