Warning: Cannot modify header information - headers already sent by (output started at /home/viralposts/public_html/viral/index.php:60) in /home/viralposts/public_html/viral/wp-content/themes/Newspaper/functions.php on line 5
SBI to implement new interest rates from today! these people will benefit - ViralPosts

SBI to implement new interest rates from today! these people will benefit

Date:

Share:

This information is helpful to you if you are a customer of State Bank of India (SBI). The interest rate has been raised by SBI once more. The bank has raised the interest rate by up to 75 basis points. Not every consumer will benefit from it, though. The bank started offering the new FD interest rate on May 15, 2024.

SBI

The bank’s newly adopted FD interest rate

would apply to amounts above Rs 2 crore. The interest rate on FDs maturing between 46 days and 179 days has raised by 75 basis points, per the bank’s website. From 4.75% before, it has jumped to 5.50%. Interest rates for senior folks will rise from 5.25% to 6% in the same period. For regular clients, SBI has raised the interest rate by 25 basis points, from 5.75% to 6%, with a duration of 210 days instead of 180. For ordinary clients, the bank has raised the rates on FDs with a duration of 211 days to less than a year from 6% to 6.25%, and for senior citizens, from 6.50% to 6.75%.

SBI

The bank has added 25 basis points to the interest rate

on bulk deposits made for terms ranging from 7 to 45 days. The fee for regular clients has gone up from 5% to 5.25% as a result. The bank has raised the interest rate for older persons from 5.50% to 5.75% for the same period. Interest rates on federal savings bonds maturing in 46 to 179 days will increase for regular citizens to 6.25% instead of 5.75%. For this period, the interest rate for senior citizens has been increased from 6.25% to 6.75%.

SBI

For regular customers, the bank has extended

the duration by 10 basis points, from 180 to 210 days. It has gone up from 6.50% to 6.60% and from 7% to 7.10% for elderly folks. For FDs with less than a year or two, the bank raised the interest rate by 20 basis points, from 6.80% to 7%. The bank upped the rate for regular consumers from 6.75% to 7% for tenures ranging from two years to less than three years. The interest rate for older persons has been raised by the bank from 7.25% to 7.50%.

Read More: The iOS 17.5 update was released by Apple! these are new features users may expect

🔥🔥 Join Our Group For All Information And Update, Also Follow me For Latest Information🔥🔥
🔥 Facebook Page                 Click Here
🔥 Twitter                              Click Here
🔥 Instagram                 Click Here

Subscribe to our magazine

More Like This

These cars are available at cheap prices less than Rs 8 lakh, know features

During Dhanteras-Diwali, a lot of individuals purchase new cars in addition to gold and silver items. On Dhanteras, people think that purchasing a new...

Apple launched iOS 18, these iPhones will get Apple Intelligence features

The iOS 18.1 update has begun to be installed on Apple iPhones. Features of Apple Intelligence are available following this upgrade. During WDC 2024,...

Samsung launched high-end foldable smartphones with AI capabilities

The massive electronics company Samsung has released two new foldable smartphones. Samsung releases foldable phones in the W series each year, with fantastic features...

Mahindra SUV Thar Roxx waiting period increases to 1.5 years!

Mahindra Thar Roxx was launched on the occasion of Independence Day this year. Since the launch of Thar Roxx, this SUV has been in...

Bumper recruitment in Coal India, know this detail before applying

Applications for Management Trainee positions at Coal India Limited (CIL) will be accepted beginning on October 29, 2024. Until November 28, 2024, qualified applicants...

LEAVE A REPLY

Please enter your comment!
Please enter your name here