Latest SBI interest rates (Jan-2013)-A quick review

Latest SBI interest rates (Jan-2013); SBI Current interest Rates(Jan-2013)

Latest SBI interest rates (Jan-2013)-A quick review

The interest rates on fixed deposits and recurring deposits are falling month on month. I had surplus money and was enquiring about the latest interest rates to deposit for short term period of 1-2 years and noticed a gap in the rates offered by various banks. I have seen one of the international bank in India where I have my salary account is offering around 7.5% per annum. However comparing the latest SBI interest rates, I felt they are reasonably good.  Why we need to compromise on our returns on FD?

Latest SBI interest rates

SBI is the largest public sector bank in India. Latest SBI interest rates are enclosed below. I felt choosing a re-investment plan would be a good option. Re-investment plan is nothing but your interest would get re-invested and it would not be credited to your bank account year on year. The entire FD amount along with interest would be paid to you at maturity. As per the rates offered by them, it indicates that the FD would get doubled only between 8 to 9 years (average we can assume it would be around 8.5 years). With falling interest rates, the period required for the FD amount to be doubled would further increase in future.

Latest SBI interest rates (Jan-2013); SBI Current interest Rates(Jan-2013)

Conclusion: I agree there are smaller banks which are offering little higher interest rates. When interest rates are falling, latest SBI interest rates are giving some hope for investors that large banks are still offering good interest rates.

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Topic: Latest SBI interest rates (Jan-2013)-A quick review

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Suresh KP

Suresh KP i.e. me have written 1,500+ articles on this blog. I love doing analysis on various Best Investment Plans like mutual funds, Stocks, IPO's, NCD Bonds, Insurance products. If you like our blog, you can share some of the good articles on your Facebook or Twitter. This would be the BIGGEST gift which you would be giving to us.


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  1. Effective today, SBI has revised its interest rate for Fixed deposit. Pasting the link here for your kind reference.,16,384,385

    1. Ashwin, This article was posted on specific date, now latest rates are changed. We would update in our next revised article. Thanks.

    2. Yes Suresh, I understand that the article was published much before 🙂 Your articles are great. It was just an information which I came across all of a sudden. So thought it might help people who visit the blog 🙂

      Thanks, Ashwin Shenoy

      1. Sure Ashwin. Thanks for your valuable feedback, i will check how to update this old post

  2. Thanks Suresh.
    1) Dear, is it possible for you to provide some basic investment knowledge for very new investors like me.
    My friends regularly following your blog as I.
    Put a special section for basic knowledge, it will be very useful to us.
    Even my couligues invested after going through your blog.
    2) Please sugest a good retirement plan for a 33 year old aged salaried person.
    3) Please tell me where and how many sum should invest if I want Rs. 2 Lacs after One and half year.
    Please give me the name of that option.
    Thanks in advance.

    1. Pramod, for new investors like you, I have started some basic articles from last week. I would categorize them seperately. Refer this article about retirement plan. 3) Invest Rs 7,500 in debt  mutual funds for 18 months to get Rs 2L. 

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