May 2017 – Latest SBI FD and RD Interest Rates

Latest SBI FD and RD Interest Rates – (Updated May 2017)

I was just going through the SBI FD Interest Rates yesterday. I was comparing them in last 3-4 months and observed that for short term of less than 1 year, SBI FD interest rates have been reduced drastically. However for medium to long term, there  is minor increase. I believe in investing in large banks for my FD's rather than investing in small banks. While private banks have been paying good interest rates, I found that SBI FD Interest rates are good for medium term to long term. Below are the comprehensive list of latest SBI FD rates. 

Latest SBI FD rates for residents, senior citizens and NRI's which includes interest rates for SB accounts also (Updated May 2017)

1) SBI Fixed Deposit rates for ordinary residents for deposit of less than Rs 1 Crore

  • 7 to 45 days     – 3.75%
  • 46 to 179 days  – 3.85%
  • 180 to 210 days – 3.85%
  • 211 to 364 days – 4.25%
  • 1 year to less than 2 years – 4.25%
  • 2 year to less than 3 years – 4.25%
  • 3 year to less than 4 years – 4.25%
  • 4 year to less than 5 years – 4.25%
  • > 5 years – 4.25%

Also read: Do you know that you can become Crorepathi / Millionaire by investing in Bank RD's 

2) SBI Fixed Deposit rates for ordinary residents for deposit of Rs 1 Crore and above.

  • 7 to 45 days – 3.75%
  • 46 to 179 days – 3.85%
  • 180 to 364 days – 3.85%
  • 1 year to less than 2 years – 4.25%
  • 2 year to less than 3 years – 4.25%
  • 3 year to less than 4 years – 4.25%
  • 4 year to less than 5 years – 4.25%
  • > 5 years – 4.25%

3) SBI Fixed deposit interest rates for Senior Citizens for deposit of less than Rs 1 Crore

  • 7 to 45 days     – 4.25%
  • 46 to 179 days  – 4.35%
  • 180 to 210 days – 4.35%
  • 211 to 364 days – 4.5%
  • 1 year to less than 2 years – 4.75%
  • 2 year to less than 3 years – 4.75%
  • 3 year to less than 4 years – 4.75%
  • 4 year to less than 5 years – 4.75%
  • > 5 years – 4.75%

4) SBI Fixed deposit rates for Senior Citizens for deposit of Rs 1 Crore and above

  • 7 to 45 days – 4.25%
  • 46 to 179 days – 4.35%
  • 180 to 364 days – 4.35%
  • 1 year to less than 2 years – 4.75%
  • 2 year to less than 3 years – 4.75%
  • 3 year to less than 4 years – 4.75%
  • 4 year to less than 5 years – 4.75%
  • > 5 years – 4.75%

5) SBI Savings Account Interest rates – 4% per annum

7) SBI FD interest rates for NRE SB Deposit – 4% per annum

8) SBI fixed deposit rates for NRE Term Deposits

  • < 1 Crore – 6.9%
  • >=1 Crore – 6.9%

9) SBI fixed deposit rates for NRO Term Deposits (< Rs 1 Crore)

  • 7 to 45 days     – 5.5%
  • 46 to 60 days  – 6.5%
  • 60 to 179 days – 6.5%
  • 180 to 210 days – 6.5%
  • 211 to 364 days – 6.5%
  • 1 year to less than 2 years – 6.9%
  • 2 year to less than 3 years – 6.25%
  • 3 year to less than 4 years – 6.25%
  • 4 year to less than 5 years – 6.25%
  • > 5 years – 6.25%

Also read: Thinking what are best investment plans for 2014 – check out here.

9) SBI fixed deposit rates for NRO Term Deposits (Rs 1 Crore and above)

  • 7 to 45 days     – 5.5%
  • 46 to 60 days  – 6.5%
  • 60 to 179 days – 6.5%
  • 180 to 210 days – 6.5%
  • 211 to 364 days – 6.5%
  • 1 year to less than 2 years – 6.9%
  • 2 year to less than 3 years – 6.25%
  • 3 year to less than 4 years – 6.25%
  • 4 year to less than 5 years – 6.25%
  • > 5 years – 6.25%

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Suresh
Latest SBI Fixed Deposit Rates

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