May 2018 – Latest SBI Fixed Deposit Rates / Recurring Deposit Rates

May 2018 – Latest SBI Fixed Deposit Rates / Recurring Deposit Rates (Updated May-2018)

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 2018)

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

• 7 to 45 days     – 5.75%
• 46 to 179 days  – 6.25%
• 180 to 210 days – 6.35%
• 211 to 364 days – 6.4%
• 1 year to less than 2 years – 6.4%
• 2 year to less than 3 years – 6.6%
• 3 year to less than 4 years – 6.7%
• 4 year to less than 5 years – 6.7%
• > 5 years – 6.75%

Also read: Latest Post Office Saving Scheme Interest Rates for 2018

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

• 7 to 45 days     – 5.75%
• 46 to 179 days  – 6.7%
• 180 to 210 days – 6.7%
• 211 to 364 days – 6.75%
• 1 year to less than 2 years – 7%
• 2 year to less than 3 years – 6.75%
• 3 year to less than 4 years – 6.65%
• 4 year to less than 5 years – 6.65%
• > 5 years – 6.25%

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

• 7 to 45 days     – 6.25%
• 46 to 179 days  – 6.75%
• 180 to 210 days – 6.85%
• 211 to 364 days – 6.9%
• 1 year to less than 2 years – 6.9%
• 2 year to less than 3 years – 7.1%
• 3 year to less than 4 years –7.2%
• 4 year to less than 5 years – 7.2%
• > 5 years – 7.25%

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

• 7 to 45 days     – 6.25%
• 46 to 179 days  – 7.2%
• 180 to 210 days – 7.2%
• 211 to 364 days – 7.25%
• 1 year to less than 2 years – 7.5%
• 2 year to less than 3 years – 7.25%
• 3 year to less than 4 years –7.15%
• 4 year to less than 5 years – 7.15%
• > 5 years – 6.75%

5) SBI Savings Account Interest rates – 3.5% per annum

7) SBI FD interest rates for NRE SB Deposit – 3.5% per annum

8) SBI fixed deposit rates for NRE Term Deposits

• < 1 Crore – 6.75%
• >=1 Crore – 6.25%

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

• 7 to 45 days     – 5.75%
• 46 to 60 days  – 6.25%
• 60 to 179 days – 6.35%
• 180 to 210 days – 6.4%
• 211 to 364 days – 6.4%
• 1 year to less than 2 years – 6.4%
• 2 year to less than 3 years – 6.6%
• 3 year to less than 4 years – 6.7%
• 4 year to less than 5 years – 6.7%
• > 5 years – 6.75%

Also Read: Best Investment Options to invest in 2018

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

• 7 to 45 days     – 5.75%
• 46 to 60 days  – 6.7%
• 60 to 179 days – 6.7%
• 180 to 210 days – 6.75%
• 211 to 364 days – 6.75%
• 1 year to less than 2 years – 7%
• 2 year to less than 3 years – 6.75%
• 3 year to less than 4 years – 6.65%
• 4 year to less than 5 years – 6.65%
• > 5 years – 6.25%

If you enjoyed this article, share the link on Facebook/Twitter. 

Suresh

May 2018 – Latest SBI Fixed Deposit Rates / Recurring Deposit Rates

• Author
• Recent Posts

Suresh KP

Founder at Myinvestmentideas.com

Suresh KP is the Founder of Myinvestmentideas. He is NISM Certified - Investment Adviser and NISM Certified - Research Analyst. He has been analyzing financial markets in the last 20 years.He can be reached at suresh@myinvestmentideas.com

Latest posts by Suresh KP (see all)

• HDFC Manufacturing Fund NFO – Should you invest? - April 18, 2024
• How a 5K SIP Can Fetch You Rs 1.8 Lakhs per Month Fixed Income in Mutual Funds in 30 Years? - April 16, 2024
• Bandhan Innovation Fund NFO – Issue Details and Review - April 14, 2024