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 ₹ 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 ₹ 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 ₹ 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 ₹ 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 (< ₹ 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 (₹ 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%
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Suresh
May 2018 – Latest SBI Fixed Deposit Rates / Recurring Deposit Rates
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Thanks for the valuable information
I want to start rd of ₹1000 for 36 month or for 48 month or for 60 months please send me a table of the benefits please as soon as possible
hi, if i have 50000 what shud i do REINVESTMENT PLAN or DOMESTIC TERM DEPOSITS? and expain disadvantage f the REINVESTMENT PLAN?
good page and info friend. thanks..
Hello Suresh,
I am totally new in mutual funds. i want to invest in mutual fund 5000 to 8000 monthly. One professional of State Bank Of India suggest me this under given portfolio for 5 years.
1. SBI- Blue chip fund
2. Small and mid cap fund
3. Balanced Fund
so , please guide me. And suggest me new portfolio according to your experience. But i have MEDIUM RISK
APPETITE.
Best Regards,
Kunal Batish
Kunal, Don’t go with such simple ideas. Open MF account and invest in the top funds indicated here. https://myinvestmentideas.com/2014/12/top-10-best-sip-mutual-funds-to-invest-in-2015/
thanks
hi my age is 24 and i have 10 lakhs , i want open fd how much i getting monthy income
Hiii. I couldn’t understand FD PLANS in 30 days
I have 10 lac how many interest of par month only intrest
Lav, If you want to invest for 30 days, you can opt for 30 days FD plan. Interest rates are already indicated here
Hi, Suresh,
I have 5 Lac Rs cash, kindly suggest whether i can invest it. i am visited so many banker website. Now i am little confuse because i ma searching flat and it could finalize another 6 to 8 months. in that case i have to need money. kindly suggest.
hi
i would to to start RD a/c which bank provinding highest interest rates, let me know so i can opt for that bank
Hi,
I invested 10 lakhs in Indian Bank in 2013 @ 9% for 2 years. Maturity amount in 2015 shows 11,94,831/- . On inquiring with the bank shows interest is being compounded quarterly. Is this calculation right? As i feel the interest would be around 2 lakhs as calculated with the online FD calculator. Thanks.
Sheeja, Banks would compound interest every Qtr or yearly. You would get high interest if compounded every quarter
Dear Sir,
I am a senior citizen. Recently I have opened a fixed deposit of rs.1 lac for three years in SBI.The interst rate is 9 % on this FD.When today I SEARCHED INTEREST RATE FOR OTHER PERIODS I.E FOR TWO YEARS IT IS 9.25%. I understand that i have commited mistake by opting for three years for less interest. I should have opted for two years FD. I am not able to understand why roi is less for three years than two years .Kindly inform whether three years fd ' s interest is tax free or under 80 c otherwise what is reason.
dear Sir,
my age is 62. I just want to know, if i deposit 10 lakhs IRS fixed deposit for one year, how much interest I will get monthly.
How much maximum amount I can deposit in my account without tax.
please reply
Suresh Menon, I could not understand IRS. I felt you are meaning regular FD scheme. If my understanding is right, you would get Rs 95,000 per annum as FD interest as the current interest rates is 9.5% to senior citizens. If you do not have any other income, you can invest Rs 26.50 Lakhs so that the interest received of Rs 2.50 Lakhs is exempted from tax (Sr. Citizens)
Why interest rates are 7.5 s between 91 – 179 days where as > 180-210 days is 7%
Hi Sadashiv, this is how banks would attract customers for short term funds.
Pls. Tell me f.d. details
Hi Ashok, I could not understand your question. If you are enquring about latest FD rates, they are being published in next 2-3 days.
Helo Sir, I have a doubt about FD interest rates of SBI, Please clarify my query based on following senario
I have to open 10000 Rs. FD in SBI but I need my money in November 2014 so I have only 10 months to invest, now if I invest for 10 months I get interest rate as 7.5% and to get interest of 9% I have to invest for minimum 1 year.
But what if I openFD for 1 year to get 9% interest & closed it (premature withdrwal) after 10 months so as per the rules they offer me 0.5 % less interest so I can get interest rate of 8.5 % on my FD is it possible ?
Please guide me Sir, waiting for your answer.
Hi Sanket, I prefer the second option. You invest for 1 year and if required withdraw in 10 months. This way you can expect highest interest. But your computation is not correct. They would provide 0.5% less but 8.5% is per annum. If you invest Rs 10,000 8.5% works out to be Rs 850. However this is for 12 months, but you are depositing for 10 months only, hence you would get Rs 708.33.
Thank you for your response, It is helpful.
Hi Suresh,
What is reinvestment plan maturity amounts??
Thanks in advance
Anwesha
Anwesha, This is nothing but your amount would get compounded and you would know how much amount you would get at maturity amount