Latest FD Interest Rates in SBI 2011: Fixed Deposit Rates for Senior Citizens

Details about FD Interest Rates In SBI

  • You can start the FD for as little as Rs.1000
  • SBI offers a range of periods for your FD- so you can invest your money for as long as you think it is convenient. You can invest for anything between 15 days and 10 years. Of course, the rates of interest vary.
  • If you need money urgently, you can take a loan against your FD. You may also take an overdraft against your FD during emergencies.
  • You can even withdraw the FD prematurely, that is, before it has matured.
  • At maturity, the amount will be transferred within the network of the bank, without additional charges.
  • There is an automatic renewal of your deposit once the term is over.

FD Interest Rates in SBI-effective May 12th, 2011

The following rates are applicable (in percentages) when you go for a fixed deposit in SBI.

  • 7 to 14  days-6.25 compounded annually(amount between Rs.1 and Rs.9999999)
  • 15 to 45 days-6.25 compounded annually(amount between Rs.1 and Rs.9999999)
  • 46 to 90 days-6.25 compounded annually(amount between Rs.1 and Rs.9999999)
  • 91 to 180 days-7.00 compounded annually(amount between Rs.1 and Rs.9999999)
  • 181 to less than a year-7.75 compounded annually(amount between Rs.1 and Rs.9999999)
  • 1 year-554 days-8.25(interest rates in SBI for senior citizens-8.75) compounded annually(amount between Rs.1 and Rs.9999999)
  • 555days-9.25 (senior citizen-9.75)compounded annually(amount between Rs.1 and Rs.9999999)
  • 556 days to less than 2 years- 8.25(senior citizen-8.75) compounded annually(amount between Rs.1 and Rs.9999999)
  • 2 years to 999days-8.75(senior citizen-9.25) compounded annually(amount between Rs.1 and Rs.9999999)
  • 1000days-9.25(senior citizen-9.75) compounded annually(amount between Rs.1 and Rs.9999999)
  • 1001days to less than 3 years-8.75(senior citizen-9.25) compounded annually(amount between Rs.1 and Rs.9999999)
  • 3 years to less than 5 years-8.25(senior citizen-8.75) compounded annually(amount between Rs.1 and Rs.9999999)
  • 5 years to less than 8 years-8.50(senior citizen-9.00) compounded annually(amount between Rs.1 and Rs.9999999)
  • 8- to 10 years-8.75(senior citizen-9.25) compounded annually(amount between Rs.1 and Rs.9999999)

The FD rates are competent- and can serve as a secure means of investment.

The FD interest rates in SBI for senior citizens are marginally more of course. Find the tenure most suitable for you- and start enjoying the safe and high returns!

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  2. What Is Recurring Deposit Scheme? ICICI & SBI Interest Rate for 2011
  3. Personal Loan Interest Rates: Lowest Interest Rates in India 2011

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