State Bank of India, Largest public sector bank in India offers competitive interest rates to it’s customers on par with private sector banks. State Bank of India (SBI) offers interest rates starting from 3.5 upto 7.6% basis the tenure. In this page let us have a look at latest interest rates offered by SBI as of September 2024
About the Bank :
State Bank of India (SBI) is an Indian public sector bank and financial services statutory body headquartered in Mumbai, Maharashtra. SBI is the 49th largest bank in the world by total assets and ranked 221st in the Fortune Global 500 list of the world’s biggest corporations, being the only Indian bank on the list.
As per the market capitalisation, SBI is the third largest bank in India after HDFC and ICICI. Still It is the largest public sector bank with a 23% market share by assets and a 25% share of the total loan and deposits market.
It is also the fifth largest employer in India with nearly 2,50,000 employees. State Bank of India currently is the third largest lender (after HDFC Bank and ICICI Bank) and seventh Indian company to cross the ₹ 5 Trillion market capitalisation on the Indian stock exchanges for the first time.
FD Interest rates of SBI as of September 2024
Click here for FD Interest rates of SBI Bank as of September 2024.
[Highest FD Rate: 7.6% for Senior Citizens and 7.1% for general Citizens on Amrit Kalash FD with 400 days Tenure]
These rates are effective from effective December 2023.
The specific tenor scheme of “400 days” (Amrit Kalash) at Rate of Interest of 7.10 % w.e.f. 12- April- 2023. Senior Citizens are eligible for rate of interest of 7.60%. The Scheme will be valid till 30-September-2024.
# Compounded Quarterly
@ Including additional premium of 50 bps under ”SBI We-care” deposit scheme.
Official website of SBI for all Terms and Conditions
Term and conditions as applicable are available at official link below.
Link for details:
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