interest rates on the FD

POSTED BY shahid hasan ON February 18, 2011 4:13 pm ONE COMMENT

what is current interest rates of sbi on fixed depost and does any chance of increase of interest rates on the FD in the banks . should i wait for the FD to do or deposit now.

One reply on this article “interest rates on the FD”

  1. Randhir Kumar says:

    Dear Sahid Hasan,

    Below is the link where u can check the FD rates.U can do your FD right now, if you wait for say one more month for FD rate to increase and say FD rate increases by .50 basis points then u are keeping you money idle for one month.
    rates offered right now are good.

    http://www.statebankofindia.com/user.htm

    DOMESTIC TERM DEPOSITS
    [Print Page]

    The revised interest rates for Domestic Term Deposits ‘Below Rupees One Crore’ effective from the 14.02.2011 would be as under:

    Tenors
    Existing w.e.f. 03.01.2011

    Revised w.e.f. 14.02.2011

    7 days to 14 days
    4.00
    7 days to 14 days
    4.00

    15 days to 45 days
    5.00
    15 days to 45 days
    5.00

    46 days to 90 days
    5.50
    46 days to 90 days
    5.50

    91 days to 180 days
    6.00
    91 days to 180 days
    6.00

    181 days to less than 1 year
    7.75
    181 days to less than 1 year
    7.75

    1 year to 554 days
    8.25
    1 year to 554 days
    8.25

    555 days
    9.00
    555 days
    9.25

    556 days to less than 2 years
    8.25
    556 days to less than 2 years
    8.25

    2 years to 999 days
    8.75
    2 years to 999 days
    8.75

    1000 days
    9.00
    1000 days
    9.25

    1001days to less than 3 years
    8.75
    1001days to less than 3 years
    8.75

    3 year to less than 5 years
    8.25
    3 year to less than 5 years
    8.25

    5 years to less than 8 years
    8.50
    5 years to less than 8 years
    8.50

    8 years and up to 10 years
    8.75
    8 years and up to 10 years
    8.75

    Term deposits for maturity period of “7 days to 14 days” will also be accepted for amounts of below Rs. One Crore.
    There shall be no premium in rate of interest for single domestic term deposit of ‘Rs.15 lakhs but less than Rs.1 Crore’ of any maturity.

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