Top lenders like State Bank of India (SBI), Bank of Baroda (BoB) and Axis Bank have recently revised their fixed deposit (FD) interest rates. The revision in the FD rates came a day after the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) made no changes in the repo rate and kept it fixed at 5.15 percent. For your convenience, here is the comparison of revised rates offered by leading lenders:
SBI latest FD interest rates (below Rs 2 crore) for general public effective 10 February
After the latest revision, State Bank of India (SBI) gives interest ranging from 4.5 percent to 6 percent to general customers and 5 percent to 6.50 percent to senior citizens on FDs maturing in 7 days to 10 years. These rates are with effect from 10th November.
7 days to 45 days 4.50 percent
46 days to 179 days 5.00 percent
180 days to 210 days 5.50 percent
211 days to less than 1 year 5.50 percent
1 year to less than 2 year 6.00 percent
2 years to less than 3 years 6.00 percent
3 years to less than 5 years 6.00 percent
5 years and up to 10 years 6.00 percent
Axis Bank latest FD interest rates (below Rs 2 crore) for general public effective 11 February
Axis Bank offers FDs across different maturity period, ranging from 7 days to 10 years. The bank has revised the interest rate on FDs on 11 November 2019. For general customers, the bank gives interest on FDs ranging from 3.5 percent to 6.50 percent. Axis Bank offers higher interest rate to senior citizens on select maturities. The bank offers interest ranging from 3.50 percent to 7.15 percent to senior citizens.
7 days to 14 days 3.50
15 days to 29 days 4.25
30 days to 45 days 4.90
46 days to 60 days 5.40
61 days < 3 months 5.40
3 months < 4 months 5.40
4 months < 5 months 5.40
5 months < 6 months 5.40
6 months < 7 months 5.80
7 months < 8 months 5.80
8 months < 9 months 5.80
9 months < 10 months 6.05
10 months < 11 months 6.05
11 months < 11 months 25 days 6.05
11 months 25 days < 1 year 6.40
1 year < 1 year 5 days 6.40
1 year 5 days < 1 year 11 days 6.40
1 year 11 days < 1 year 25 days 6.40
1 year 25 days < 13 months 6.40
13 months < 14 months 6.40
14 months < 15 months 6.40
15 months < 16 months 6.40
16 months < 17 months 6.40
17 months < 18 months 6.40
18 Months < 2 years 6.50
2 years < 30 months 6.50
30 months < 3 years 6.50
3 years < 5 years 6.50
5 years to 10 years 6.50
3.5 to 7.15 senior citizens
Bank of Baroda latest FD interest rates (below Rs 2 crore) for general public effective 10 February
7 days to 14 days 4.50 percent
15 days to 45 days 4.50 percent
46 days to 90 days 5.00 percent
91 days to 180 days 5.00 percent
181 days to 270 days 5.50 percent
271 days & above and less than 1 year 5.50 percent
1 year 6.00 percent
Above 1 year to 400 days 6.00 percent
Above 400 days and upto 2 years 6.00 percent
Above 2 years and upto 3 years 6.00 percent
Above 3 years and upto 5 years 6.25 percent
Above 5 years and upto 10 years 6.00 percent
Bank of Baroda offers interest rate ranging from 4.5 percent to 6.25 percent on FDs maturing in 7days to 10 years. The bank offers special interest rate on FD for senior citizens. Senior citizens get an additional interest of 0.50 percent. So, after the latest revision, senior citizens will get an interest rate ranging from 5 percent to 6.75 percent on these deposits. These rates are applicable from 10 February.
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