The applicable interest rates will be given on the date and time of receipt of the funds by the bank for both general and senior customers. For a tenure of more than 5 years and up to 10 years, senior citizens are eligible for an additional rate of 0.75 per cent a year. Senior citizens usually enjoy an additional rate of interest of 0.50 per cent per annum for tenures of 7 days to 5 years. For senior citizens, the interest rates range between 3.5 per cent and 7.00 per cent for schemes 7 days to 10 years.Īlso read: Fixed deposit rates: HDFC Bank, Bank of Maharashtra hike FD rates again for plans under Rs 2 crore The interest rate ranges from 3 per cent to 6.25 per cent for general customers.
The private sector lender offers a different fixed deposits or term deposits for tenures ranging from 7 days to 10 years. The SBI Wecare deposit scheme is available for customers till March 31, 2023. The interest rate payable to SBI Staff and SBI pensioners will be 1.00 per cent over and above the applicable rate, the bank highlighted on its website. The public lender said that its special SBI Wecare deposit scheme, especially for senior citizens, for the retail term deposit of 5 Years and above tenor will earn 7.25 per cent interest. Here’s the latest interest rate in all tenors: Tenors
Also read: Fixed deposit rates: ICICI Bank, Axis Bank, Bank of Baroda hike interest rates in various tenors check FD rates here
