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HomeBusinessSBI में FD की ब्याज दरों में बढ़ोतरी की: 1 साल की...

SBI में FD की ब्याज दरों में बढ़ोतरी की: 1 साल की FD पर अब मिलेगा 6.10% ब्याज, यहां देखें नई ब्याज दरें

  • Hindi News
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  • FD Interest Rates Hiked In SBI For 1 Year On FD Will Now Get 6.10% Interest, See New Interest Rates Here

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The country’s largest bank State Bank of India (SBI) has changed the interest rates of fixed deposits (FD). The bank has increased the interest rates of FD by up to 0.80%. The new interest rate has come into effect from 22 October. These rates of interest are for FDs less than Rs 2 crore.

How much interest is SBI paying on FD

Duration New Interest Rate (%) Interest Rate for Senior Citizen (%)
7 to 45 days 3.00 3.50
46 to 179 days 4.50 5.00
180 to 210 days 5.25 5.75
211 to less than 1 year 5.50 6.00
1 year to less than 2 years 6.10 6.60
2 years to less than 3 years 6.25 6.75
3 years to less than 5 years 6.10 6.60
5 years to 10 years 6.10 6.90

Investment for 5 years gets the benefit of tax exemption
By investing in this time deposit scheme and FD for 5 years, one can avail tax exemption under section 80C of the Income Tax Act 1961. Under this, you can take advantage of income tax exemption on investment up to Rs 1.50 lakh.

Keep these things in mind while making FD

It is important to choose the right tenure
Before investing in an FD, it is important to think about its tenure. This is because if investors withdraw before maturity, they will have to pay the penalty. Breaking the FD before maturity will result in a penalty of up to 1%. This can reduce the total interest earned on the deposit.

Don’t invest all your money in a single FD
If you are planning to invest 10 lakh rupees in FD in any one bank, then instead invest in 8 FDs of 1 lakh rupees and 4 FDs of 50 thousand rupees in more than one bank. With this, if you need money in the middle, you can arrange money according to your need by breaking the FD in the middle. Rest of your FD will be safe.

Withdrawal of interest
Banks earlier had the option to withdraw interest on quarterly and annual basis. Now you can also do monthly withdrawal in some banks. You can choose it according to your need.

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