New Delhi: Fixed Deposits, or, FDs, this is the common and most considerable choice for Indians when it comes to investing their hard-earned money. But it is the go-to for a layman to decide which institutes offer the best return and the tenure that can be a perfect fit for them.


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Here we have decoded the return offered by SBI for different tenures. Read on to get details of SBI's latest fixed deposit rates in 2024. The below-mentioned rates are on FDs below Rs 2 crore. (Also Read: ICICI Bank Revises Service Charges For Savings Accounts: Check New Rates And Effective Date)


State Bank Of India (SBI) Latest Fixed Deposit (FD) Rates 2024


Regular investors will get a 3.5 percent return on FDs maturing between 7 days to 45 days. SBI offers a 4 percent return to senior citizens for the same tenure. (Also Read: 4 New IPOs To Hit Market This Week: Check Details Of Upcoming Public Offerings)


Fixed deposits maturing between 46 days to 179 days offer a 4.75 percent return to general investors while senior investors will get 5.25 percent.


A 5.75 percent interest rate is defined by the bank on the deposits for 180 days to 210 days. Senior citizens will get a 6.25 percent rate.


If you are planning to invest in fixed deposits whose maturity period ranges between 211 days to 364 days, will get a 6 percent return. As usual, senior citizens will get 0.5 percent more.


FDs maturing between 1 year and 1 year 364 days, give return 6.8 percent return. You will get a 7 percent interest rate on fixed deposits maturing between 2 years and 2 years 364 days. 


The bank offers a 6.75 percent return on deposits made for 3 years and 4 years 364 days. The interest rate on deposits that can be matured between 5 years to 10 years is 6.5 percent for the general public. Senior citizens will earn a 7.5 percent interest rate. 


Maximum Return


The highest return one can get from SBI FD investment is 7.1 percent. This benefit can be availed by investing in the Amrit Kalash Scheme.