SBI FD Rates 2019: Know which fixed deposit tenor will fetch you maximum interest

Revision in Interest Rates On Retail Domestic term deposits (Below Rs. 2 crore) interest rates revised w.e.f. 22.02.2019.

Fixed Deposits are one of the choicest investment instruments of the Indian public. (Image: PTI)

SBI FD Rates 2019: The State Bank of India last week revised its interest rates on various Fixed Deposit schemes. ‘Revision in Interest Rates On Retail Domestic term deposits (Below Rs. 2 crore) interest rates revised w.e.f. 22.02.2019’ read a notification issued by the country’s largest moneylender – SBI on its official web page for Domestic Term Deposits. SBI had last updated the interest rates on FDs back in November 2018, last year. Fixed Deposits are one of the choicest investment instruments of the Indian public who prefer zero-risk investments and tax-saving schemes. The State Bank of India is yet another popular choice for FDs amongst Indians as the bank offers better interest rates than many other public and private sector banks. Furthermore, the bank provides a 1.0% interest rate higher to its Staff and Pensioners, apart from offering a 0.5% interest rate higher to Senior Citizens. If you too are planning to park your money in a Fixed Deposit anytime soon (read ‘to claim deduction under Section 80 C’), then here’s a look at the SBI FD Rates 2019 on Fixed Term Deposits up to INR 2 Crores, that are effective from 22nd February 2019 onwards: Here's a list of SBI FD Rates 2019 on Fixed Deposits above INR 2 crores (<10 Crores) and INR 10< Crores