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