The State Bank of India has increased the interest rates on fixed deposits for following tenors. Here are the most recent FD rates.

Increase in SBI FD rates: The State Bank of India (SBI) has increased the interest rates on its fixed deposit products for a range of retail deposit tenures, up to ₹2 crore. On May 15, 2024, the new FD rates go into effect, according to the bank's website. Interest rates have increased by 25–75 basis points (bps) on 46–179 days, 180–210 days, and 211–less than one-year tenures at SBI. On December 27, 2023, the public sector bank raised interest rates on fixed-rate notes. Different fixed deposit (FD) interest rates are available from State Bank of India (SBI) depending on how long the deposit is for. The interest rate on deposits made for periods between seven and forty-five days is 3.50%. Regarding deposits made between 46 and 179 days, the rate increases to 5.50%. For 180 days to 210 days, the interest rate is 6.00%. Deposits held for 211 days to less than one year earn an interest rate of 6.25%. For a tenure of 1 year to less than two years, the interest rate is higher at 6.80%. The