Latest FD Interest rates of State Bank of India
State Bank of India strategy to go for loans with to some extent higher risk only after it has tired all opportunities to lend to the best companies. This move comes at a instance when the bank is saddled with dreadful loans aggregating about Rs 55,000 crore due to the economic delay.
Further, India’s largest bank wants to focus more on term loans as it is more paying. Besides, the working capital space is too packed out.
“Below Rupees One Crore” effective from the 1st April 2013
(All figures in % per annum)
| 7 days to 90 days |
6.50 |
6.50 (Sr. Citizen) |
| 91 days to 179 days |
6.50 |
6.50 |
| 180 days |
6.50 |
6.50 |
| 181 days to 240 days |
6.50 |
6.50 |
| 241 days to less than 1 year |
6.50 |
6.50 |
| 1 year to less than 2 years |
8.75 |
9.00 |
| 2 years to less than 3 years |
8.75 |
9.00 |
| 3 years to less than 5 years |
8.75 |
9.00 |
| 5 years and up to 10 years |
8.75 |
9.00 |
