SBI Update: SBI once again gave a big blow to FD holders, now they will get this much interest..

Bank FD News: After three consecutive cuts in the repo rate by the Reserve Bank of India (RBI), banks have significantly reduced interest rates on fixed deposits (FDs). This trend is continuing. The country's largest bank, the State Bank of India (SBI) has once again cut FD rates.

According to the bank's website, interest rates on FDs ranging from 46 days to less than 1 year have been reduced by 0.15%. These revised rates have become effective from July 15, 2025.

How much have interest rates been reduced for which period?

SBI has reduced the interest rate from 5.05% to 4.90% for the period of 46 days to 179 days for the general public. The FD interest rate for the period of 180 days to 210 days has been reduced from 5.80% to 5.65%. For 211 days to less than 1 year, the bank has reduced the interest rate for general citizens from 6.05% to 5.90%. (SBI Bank FD Rates)

Shock to senior citizens too-
FD rates have been cut for senior citizens. The bank has reduced the interest rate on FDs of 46-179 days by 15 basis points to 5.40%, which was earlier 5.55%. The rate on FDs of 180-210 days has been reduced from 6.30% to 6.15%. Similarly, for 211 days to less than 1 year, senior citizens will now get 6.40% interest, which was earlier 6.55%.

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