The State Bank of India has nationwide credibility amongst account holders. Specifically, when the question of either putting money aside in saving accounts or fixing money for better interest earning comes, SBI stands apart the rest. Though after revision, the SBI fixed deposit rates have been shrunk than previous rates. Yet, it varies between 7.00% to 9.75% p.a.
Depending on tenor of fixed deposits and amount, SBI offers slabs of interest rates. The biggest offer by SBI is a sense of security and safety of hard earned money. Apart from being nationalized government bank, SBI is an old name in the market and this name itself is a cherry on the cake of the customers.
Fixed deposit is a hassle-free way of saving. A majority prefers fixed deposits than to invest in share or mutual funds. Fixed deposit becomes a trusted corner stone when SBI offers this facility. SBI fixed deposit rates are as par the Government sanctions, transparent and convenient for everyone who wants to save.
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