Tenors Existing for Public w.e.f. 09.05.2019 Revised For Public w.e.f. 01.08.2019 Existing for Senior Citizens w.e.f. 09.05.2019 Revised for Senior Citizens w.e.f. 01.08.2019 7 days to 45 days 5.75

5

6.25

5.5

46 days to 179 days 6.25

5.75

6.75

6.25

180 days to 210 days 6.35

6.25

6.85

6.75

211 days to less than 1 year 6.4

6.25

6.9

6.75

1 year to less than 2 year 7

6.8

7.5

7.3

2 years to less than 3 years 6.75

6.7

7.25

7.2

3 years to less than 5 years 6.7

6.6

7.2

7.1

5 years and up to 10 years 6.6

6.5

7.1

7



Tenors Existing w.e.f. 22.02.2019 Revised w.e.f 01.08.2019 Existing for Senior Citizen w.e.f 22.02.2019 Revised for Senior Citizen w.e.f. 01.08.2019 7 days to 45 days 5.75

5

6.25

5.5

46 days to 179 days 6.25

5.75

6.75

6.25

180 days to 210 days 6.35

6.25 6.85

6.75 211 days to less than 1 year 6.4

6.25

6.9

6.75

1 year to less than 2 years 6.7

6.7

7.2

7.2

2 years to less than 3 years 6.75

6.7

7.25

7.2

3 years to less than 5 years 6.8

6.6

7.3

7.1 5 years and upto 10 years 6.85

6.5

7.35

7



State Bank of India (SBI), in view of the falling interest rate scenario and surplus liquidity, has announced a reduction in fixed deposit interest rates across all maturities. In a press release, the bank stated that the new rates will be effective from August 1, 2019.SBI has cut rates on retail term deposits below Rs 2 crore and on bulk term deposits above Rs 2 crore. For time deposits with longer tenors, there is a reduction up to 20 basis points (bps) in the retail segment and 35 bps in the bulk segment. Interest rates have been slashed by 50-75 bps for time deposits with shorter tenors, i.e., up to 179 days.This comes as bad news for fixed income investors as the government reduced interest rates on small savings schemes like National Savings Scheme, Kisan Vikas Patra and Public Provident Fund have been cut by 10 basis points. This was announced in late June. Added to thisBanks, too, have been reducing interest rates on fixed deposits post RBI's last repo rate cut in June.Here is a look at the revised fixed deposit rates: (All figures in % per annum)Source: SBI wesbiteAccording to the SBI website, the proposed rates of interest will applicable to fresh deposits and renewals of maturing deposits. The interest rates on “SBI Tax Savings Scheme 2006(SBITSS)” Retail Deposits and NRO deposits shall be aligned as per the proposed rates for domestic retail term deposits.Here is a look at the buld deposit rates: (All figures in % per annum)Source: SBI website