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SBI FD Interest Rates

SBI offers attractive FD interest rates, starting from 3.05% and going up to 6.60% p.a. for regular depositors, depending on the chosen tenure which ranges from 7 days to 10 years. Senior citizens enjoy an added benefit with rates ranging between 3.55% and 7.10% per annum. The SBI Tax Saving FD provides 6.05% interest for the general public and 7.05% for senior citizens.

SBI Fixed Deposits (FD) Key Highlights

Interest rates (p.a)

3.05% - 7.10%

Minimum Deposit

₹1,000

Maximum Deposit

No Limit

Lock In Period

12 Months

Tenure

7 Days - 10 Years

Senior Citizen Benefit

Extra 0.5% P.A

Fixed Deposits (FDs) continue to be a popular and secure investment choice for individuals seeking stable returns with minimal risk. State Bank of India (SBI), India’s largest public sector bank, offers competitive interest rates on Fixed Deposits for both general customers and senior citizens. If you’re considering investing in SBI FDs in 2025, here’s a comprehensive overview of the latest rates, schemes, and benefits.

SBI FD Interest Rates for 2025

SBI FD Interest Rates for Term Deposits under Rs.3 crores

Tenures	Interest Rate (p.a.)	Interest Rate (p.a.)
	General Public	Senior Citizen
7 days to 45 days	3.05%	3.55%
46 days to 179 days	5.05%	5.55%
180 days to 210 days	5.80%	6.30%
211 days to less than 1 year	6.05%	6.55%
1 year to less than 2 years	6.25%	6.75%
2 years to less than 3 years	6.45%	6.95%
3 years to less than 5 years	6.30%	6.80%
5 years and up to 10 years	6.05%	7.05*%

The "SBI We-care" deposit scheme includes an extra premium of 50 basis points.

Note:

Interest rates apply from 15 Jun 2025 and may change anytime.

Non-callable Term Deposit for Retail (Rs. 1.01 cr to Less Than Rs. 3.00cr)
Tenure		General Public	Senior Citizens
1 year	0.30% above card rate	6.55%	7.05%
2 years	0.40% above card rate	6.85%	7.35%

Amrit Vrishti - 444 Days Fixed Deposit Scheme

Scheme	Interest Rate (p.a.) (General Public)	Interest Rate (p.a.) (Senior Citizens)	Validity Period
444 Days(Amrit Vrishti)	6.60%	7.10%	15th July 2024 to 31st March 2025

The SBI Green Rupee Term Deposit is offered for three specific tenures: 1111, 1777, and 2222 days, with an interest rate 10 basis points lower than the Card Rate.

SBI FD Interest Rates for Domestic Bulk Deposits of ₹3 Crore & Above

Tenures	Interest Rate(p.a.)	Interest Rate(p.a.)
	General Public	Senior Citizens
7 days to 45 days	4.50%	5.00%
15 days to 45 days	5.00%	5.50%
46 days to 179 days	5.25%	5.75%
180 days to 210 days	5.75%	6.25%
211 days to less than 1 year	5.75%	6.25%
1 Year to less than 2 years	6.25%	6.75%
2 years to less than 3 years	6.15%	6.65%
3 years to less than 5 years	6.00%	6.50%
5 years and up to 10 years	6.00%	6.50%

Note: Interest rates apply from 15 Jun 2025 and may change anytime.

SBI Green Rupee Term Deposit Interest Rates

Below are the current effective interest rates for SBI Green Rupee Term Deposit

Tenures	Retail Deposit		Bulk Deposit
Tenures	Gen. Public	Sr. Citizen	Gen. Public	Sr. Citizen
1111 Days	6.20%	6.70%	5.90%	6.40%
1777 Days	6.20%	6.70%	5.90%	6.40%
2222 Days	5.95%	6.95%	5.90%	6.40%

SBI Fixed Deposit Rates for NRIs

Latest NRE Term Deposit Interest Rates (Effective 15th June 2025)

Here’s a quick overview of NRE Term Deposit rates applicable from 15th June 2025:

Tenure	Below ₹3 Crore Interest Rates (p.a.)	₹3 Crore & Above Interest Rates (p.a.)
1 year to < 2 years	6.25%	6.25%
444 Days(Amrit Vrishti)	6.60%	-
2 years to < 3 years	6.45%	6.15%
3 years to < 5 years	6.30%	6.00%
5 years to 10 years	6.05%	6.00%

Premature Withdrawal Conditions:

No interest is paid if withdrawn before 1 year.
For withdrawals after 1 year:
Deposits up to ₹5 lakh: 0.50% penalty.Above ₹5 lakh and below ₹1 crore: 1% penalty.Interest is calculated at the rate applicable for the actual duration or the contracted rate minus penalty — whichever is lower.

Note: Rates may change without prior notice.

SBI NRO Term Deposit Interest Rates (Effective from 15th June 2025)

Below are the latest NRO Fixed Deposit rates:

Tenure	Below ₹3 Crore Interest Rates (p.a.)	₹3 Crore & Above Interest Rates (p.a.)
7 – 14 days	3.05%	4.50%
15 – 45 days	3.05%	5.00%
46 – 179 days	5.05%	5.25%
180 – 210 days	5.80%	5.75%
211 days – < 1 year	6.05%	5.75%
1 – < 2 years	6.25%	6.25%
444 Days (Amrit Vrishti)	6.60%	-
2 – < 3 years	6.45%	6.15%
3 – < 5 years	6.30%	6.00%
5 – 10 years	6.05%	6.00%

Premature Withdrawal Rules:

No interest is paid for withdrawals before 7 days.
After 7 days:
Up to ₹5 lakh: 0.50% penalty.Above ₹5 lakh to below ₹1 crore: 1% penalty.Interest paid is the lower of: applicable rate for actual period minus penalty or contracted rate minus penalty.

Note: Rates may change without prior notice.

Benefits of SBI Fixed Deposits

SBI Fixed Deposits offer a host of advantages, making them a preferred investment option for many:

Assured Returns: SBI FDs provide fixed and predictable returns, shielding your investment from market volatility.
Flexible Tenures: Investors can select tenures ranging from 7 days to 10 years to suit their financial goals.
Senior Citizen Benefits: Senior citizens enjoy an additional 0.50% interest rate over the standard FD rates.
Loan Against FD: Borrow against your FD at competitive interest rates without breaking the deposit.
Nomination Facility: Simplified nomination options for account holders ensure hassle-free claim processing.

Read Also:SBI Savings Account, Interest Rate | How to Apply & Eligibility

Types of SBI Fixed Deposit Schemes

SBI Green Rupee Term Deposit (SGRTD)

The SBI Green Rupee Term Deposit (SGRTD) is a distinctive initiative aimed at promoting eco-friendly projects by financing eligible green activities, in line with RBI guidelines issued on April 11, 2023.

Eligible Customers:Available to Resident Individuals, Non-Individuals, and NRIs (NRO and NRE deposits).
Deposit Amount: Starts at a minimum of ₹1,000 with no upper limit.
Available Products: Offered as Term Deposit (TD) and Special Term Deposit (STD). Not applicable for MOD, Tax Savings, Annuity, or Recurring Deposits (RD).
Tenure Options:Fixed durations of 1111 days, 1777 days, and 2222 days.
Premature Withdrawal: Allowed as per standard Term Deposit regulations.
Loan Facility: Customers can avail overdraft or demand loans against the deposit.
Accessibility: Currently available through SBI branches, with plans to launch on Internet Banking and the YONO app.
Nomination Facility: Provided as per eligibility guidelines.
TDS Deduction: ax Deducted at Source (TDS) will be applicable as per the prevailing Income Tax regulations. Customers eligible for exemption may submit Form 15G or 15H in accordance with the applicable provisions to avoid TDS deduction.
Account Portability: The account can be seamlessly transferred to any branch of State Bank of India across the country upon request, ensuring continued banking convenience.
Other Conditions: Switching between Term Deposit Receipt (TDR) and Special Term Deposit (SGRTD) is not permitted under the current scheme guidelines.

SBI 444 Days FD Interest Rate 2025 - Special SBI FD Schemes

The 444 Days FD is a special tenure term deposit introduced by SBI to offer higher returns over a fixed period of 1 year, 2 months, and 19 days. It is available for a limited time only and provides better interest rates compared to regular fixed deposits.

SBI 444 Days FD Interest Rate – Latest Update

As per the latest SBI FD interest rate update:

Customer Type	Interest Rates (p.a.)
General Public	6.60% p.a.
Senior Citizens	7.10% p.a.
Super Senior Citizens	7.20% p.a.

Key Features of SBI 444 Days FD Scheme

Tenure: Exactly 444 days
Minimum Deposit: ₹1,000
Maximum Limit: No upper limit
Type: Special FD scheme (Not available for tax saving)
Premature Withdrawal: Allowed (with penalty)
Loan Facility: Available against the FD
Interest Payout: Monthly/Quarterly/Half-yearly/Yearly or at maturity
Interest Rates Updated: Effective from 15/06/2025

SBI Tax Savings Scheme, 2006

The SBI Tax Savings Scheme, 2006 enables depositors to claim tax benefits under Section 80C of the Income Tax Act, 1961.

Tenure:
- Minimum: 5 years
- Maximum: 10 years
Effective from 15/06/2025
Interest Calculation: Interest is compounded quarterly.
Lock-in Period: 5 years (premature withdrawal is permitted only in case of the depositor’s death).
Loan Facility: Loans or advances are not available during the lock-in period.
Eligibility: Applicable to Resident Indians, including individuals and the Karta of Hindu Undivided Families (HUFs) with a valid PAN.
Deposit Amount:
- Minimum: ₹1,000 (in multiples thereof)
- Maximum: ₹1,50,000 annually
Effective from 15/06/2025
Account Types: Offered as Term Deposit (TD) and Special Term Deposit (STD).
Interest Rates: Same as standard Term Deposit rates.
Nomination Facility: Available for eligible account holders.

SBI Floating Rate Bulk Term Deposit (FRBTD)

The SBI Floating Rate Bulk Term Deposit (FRBTD) links its interest rates to external benchmarks, such as the RBI Repo Rate, ensuring dynamic returns as rates fluctuate during the deposit period.

Eligibility: Open to all individuals (including NRIs) and non-individual entities. Minors, even jointly with guardians, are not eligible. Senior citizen or staff-specific interest rate benefits do not apply.
Tenure:
- Minimum: 91 days
- Maximum: 3 years
- For NRE Rupee Term Deposits: Minimum tenure is 12 months.
Deposit Amount:
- Minimum: ₹2 crores (in multiples of ₹1,00,000 thereafter)
- Maximum: No limit
Premature Withdrawal: Penalty of 1% applies across all tenures. No interest is payable if withdrawn before 91 days.
Loan/Overdraft Facility: Loans up to 90% of the deposit amount are allowed. Interest for loans is 1.50% per annum above the applicable floating interest rate.
Transferability: Deposits can be transferred between SBI branches nationwide.

SBI Non-Callable Term Deposit - Retail (NCD-R)

The SBI Non-Callable Term Deposit - Retail (NCD-R) offers enhanced interest rates for significant investments while restricting premature withdrawals.

Eligibility: Available to Resident Individuals and Non-Individual Customers. Minors are excluded. NRI customers have a separate product option.
Tenure: Available for 1 year and 2 years.
Deposit Amount:
- Minimum: ₹1,00,01,000 (1 crore and 1 thousand)
- Maximum: Less than ₹3 crores
Interest Rates:
- 1-Year Tenure: 30 basis points above the standard rate
- 2-Year Tenure: 40 basis points above the standard rate
Eligible Products: Offered under TDR and STDR.
Interest Payment Options:
- TDR: Monthly, Quarterly, Half-Yearly, or Annually
- STDR: Interest is paid on maturity with the principal amount.
Premature Withdrawal: Not permitted except in cases such as court orders, regulatory instructions, bankruptcy, or the depositor’s death.
Loan Facility: Demand loan facility available; overdrafts are not permitted.
TDS: Deducted as per Income Tax regulations.
Channel: Accessible only through the Branch CBS platform.

SBI Non-Callable Term Deposit - Bulk (NCD-B)

The SBI Non-Callable Term Deposit - Bulk (NCD-B) is tailored for large depositors seeking higher interest returns without the option of premature withdrawals.

Eligibility: Open to Resident Individuals and Non-Individual entities. Minors are excluded. NRI customers have a separate product offering.
Special Conditions: Senior Citizens, Staff, and Staff Senior Citizens are not eligible for additional interest.
Tenure:
- Minimum: 7 days
- Maximum: Less than 3 years
Deposit Amount:
- Minimum: ₹3 crores (in multiples of ₹1,000 thereafter)
- Maximum: No limit
Interest Rates: Mark-up over Bulk Deposit card rates, determined by the bank.
Eligible Products: Available under TDR and STDR categories.
Interest Payment Options:
- TDR: Monthly, Quarterly, Half-Yearly, or Annually
- STDR: Paid on maturity along with the principal.
Premature Withdrawal: Not allowed except under specific cases like court directives, regulatory orders, bankruptcy, or the death of the depositor.
Loan Facility: Demand loan facility is available; overdrafts are not permitted.
TDS: Applicable as per Income Tax laws.
Channel: Offered exclusively through SBI’s Branch CBS channel.

SBI Annuity Deposit Scheme

The SBI Annuity Deposit Scheme lets you invest a one-time lump sum and receive fixed monthly payments - spanning both principal and interest - over a chosen period. This structure, akin to EMI payouts, aims to provide a steady income stream without depleting your capital.

Key Features

Lump sum investment: Equated Monthly Installments (EMIs): each EMI contains both principal and interest
Flexible tenure options: 36, 60, 84, or 120 months
Minimum annuity: ₹1,000 per month determines the deposit amount
No upper deposit cap Invest any amount, subject to branch policies
Interest rate: Same as SBI’s standard Term Deposit rates for similar tenures
Interest compounding: Calculated quarterly but paid out monthly
Loan/Overdraft facility: Up to 75% of the remaining annuity balance, under special cases
Transferability: Can be transferred between SBI branches
Nomination facility: Only individual nominees are accepted
Premature closure:
- Allowed up to ₹15 lakh, with standard FD-type penalty
- Unlimited in the event of depositor’s death, with no penalty
Payout timing: EMI starts from the first anniversary month after deposit; non-existent dates (29–31) are paid on the next month's 1st

SBI Multi Option Deposit Scheme (MOD)

The SBI Multi Option Deposit Scheme is a type of fixed deposit linked to your savings or current account. It offers higher interest like an FD but allows partial withdrawals in multiples of ₹1,000, maintaining liquidity. Here's a concise overview:

Minimum deposit amount: ₹10,000
Tenure ranges from 1 year to 5 years
Offers higher FD interest rates (same as regular SBI FD)
Linked to your Savings or Current Account
Auto sweep facility: Excess funds are automatically converted into fixed deposits
Allows partial withdrawal in multiples of ₹1,000 without breaking the entire deposit
Remaining balance continues to earn FD interest
Premature withdrawal permitted (penalty applicable)
Interest is subject to TDS as per Income Tax laws
Ideal for maintaining liquidity with better returns than a savings account

SBI Special Term Deposit Scheme

The SBI Special Term Deposit Scheme is a unique variant of regular Fixed Deposits, where interest is paid at the time of maturity instead of periodic payouts. The scheme ensures higher maturity amounts due to compounded interest.

- In case of premature withdrawal, the interest will be the lower of 0.50% or 1% below the applicable rate at the time of deposit, or 0.50% or 1% below the contracted rate.

- Flexible Tenure: Choose from a range of tenures between 6 months and 10 years.

- Minimum Deposit: Start investing with an affordable minimum amount of ₹1,000.

- Compound Interest: Interest is compounded quarterly, resulting in a higher maturity value compared to standard FDs.

- Premature Closure: Available with a nominal penalty.

- Loan Facility: Use your Special Term Deposit as collateral to avail loans when required.

FD Interest Rates 2025 Comparison - Top 5 Banks in India

Check out the latest Fixed Deposit interest rates offered by the top banks in India:

Bank	General Public (p.a.)	Senior Citizens (p.a.)
State Bank of India (SBI)	3.05% - 6.60%	3.55% - 7.10%
HDFC Bank	2.75% - 6.60%	3.25% - 7.10%
ICICI Bank	3.00% - 6.60%	3.50% - 7.10%
Punjab National Bank (PNB)	3.25% - 6.70%	3.75% - 7.20%
Bank of Baroda	3.50% - 6.60%	4.00% - 7.10%

How to Open an SBI Fixed Deposit

You can open an SBI FD account through both online and offline modes:

Online Process:

1. Log in to the SBI Net Banking portal or YONO app.

2. Click on ‘Deposits’, choose ‘Fixed Deposits, and then click on ‘Open Fixed Deposit’.

3. Choose the tenure, deposit amount, and type of FD.

4. Verify your details and confirm the transaction.

Offline Process:

1. Visit your nearest SBI branch.

2. Fill out the Fixed Deposit application form.

3. Submit your KYC documents and deposit the amount.

4. Collect the FD receipt for your records.

Also check out - Post Office FD Interest Rates - Comparison with other banks

FAQs on SBI Fixed Deposit Interest Rates

1. What are current SBI FD interest rates?

Effective from June 15, 2025, SBI provides fixed deposit interest rates between 3.05% and 6.85% per annum for the general public, and between 3.55% and 7.35% for senior citizens, on deposits under ₹3 crore. For the special 444-day Amrit Vrishti scheme, the bank offers 6.60% to regular customers, 7.10% to senior citizens, and 7.20% to super senior citizens aged 80 and above.

2. What is the interest rate for FD in SBI for 444 days?

As of June 15, 2025, SBI offers a special fixed deposit scheme called Amrit Vrishti for a tenure of 444 days. The interest rate is 6.60% per annum for general customers, 7.10% for senior citizens, and 7.20% for super senior citizens - aged 80+. This scheme is available for retail term deposits below ₹3 crore.

3. What is the interest of 10 lakh FD in SBI per month?

The interest on a ₹10 lakh FD in SBI depends on the chosen tenure. Currently, SBI offers interest rates ranging from 3.05% to 6.05% per annum for the general public and 3.55% to 7.05% for senior citizens for deposit tenures between 7 days and 10 years. Monthly interest payouts vary based on the selected rate and payout option.

4. What is the minimum deposit amount for an SBI Fixed Deposit?

The minimum amount to start an SBI FD is ₹1,000.

5. What is the additional interest rate for senior citizens on SBI FDs?

Senior citizens receive an extra 0.50% interest rate over the regular FD rates.

6. Can I close my SBI FD before maturity?

Yes, SBI allows premature closure of FDs with a nominal penalty.

7. What are the tenure options available for SBI Fixed Deposits?

SBI FDs offer flexible tenures ranging from 7 days to 10 years.

8. Can I take a loan against my SBI Fixed Deposit?

Yes, you can avail a loan against your FD at affordable interest rates.

9. How is interest calculated under the SBI Special Term Deposit Scheme?

Interest is compounded quarterly and paid out at the time of maturity, ensuring higher returns.

Disclaimer:

This page includes information that has been compiled from many sources and is only offered for informational purposes. Since this type of data might change over time, we cannot guarantee that the information supplied or included within it is accurate. It is anticipated that the user would confirm with the relevant source prior to taking any choices or actions.

Latest & Update Sbi Fixed Deposit Rate News

SBI Bank’s special FD schemes with higher interest rates to end soon28 Oct 2022

The SBI in August introduced a new term deposit scheme known as the "Utsav Deposit." The scheme was open for investments on August 15, 2022, and investors can earn an interest rate of 6.1 percent interest. This offer was available for 75 days and wil...

SBI increases the Interest rate on Fixed Deposits 11 May 2022

The country’s leading lender State Bank of India has increased the interest rates on domestic bulk term deposits of Rs 2 cr and above. For Regular Customers, the SBI domestic bulk term deposit interest rate is 3.00 percent for Rs. 2 crores that are ...

SBI raises interest rates on some fixed deposit tenures18 Feb 2022

The State Bank of India has made changes in increasing the rates on FDs for the tenure period over 2 years. The updated interest rate on fixed deposits will be applicable from 15th February. Earlier the FDs interest rates for the tenure period of 2-3...

SBI Launches Platinum Term Deposits 24 Aug 2021

To commemorate the 75th Independence Day, SBI has launched a new fixed deposit scheme termed “Platinum Term Deposits.” Customers investing in this scheme get an additional interest of 15bps on all fixed and recurring deposits for 75 days, 75 weeks, a...

SBI Extends Deadline for Special Fixed Deposit Scheme for Senior Citizens17 Dec 2020

The deadline for “SBI Wecare” FD scheme for senior citizens has been extended until 31st March 2021. This is a fixed deposit scheme that fetches higher returns for senior citizens on their FDs. Currently, SBI offers interest rates of 5.4% on regular ...