SBI Fixed Deposit Interest Rates 2025
State Bank of India offers attractive interest rates on fixed deposits for tenures that range from 7 days to 10 years with many attractive features and benefits.
The SBI FD interest rates for the general public range from 3.50% p.a. to 7.00% p.a. and for senior citizens FD rates range from 4.00% p.a. to 7.50% p.a.
The interest rate of SBI Tax Saving FD is 6.50% p.a. Also, for senior citizens SBI offers additional premium of 50 bps under “SBI Wecare’’ deposit scheme.
Domestic Term Deposits (Below Rs.3 crore)
The interest rates for domestic term deposits of less than Rs.3crore are given below:
Tenure | Interest Rates for Public | Interest Rates for Senior Citizens |
7 days to 45 days | 3.50% | 4.00% |
46 days to 179 days | 5.50% | 6.00% |
180 days to 210 days | 6.25% | 6.75% |
211 days to less than 1 year | 6.50% | 7.00% |
1 Year to less than 2 years | 6.80% | 7.30% |
2 years to less than 3 years | 7.00% | 7.50% |
3 years to less than 5 years | 6.75% | 7.25% |
5 years and up to 10 years | 6.50% | 7.50*% |
Note : The above-mentioned interest rates are effective from 15 April 2025. SBI can change the interest rates without prior notice.
Non-callable Term Deposit from Rs. 1.01 crore to less than Rs. 3 crore
Tenure | Rate of Interest for General Public | Rate of Interest for Senior Citizen |
1 year (0.30% above Card Rate) | 7.00% p.a. | 7.50% p.a. |
2 years (0.40% above Card Rate) | 7.30% p.a. | 7.80% p.a. |
*Note: Pre-Mature Payment is not allowed in this scheme.
Interest Rates for SBI Tax Savings Scheme
Tax deductions of up to Rs.1.5 lakh can be availed under Section 80C of the Income Tax Act, 1961, by investing in the SBI Tax Savings Scheme for a tenure of 5 years. There is no premature withdrawal for this scheme.
The interest rate for this scheme is as given below:
Tenure | Rate of Interest for General Public | Rate of Interest Senior Citizen |
5 years | 6.50% p.a. | 7.50% p.a. |
Note: The interest rates are subject to change as per the discretion of the bank. Rates with effect from 5 April 2025 .
Features of SBI Fixed Deposits
SBI fixed deposits have several features which are customer-friendly such as:
- Interest payments on a calendar quarter/quarterly/monthly basis
- Minimum deposit is Rs.1,000 only
- No limit on maximum deposit
- Tenure ranging from 7 days to 10 years
- Nomination facility is available
- Loans of up to 90% of the principal amount can be availed against the FD
- Overdraft of up to 90% of the principal amount can be availed against the FD
- Term Deposit with Regular Interest Payout can be converted to Cumulative Interest Payout and vice versa
- FD account can be open through the bank's branches or online through the SBI personal internet banking portal
- For a term deposit of up to Rs.5 lakh, the penalty for premature withdrawal, across all the tenures, is 0.50%
- Tax Deducted at Source (TDS) will be taken only if Form 15G/15H is not submitted
The Last Date for SBI Amrit Kalash Deposit Scheme has been Extended
The State Bank of India (SBI) relaunched the Amrit Kalash Deposit scheme and has extended the deadline to 31 December 2023. SBI relaunched the scheme for NRI (Non-Resident Indians) and domestic customers, which is specially designed for a specific duration of 400 days. Senior citizen investors and general customers can earn interest at the rate of 7.60% and 7.10%, respectively. As per the official website of SBI, the scheme is already into effect from 12 April 2023.
SBI NRO Fixed Deposit
The rate of interest for SBI NRO fixed deposit is as listed below:
Tenure | Below Rs.3 Crore | Rs.3 Crore & above |
7 days to 45 days | 3.50% | 5.25% |
46 days to 179 days | 5.50% | 6.25% |
180 days to 210 days | 6.25% | 6.60% |
211 days to less than 1 year | 6.50% | 6.75% |
1 year to less than 2 years | 6.70% | 6.80% |
444 days (AMRIT VRISHTI) | 7.05 % | -- |
2 year to less than 3 years | 6.90% | 6.75% |
3 years to less than 5 years | 6.75% | 6.50% |
5 years and up to 10 years | 6.50% | 6.25% |
Note: The interest rates are effective from 15 April 2025 onwards and are subject to change.
NRE Fixed Deposit Interest Rates
The interest rates for non-resident External (NRE) account deposits are as given below:
Tenure | Below Rs. 3 crore | Rs. 3 crore & above |
1 year to less than 2 years | 6.70% p.a. | 7.80% |
444 days (AMRIT VRISHTI) | 7.05% p.a. | -- |
2 years to less than 3 years | 6.90% p.a. | 6.75% p.a. |
3 years to less than 5 years | 6.75% p.a. | 6.50% p.a. |
5 years to 10 years | 6.50% p.a. | 6.25% p.a. |
Note: The interest rates mentioned in the table are effective 15 April 2025 .
SBI FCNR Interest Rates
CURRENCY | USD | GBP | EURO | CAD | AUD | JPY | ||||||
Tenure | RATE (% p.a.) | YIELD | RATE (% p.a.) | YIELD | RATE (% p.a.) | YIELD | RATE (% p.a.) | YIELD | RATE (% p.a.) | YIELD | RATE (% p.a.) | YIELD |
1 year | 5.25 | 5.32 | 4.75 | 4.82 | 3.25 | 3.30 | 3.45 | 3.50 | 4.25 | 4.31 | 0.40 | 0.41 |
Above 1 year to less than 2 years | 5.25 | 5.54 | 4.75 | 4.99 | 3.25 | 3.38 | 3.45 | 3.59 | 4.25 | 4.45 | 0.40 | 0.41 |
2 years to less than 3 years | 4.40 | 4.72 | 4.65 | 5.00 | 1.50 | 1.55 | 3.20 | 3.38 | 4.15 | 4.44 | 0.40 | 0.41 |
3 years to less than 4 years | 4.20 | 4.59 | 3.65 | 3.95 | 1.50 | 1.56 | 2.95 | 3.15 | 4.05 | 4.41 | 0.40 | 0.41 |
4 years to less than 5 years | 3.80 | 4.21 | 3.50 | 3.85 | 1.50 | 1.57 | 3.00 | 3.26 | 3.95 | 4.39 | 0.30 | 0.31 |
5 years | 3.90 | 4.33 | 3.40 | 3.73 | 1.50 | 1.57 | 3.05 | 3.32 | 3.85 | 4.27 | 0.30 | 0.31 |
Note: The interest rates mentioned in the table are effective from 15 April 2025 and are subject to change at the bank’s discretion.
SBI RFC Interest Rates
The interest rates for RFC account deposits are as given below:
Tenure | USD | GBP | EURO |
1 year to less than 2 years | 5.25 | 4.75 | 3.25 |
2 years to less than 3 years | 4.40 | 4.65 | 1.50 |
3 years | 4.20 | 3.65 | 1.50 |
Note: The interest rates mentioned in the table are effective 15 Aril 2025 and are subject to change at the bank’s discretion.
Types of SBI Fixed Deposit Schemes
The various types of SBI fixed deposit schemes are mentioned below
SBI Amrit Kalash Deposit
The various features of SBI Amrit Kalash deposit are mentioned below -
Deposit Amount | Less than Rs.2 crore |
Tenure of the Deposit | 400 days |
Eligibility | Indian residents and NRIs |
Premature withdrawal facility | Not available |
Special features | Additional interest available for senior citizens |
Loan facility | Available |
Renewal of deposit | Available |
Interest payout | Monthly/quarterly/yearly |
SBI Annuity Deposit Scheme
In the SBI Annuity Deposit Scheme, the depositor makes a single lump sum payment and receives a fixed monthly payment for the duration of the agreement.
Deposit Amount | Based on a minimum monthly annuity for the relevant period of Rs.1,000 |
Tenure of the Deposit | 36, 60,84, or 120 months |
Eligibility | Indian residents including minors |
Premature payment | Deposits up to Rs.15 lakh are permitted (penalties may apply). |
Loan facility | In exceptional circumstances, grants up to 75% of the remaining annuity amount may be made. |
SBI Tax Depositor Scheme
In accordance with Section 80C of the Income Tax Act, this FD plan offers tax advantages and has a five-year maximum lock-in term. The minimum amount to deposit is Rs.1,000 and the maximum deposit amount is Rs.1.5 lakh.
SBI Multi Option Deposit Scheme
The FD account in this program is connected to a savings or current account, enabling the depositor to withdraw money at any time in multiples of Rs.1,000. The MODS account's remaining balance will continue to earn interest at the Term Deposit rates in effect at the time of the first deposit.
SBI Fixed Deposit Reinvestment Plan
The SBI reinvestment scheme is where the quarterly interest will be added to your principal deposit amount and on this, a further interest will be calculated. The interest will be reinvested in the amount yielding to a much higher interest and maturity amount.
How to Apply for SBI Fixed Deposit (FD)
Existing SBI clients can access the YONO SBI mobile app and internet banking to open SBI FDs online. As an alternative, individuals can go to the closest SBI bank branch and deposit a minimum of Rs.1,000 along with the completed SBI FD form. The SBI FD form is available to individuals both online and at SBI branch locations.
TDS Implications on SBI Fixed Deposit
The various TDS implications on SBI fixed deposit are mentioned below
- According to the depositor's tax bracket, interest income from fixed deposits, including tax-saving fixed deposits, is taxable.
- TDS of 10% and 20% on non-submission of PAN Card is applied to interest earned by resident Indians above Rs.40,000 (Rs.50,000 for senior people) (effective from AY 2023–24).
- By making an investment in an SBI tax saving FD, depositors are eligible to deduct up to Rs.1.5 lakh in taxes under Section 80C.
Documents Required to Open an SBI FD
- Application Form
- Depositor's photograph (2 copies)
- Identity proof & Address proof as per KYC Norms
- PAN Card copy/ Form 60 or 61
- Aadhaar Card
Benefits of SBI Fixed Deposits
- Nomination facility
- Automatic renewal option after maturity
- Part withdrawal facility on the deposits
- Avail loan up to 90% of the deposit amount
- Online operation for the FD account
Nomination Facility on SBI Fixed Deposits (FDs)
- State Bank of India (SBI) offer the facility of nomination on all their deposit accounts. Discussed below are some of the terms and conditions applicable in this case:
- The nomination facility is available only for the individual holding accounts.
- Nomination can be done favouring only one person.
- Nomination can be done favouring a minor as well. However, in the case of receipt of the amount, the natural guardian of the minor will be receiving the amount if the minor does not attain the age of 18 years.
- The nomination for a SBI FD can be made, cancelled, and altered at any point in time.
Term-wise State Bank of India FD Interest Rates
- SBI Short-term Deposits - Short-term Term Deposits are deposits which are opened for a short period of time that ranges for 7 days to less than 12 months. The interest offered by the bank to general citizens for opening a short-term FD is between 3.50% to 6.50%p.a.
- SBI Medium-term Deposits - Medium-term fixed deposits have tenures that range from 12 months to less than 5 years. The interest offered by the bank to general citizens for opening a short-term FD is between 6.75% to 7.00%p.a.
- SBI Long-term Deposits - Long-term fixed deposits are those that have a tenure that ranges from 5 years to 10 years. The interest rate for such deposits is 6.50% p.a.
- SBI Fixed Deposits for Senior Citizens - An additional interest rate of up to 0.50% p.a. is offered to senior citizens for fixed deposits. The rate of interest ranges from 4.00% to 7.50% p.a.
Factors That Affect SBI Fixed Deposit Rates
There are many factors that affect SBI FD interest rates, some of which are given below:
- Deposit Amount - Higher deposit amounts will fetch you higher interest rates, especially bulk deposits exceeding Rs.2 crore.
- Deposit Tenure - The shorter the tenure, the lower will be the interest rate and the longer the tenure, the higher the interest rate will be.
- Depositor type - Senior citizens typically get 0.50% additional interest rate on fixed deposits.
Calculating SBI FD Interest Rates
Before you open a SBI fixed deposit account or renew an existing one, it helps to calculate the amount you will get on maturity, with the added interest. This will help you decide which tenure will be the best for you, based on your requirements. This can be done easily online using the SBI FD interest rate calculator which will show you the exact amount you will earn on maturity for your fixed deposit. All you have to do is enter the figures for the amount you wish to invest, the interest rate applicable, and the tenure. The result will be displayed instantly on the page.
Here's an example.
If you decide to invest Rs.1 lakh in your SBI FD account for a tenure of 5 years. The applicable interest rate is 6.10% p.a. Upon maturity, with an annual compounding frequency, you will earn Rs.35,351 as interest and your maturity amount will be Rs.1,35,351.
Eligibility to Open an SBI FD
- Individual
- Joint account but not exceeding 4 applicants
- Minor with a guardian
- Partnership
- Company
- Any association or Institute
- NRIs
Loan Against SBI Fixed Deposit
State Bank of India (SBI) offers loans to its customers against fixed deposits. The features are being listed below:
- Customers can avail a loan which goes up to 90% of the total value of the term deposit.
- You can avail both SBI Overdraft Facility and Demand Loan, as per your requirement.
- The interest on the loan is charged on a daily reducing balance.
- No processing charges.
- No penalties charged for pre-payment of loans.
- You can avail a minimum loan amount of Rs.25,000 and a maximum loan amount of Rs.5 crore.
- The interest rates are charged at 1% in addition to the relative term deposit rate.
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FAQs on SBI FD Interest Rates
- What is the minimum investment for FDs under SBI?
The minimum deposit is Rs.1,000 top open a fixed deposit with SBI.
- What is the penalty for early withdrawal in SBI FD?
For a term deposit of up to Rs.5 lakh, the penalty for premature withdrawal, across all the tenures, is 0.50%.
- Do we have premature withdrawal facility on SBI FD?
Yes, you can prematurely withdraw your fixed deposit with SBI.
- What is the approximate time for an FD to double in SBI?
You can check the total amount you have yielded by calculating the same using the interest rates from the above tables.
- Can a customer open a term deposit account online in SBI?
Yes. All existing customers of SBI, who have an internet banking password and username can open an FD account.
- Can new customers open an FD online? If not, how can they do so?
For new customers, they will not be able to open an FD online unless they have an internet banking password and username. In such a case, the customer will have to request the bank for an internet banking account.
- Can I add more funds to my existing SBI FD?
No. This will not be possible.
- What are the consequences of not providing PAN card details?
If you do not provide your PAN Card details, then a higher TDS at the rate of 20% will be chargeable. Apart from that the Income Tax department will not give you any TDS credit or issue a TDS certificate and forms like 15G/H and other kind of tax exemption certificates will become invalid.
- Can an SBI FD account be closed online?
Yes, SBI FD account be closed online.
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