Interest Rates
5.05% – 7.05%
Time Period
3 months – 10 years
Min - Max Amount
1,000 - No upper limit
Compounding
Quarterly
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Select Duration
Expected Rate of Return
The future value of investment will be
₹ 0
Invested Amount
₹ 10,000
Est. Returns
₹ 0
State Bank of India (SBI) is one of the most trusted and recognised names in Indian banking. It is headquartered in Mumbai and offers its customers a variety of products and services including savings accounts, fixed deposits, loans, and credit cards. Customers can park their surplus savings in multiple fixed deposit account options and enjoy attractive interest on them over a certain period.
As the largest banking and financial services institution in India, SBI manages assets worth over ₹61 trillion. With a customer base of more than 50 crore people, the bank operates through an extensive network of over 22,500 branches, nearly 63,580 ATMs/ADWMs, and around 82,900 business correspondent outlets.
SBI has also expanded its presence across multiple financial sectors through its subsidiaries like SBI Life Insurance, SBI General Insurance, SBI Mutual Fund, and SBI Card. Not just limited to India, the bank has a global footprint with 241 offices in 29 countries, serving customers across different time zones.
The FDs provided by SBI have been rated as FAAA/Stable by CRISIL. This implies that the FD offered by SBI is stable, and generates guaranteed and timely returns.
Tenure | Regular Customers (% p.a.) | Senior Citizens (% p.a.) |
7 days – 45 days | 3.05 | 3.55 |
46 days – 179 days | 5.05 | 5.55 |
180 days – 210 days | 5.80 | 6.30 |
211 days – 364 days | 6.05 | 6.55 |
1 year – 1 year 364 days | 6.25 | 6.75 |
2 years – 2 years 364 days | 6.45 | 6.95 |
3 years – 4 years 364 days | 6.30 | 6.80 |
5 years – 10 years | 6.05 | 7.05 |
Note: The data is as of June 15, 2025
Tenure | Public (% p.a.) | Senior Citizen (% p.a.) |
7 days to 14 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: The data is as of June 15, 2025
These FDs range between 7 days to less than a year, offering interest rates from 3.05% to 6.05% for regular customers and 3.55% to 7.05% for senior citizens. This type of FD can be suitable for short-term savings and quick liquidity.
These FDs range from 1 year to less than 3 years, with interest rates between 6.25% to 6.30% for regular customers and 6.75% to 6.80% for senior citizens. This can be a suitable option for planned expenses over the medium term.
These FDs range from 3 years to 10 years, offering 6.30% for regular customers and up to 7.05% for senior citizens. This can be suitable for long-term wealth creation with stable and assured returns.
| Tenure Range | Institution Name | Interest Rate Range (% p.a.) |
|---|---|---|
| 1 to 5 years | 6.05 - 7.05› |
 | 1 to 5 years | 6.50 – 7.25› |
 | 1 to 5 years | 5.85 – 7.40› |
 | 1 to 5 years | 6.00 – 7.00› |
 | 1 to 5 years | 7.00 – 7.40› |
Note: The data is as of July 8, 2025
SBI Bank allows various individuals and entities to open a fixed deposit account, provided they meet the eligibility norms. The following categories are eligible:
SBI provides the ‘SBI Tax Savings Scheme, 2006’, where investors can deposit a minimum of ₹1,000, with additional deposits allowed in multiples of ₹100. The maximum investment permitted under this scheme is ₹1.5 lakh. It comes with a mandatory lock-in period of 5 years, though the account can remain active for up to 10 years.
Deposits made under this scheme qualify for tax benefits under Section 80C of the Income Tax Act, 1961. Senior citizens receive an extra 0.5% interest over the standard rate, while SBI employees and pensioners enjoy an additional 1% interest.
Interest earned on these deposits is subject to Tax Deducted at Source (TDS). TDS is deducted on interest earned as per the prevailing Income Tax rules. However, depositors can submit Form 15G or 15H to request exemption from tax deduction, subject to eligibility under the Income Tax guidelines.
SBI allows premature withdrawal of Fixed Deposits; however, it typically comes with a penalty. For deposits up to ₹5 lakh, a 0.50% deduction is applied on the interest rate, while FDs above ₹5 lakh attract a 1% penalty. This deduction is made from the interest earned, which may lower the final rate below the originally agreed rate.
