SBI offers various FD plans to cater to the needs of different people. You can book a fixed deposit for 7 days to 10 years, with SBI FD interest rates 2025 ranging between 3.05% and 6.60% for the general public and 3.55% and 7.10% for senior citizens. Keeping updated with the latest SBI FD rates will help you easily assess your investment options.
Guaranteed return plans provide assured returns and the security of a life cover. These plans are an excellent option for risk-averse investors, as they are not affected by market fluctuations.
The SBI Fixed Deposit is a safe and secure investment plan that helps individuals earn consistent returns in a low-risk manner. It enables you to deposit your preferred amount once and earn interest for a specific term. SBI adjusts its FD rates, which go up to 6.60% per annum for the general citizens and up to 7.10% per annum for the senior citizens in response to market and RBI policy changes.
State Bank of India (SBI) is the largest and oldest bank in India and has a history of more than 200 years. SBI is a good choice for savings, loans, and investments due to its government support, rich history, open policies, and accessibility across the country.
When choosing an investment, it's important to understand the distinctions between options. Fixed deposits offer guaranteed returns and security, while other products, such as guaranteed return plans and mutual funds, can provide growth opportunities with different degrees of risk.
7 days to 10 years
₹1,000
No limit
18 years
No upper limit
Monthly, half-yearly, yearly, cumulative
Available with a penalty
Allowed, but with a penalty
Available~
Available
Yes. Deducted as per the applicable slab
Short-term, medium-term, long-term
The State Bank of India revised rates on certain short-term deposits w.e.f. July 15, 2025. The interest rates for tenures from 46 days to less than 1 year have been reduced by 15 basis points (0.15%) [source: Economic Times].
It is to be noted that the SBI FD interest rates are based on the Reserve Bank of India's (RBI) monetary policy and are influenced by factors like inflation rates & the nation’s prevailing economic situations.
| Tenure | Regular Rates | Senior Citizen |
| 7 Days to 2 Months | 3.05% | 3.55% |
| 2 Months to 6 Months | 4.90% | 5.40% |
| 6 Months to 7 Months | 5.65% | 6.15% |
| 7 Months to 12 Months | 5.90% | 6.40% |
| 1.2 Years | 6.60% | 7.10% |
| 1 Year to 2 Years | 6.25% | 6.75% |
| 2 Years to 3 Years | 6.45% | 6.95% |
| 3 Years to 5 Years | 6.30% | 6.80% |
| 5 Years to 10 Years | 6.05% | 7.05% |
| Tenure | General Public | Senior Citizen |
| 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% |
| Bank Name | Lowest Rate | Highest Rate |
| State Bank Of India | 3.05% | 6.6% |
| ICICI Bank | 2.75% | 6.6% |
| HDFC Bank | 2.75% | 6.6% |
| Axis Bank | 3% | 6.6% |
| Punjab National Bank | 3.25% | 6.6% |
| Kotak Mahindra Bank | 2.75% | 6.6% |
| Yes Bank | 3.25% | 7.75% |
| Bank of Baroda | 3.5% | 6.6% |
| IndusInd Bank | 3.25% | 7% |
| Indian Bank | 2.8% | 6.7% |
| Union Bank of India | 3.4% | 6.6% |
| Bank of India | 3% | 6.6% |
| Canara Bank | 4% | 7.25% |
| IDFC Bank | 3% | 6.6% |
| IDBI Bank | 3% | 6.75% |
| Indian Overseas Bank | 3.5% | 6.75% |
| Bank of Maharashtra | 2.75% | 6.7% |
| Central Bank of India | 3.5% | 7% |
| Punjab and Sind Bank | 3% | 6.8% |
| UCO Bank | 2.9% | 6.6% |
| RBL Bank | 3.5% | 7.2% |
| PNB Housing Finance | 3.25% | 6.6% |
| Federal Bank | 3% | 6.7% |
| Bandhan Bank | 3% | 7.4% |
| South Indian Bank | 2.9% | 6.6% |
| Karur Vysya Bank | 4% | 6.85% |
| Tamilnad Mercantile Bank | 4% | 7.05% |
| Karnataka Bank | 3.5% | 6.65% |
| DBS Bank | 2.75% | 6.55% |
| Shriram Finance Ltd | 6.79% | 7.35% |
| Bajaj Finance Ltd | 6.6% | 6.95% |
| Mahindra Finance Ltd | 6.4% | 6.8% |
| Fincare Small Finance | 3% | 8.61% |
| Unity Small Finance Bank | 4% | 6.75% |
| Suryoday Small Finance Bank | 4% | 8.2% |
| DCB Bank | 3.75% | 7.4% |
| Equitas Small Finance Bank | 3.5% | 7.6% |
| ESAF Small Finance bank | 2.75% | 7.6% |
| Karnataka Grameena Bank | 3.25% | 6.85% |
| North East Small Finance bank | 3.5% | 8.5% |
| Saraswat Bank | 3.25% | 7% |
*FD interest rates w.e.f. August 2025 (for general public, domestic FDs < ₹3 Cr).
While knowing the different types of SBI FDs allow you to choose the one that best suits your needs and return expectations, it is also crucial to know various highlights associated with a SBI FD.
SBI fixed deposit is a secure option for people who wish to gain returns on their money in a safe, traditional manner. SBI FDs allow you to make a one-time deposit of your chosen amount for a fixed tenure and earn interest thereon.
You can book an SBI FD online. Just register, fill out the SBI FD Form, and book an FD amount from your savings account.
If you find the offline process more convenient, just visit your nearest SBI branch to book an FD.
All Indian citizens who are of 18 years or above can open the SBI term deposit retail account.
It is also possible to open an SBI FD for a minor with their parent’s or guardian’s consent.
Other than Indian individuals, the SBI FD can be opened by:
The FD Interest rates in India offered by State Bank of India lie between 3.05% p.a. to 6.60% p.a. for the general citizens and 3.55% p.a. to 7.10% p.a. for the senior citizens, depending on the tenure and the category. The bank has slashed short-term deposit rates recently in response to the rate cut by the RBI. Although SBI FDs continue to be a safe and stable investment, returns for shorter terms are currently low.
˜Top plans are based on annualized premium, for bookings made through https://www.policybazaar.com in FY 25. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
* The Guaranteed Returns are dependent on the policy term and premium term availed, along with the other variable factors. The 6.9% rate of return is for an 18-year-old, healthy male for a policy term of 20 years and premium term of 10 years with a Rs . 20,000 monthly instalment premium. The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year, and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
** The Life Cover amount varies as per plan specifications. Please read the policy document for details.
+ Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
#Discount offered by insurance company
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
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