SBI offers FD interest rates ranging from 3.05% to 6.45% p.a. for general citizens and 3.55% to 6.95% p.a. for senior citizens on deposits below ₹3 crore. Eligible super senior citizens under the SBI Patrons scheme can earn up to 7.05% p.a. on select deposits. Some of the popular FD schemes, such as the 444-day SBI Amrit Vrishti, offer a standard interest rate of 6.45% p.a. for general citizens and 6.95% p.a. for senior citizens.
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.
SBI FDs are secure investment options where you park your savings for a set period of time and earn higher, guaranteed rates. The bank offers a fixed interest rate depending on your deposit amount and investment tenure. Senior citizen investors get preferential rates (0.50% above the standard rates). Generally, the higher investment amounts with longer tenures usually offer better FD interest rates.
SBI's tax-saving FD scheme has a 5-year lock-in period and tax deductions under the Income-tax Act, 2025 (corresponding to former Section 80C of the Income-tax Act, 1961). The Tax-saving FD offered by SBI provides 6.05% p.a. to the general public and 7.05% to senior citizens. NRIs benefit from various types of FDs, with deposits accepted in multiple currencies. With an SBI FD, you get the security of a leading public sector bank plus the assured returns on your investment.
The SBI FD Calculator helps you estimate the interest earned and maturity amount on your fixed deposit. As SBI fixed deposit rates are revised from time to time, it is advisable to calculate your expected returns based on the latest applicable interest rate before investing.
To use the calculator, simply enter the deposit amount, investment tenure, and the applicable SBI FD interest rate. The calculator will instantly display the estimated interest earned and the maturity amount.
Below is a snapshot of some of the important things you should know about SBI fixed deposits.
3.05% - 6.45%
0.50%
7 days to 10 years
₹1,000
No limit
18 years
Monthly, half-yearly, yearly, cumulative
Available with a penalty
Allowed, but with a penalty
Available~
Available
TDS Deducted as per the applicable slab
State Bank of India (SBI) has hiked interest rates on domestic bulk term deposits (₹3 crore and above) effective from May 15, 2026. These revised rates apply across multiple tenures, offering higher yields for high-value investors.
State Bank of India (SBI) has hiked interest rates on domestic bulk term deposits (₹3 crore and above) effective from May 15, 2026. These revised rates apply across multiple tenures, offering higher yields for high-value investors.
| Tenure | Regular Rates | Senior Citizen |
| 7 Days to 45 Days | 3.05% | 3.55% |
| 46 Days to 179 Days | 4.90% | 5.40% |
| 180 Days to 210 Days | 5.65% | 6.15% |
| 211 Days to 364 Days | 5.90% | 6.40% |
| 444 Days to 444 Days | 6.45% | 6.96% |
| 365 Days to 729 Days | 6.25% | 6.75% |
| 730 Days to 1094 Days | 6.40% | 6.90% |
| 1095 Days to 1824 Days | 6.30% | 6.80% |
| 1825 Days to 3650 Days | 6.05% | 7.05% |
| Tenors | General Citizens | Senior Citizens |
| 7 days to 14 days | 4.50% | 5.00% |
| 15 days to 45 days | 5.00% | 5.50% |
| 46 days to 179 days | 5.10% | 5.60% |
| 180 days to 210 days | 5.60% | 6.10% |
| 211 days to less than 1 year | 5.60% | 6.10% |
| 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% |
*SBI FD interest rates w.e.f. 15-May-2026
SBI offers comparatively higher rates for non-callable fixed deposits, while NRIs can choose from NRE and NRO account options to book their deposits and get the applicable rates.
| Tenure | Preferential Rate | General Public | Senior Citizen |
| 1 Year | 0.30% above Card Rate | 6.55% | 7.05% |
| 2 Years | 0.40% above Card Rate | 6.80% | 7.30% |
| Tenure | General Citizens (p.a.) | Senior Citizens (p.a.) |
| 5 Years (Tax Saving FD) | 6.05% | 7.05% |
*Interest rates are w.e.f. May 15, 2026.
| Tenure | Retail (₹1.01 Cr to < ₹3 Cr) | Bulk (₹3 Cr & Above) | ||
| General Citizens | Senior Citizens | General Citizens | Senior Citizens | |
| 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% |
| Tenure | Interest Rates (p.a.) | |
| Below ₹3 Crore | ₹3 Crore & Above | |
| 1 year to less than 2 years | 6.25% | 6.25% |
| 444 Days (Amrit Vrishti) | 6.45% | – |
| 2 years to less than 3 years | 6.40% | 6.15% |
| 3 years to less than 5 years | 6.30% | 6.00% |
| 5 years to 10 years | 6.05% | 6.00% |
*NRE Term Deposit interest rates w.e.f. May 15, 2026.
| Tenure | Below ₹3 Crore (p.a.) | ₹3 Crore & Above (p.a.) |
| 7 days to 14 days | 3.05% | 4.50% |
| 15 days to 45 days | 3.05% | 5.00% |
| 46 days to 179 days | 4.90% | 5.10% |
| 180 days to 210 days | 5.65% | 5.60% |
| 211 days to less than 1 year | 5.90% | 5.60% |
| 1 year to less than 2 years | 6.25% | 6.25% |
| 444 Days (SBI Amrit Vrishti) | 6.45% | - |
| 2 years to less than 3 years | 6.40% | 6.15% |
| 3 years to less than 5 years | 6.30% | 6.00% |
| 5 years and up to 10 years | 6.05% | 6.00% |
*NRO Term Deposit interest rates w.e.f. May 15, 2026.
| Deposit Tenure | USD | GBP | EURO | CAD | AUD | JPY |
| 1 year | 4.40% | 4.00% | 3.00% | 3.08% | 4.25% | 0.65% |
| Above 1 year to less than 2 years | 4.40% | 4.00% | 3.00 | 3.08% | 4.25% | 0.65% |
| 2 years to less than 3 years | 3.55% | 3.95% | 1.50% | 2.83% | 4.15% | 0.65% |
| 3 years to less than 4 years | 3.35% | 3.00% | 1.50% | 2.58% | 4.05% | 0.65% |
| 4 years to less than 5 years | 2.95% | 2.90% | 1.50% | 2.63% | 3.95% | 0.55% |
| 5 years | 3.05% | 2.80% | 1.50% | 2.68% | 3.85% | 0.55% |
*FCNR (B) deposit interest rates w.e.f. May 15, 2026.
| Deposit Tenure | USD | GBP | EURO |
| 1 year to less than 2 years | 4.40% | 4.00% | 3.00% |
| 2 years to less than 3 years | 3.55% | 3.95% | 1.50% |
| 3 years | 3.35% | 3.00% | 1.50% |
Resident Foreign Currency (RFC) Account interest rates w.e.f. July 15, 2026.
SBI offers senior citizens an additional 0.50% p.a. interest over the regular SBI FD rates on eligible resident fixed deposits. This benefit is not available on NRE and NRO fixed deposits.
The bank also offers the SBI Patrons scheme for eligible super senior citizens. Under this scheme, depositors receive an additional 0.10% p.a. over the existing senior citizen rate. The benefit is available on fresh deposits and renewals.
Senior citizens can also choose the SBI WeCare Deposit Scheme. It offers an additional 0.50% p.a. over the regular senior citizen rate for eligible fixed deposits with a tenure of 5 years and above. The scheme is available on fresh deposits as well as renewals.
| Bank Name | Lowest Rate | Highest Rate |
| State Bank Of India | 3.05% | 6.45% |
| ICICI Bank | 2.75% | 6.5% |
| HDFC Bank | 2.75% | 6.45% |
| Axis Bank | 3% | 6.45% |
| Punjab National Bank | 3% | 6.4% |
| Kotak Mahindra Bank | 2.75% | 6.7% |
| Yes Bank | 3.25% | 7% |
| IndusInd Bank | 3.25% | 7% |
| Indian Bank | 2.8% | 6.45% |
| Union Bank of India | 2.75% | 6.3% |
| Bank of India | 3% | 6.7% |
| Canara Bank | 4% | 7.25% |
| IDFC Bank | 3% | 7% |
| IDBI Bank | 3% | 6.55% |
| Indian Overseas Bank | 2.9% | 6.6% |
| Bank of Maharashtra | 2.6% | 6.65% |
| Central Bank of India | 3% | 6.5% |
| Punjab and Sind Bank | 2.85% | 6.6% |
| UCO Bank | 2.9% | 6.45% |
| RBL Bank | 3.5% | 7.2% |
| PNB Housing Finance | 3.25% | 6.6% |
| Federal Bank | 3% | 6.75% |
| Bandhan Bank | 2.95% | 7.2% |
| South Indian Bank | 2.9% | 6.6% |
| Karur Vysya Bank | 4% | 6.65% |
| Tamilnad Mercantile Bank | 4% | 7.1% |
| Karnataka Bank | 3.5% | 6.65% |
| Abhyudaya Cooperative Bank | 3.75% | 6.35% |
| Shriram Finance Ltd | 6.85% | 7.5% |
| Bajaj Finance Ltd | 6.6% | 7.4% |
| Mahindra Finance Ltd | 6.4% | 7.25% |
| AU Small Finance Bank | 3.5% | 7.1% |
| Fincare Small Finance | 3% | 8.61% |
| Utkarsh | 4% | 7.5% |
| Unity Small Finance Bank | 4% | 7.25% |
| Suryoday Small Finance Bank | 4% | 8.1% |
| DCB Bank | 3.75% | 7.5% |
| Equitas Small Finance Bank | 3.5% | 7.3% |
| ESAF Small Finance bank | 2.75% | 7.6% |
| Karnataka Grameena Bank | 3.25% | 6.6% |
| North East Small Finance bank | 3.5% | 7.75% |
| Saraswat Bank | 3.25% | 6.9% |
| Shivalik Small Finance Bank | 3.5% | 7.5% |
| Ujjivan Small Finance Bank | 3.5% | 7.8% |
*FD interest rates w.e.f. August 2026 (for general public, domestic FDs < ₹3 Cr).
While knowing the different types of SBI FDs allows you to choose the one that best suits your needs and fixed deposit interest rate expectations, it is also crucial to know various highlights associated with an SBI FD.
An SBI credit card against FD is a secured credit card issued against an SBI Fixed Deposit of ₹25,000 or more. It offers rewards, cashback benefits, a fuel surcharge waiver, and helps you build your credit history without requiring income proof.
| Feature | Details |
| Card Type | Secured credit card backed by an SBI Fixed Deposit |
| Eligibility | SBI Fixed Deposit of ₹25,000 or more |
| Annual Fee Benefit | Annual fee of ₹499 waived for the first 4 years |
| Milestone Benefit | ₹500 cashback on annual spends of ₹50,000 |
| Reward Benefits | Earn 1 reward point for every ₹100 spent |
| Fuel Surcharge Waiver | 1% waiver on fuel transactions between ₹500 and ₹3,000 |
| Maximum Fuel Waiver | Up to ₹100 per statement cycle |
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 open an SBI Fixed Deposit online through SBI NetBanking or the YONO app in just a few simple steps.
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:
SBI offers the highest interest rate on its 444-day Amrit Vrishti scheme at 6.45% p.a. for general citizens, 6.95% p.a. for senior citizens and up to 7.05% p.a. for eligible super senior citizens under the SBI Patrons scheme. The bank offers several FD schemes, such as the SBI Patrons and SBI senior citizen FDs, that help depositors find a scheme matching their financial goals. NRIs looking to protect their savings against currency fluctuations can also earn competitive interest rates through an SBI FCNR Account.
10 Feb 2026
Fixed Deposit (FD) interest rates in India currently range from
˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI 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 7.4% 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
##The Guaranteed Returns are dependent on the policy term and premium term availed along with other variable factors. 7.4% rate of return is for an 18-year-old, healthy male for a policy term of 20 years and a premium term of 10 years with ₹5,00,000 annually installment premium. All plans listed here are from insurance companies’ funds.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
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