SBI FD interest rates 2024 range between 3.50% to 7.10% p.a. for regular citizens and 4.00% to 7.60% p.a. for senior citizens. The tenure of SBI fixed deposit interest rates 2024 varies from 7 days up to 10 years. In this article, we will explore SBI FD interest rates and other key fixed deposit rates offered by the SBI bank.
| Tenure | REGULAR RATES | SENIOR CITIZEN |
| 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 year | 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% |
| 400 days (Amrit Kalash) | 7.10% | 7.60% |
| 444 days (Amrit Vrishti) | 7.25% | 7.75% |
FD interest rates have been declining over last few years and is expected to further fall, as Indian economy grows in coming years.
For investors looking for a fixed return investment option, SBI Bank offers Guaranteed return plans as well which can be considered as an alternative to FD. These plans offer higher returns and come with an additional benefit of life cover for ensuring financial security for the investors family.
Total Investment
Interest Earned
Maturity Amount| BANKS | GENERAL CITIZENS | SENIOR CITIZEN |
| SBI FD Rates | 3.50% - 7.10% | 4.00% - 7.60% |
| HDFC Bank FD Rates | 3.00% - 7.20% | 3.50% - 7.75% |
| ICICI Bank FD Rates | 3.00% - 7.10% | 3.50% - 7.65% |
| Axis Bank FD Rates | 3.00% - 7.10% | 3.50% - 7.75% |
| PNB FD Rates | 3.50% - 7.25% | 4.00% - 7.75% |
| Yes Bank FD Rates | 3.25% - 7.75% | 3.75% - 8.25% |
| Kotak Mahindra FD Rates | 2.75% - 7.25% | 3.25% - 7.75% |
| Bandhan Bank FD Rates | 3.00% - 5.00% | 3.75% - 5.75% |
| Union Bank of India FD Rates | 3.00% - 7.00% | 3.50% - 7.50% |
| Indusind Bank FD Rates | 3.50% - 7.85% | 4.25% - 8.25% |
| Canara Bank FD Rates | 4.00% - 7.25% | 4.00% - 7.75% |
| Bank of Baroda FD Rates | 3.00% - 7.25% | 3.50% - 7.75% |
| IDFC Bank FD Rates | 3.00% - 7.50% | 3.50% - 8.00% |
| Indian Bank FD Rates | 2.80% - 6.70% | 2.80% - 7.20% |
| DBS Bank FD Rates | 2.50% - 5.50% | 2.50% - 5.50% |
| UCO Bank FD Rates | 2.55% - 5.05% | 3.80% - 6.30% |
| Bank of India FD Rates | 3.00% - 7.25% | 3.00% - 7.75% |
| IDBI Bank FD Rates | 2.90% - 5.30% | 3.40% - 5.90% |
| Central Bank of India FD Rates | 2.75% - 5.15% | 3.25% - 5.65% |
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| Tenure | SBI FD Interest Rates 2024 (in % p.a.) |
| For 400 days | 7.10% p.a. (highest slab rate) |
| For 1 year | 6.80% p.a. |
| For 2 years | 7.00% p.a. |
| For 3 years | 6.75% p.a. |
| For 4 years | 6.75% p.a. |
| For 5 years | 6.50% p.a. |
| Tax-Saving FDs | 6.50% p.a. |
| Tenor | Interest Rates for General Citizens (in % p.a.) | Interest Rates for Senior Citizens (in % p.a.) |
| 7 days to 45 days | 3.50% | 4.00% |
| 46 days to 179 days | 4.75% | 5.25% |
| 180 days to 210 days | 5.75% | 6.25% |
| 211 days to less than 1 year | 6.00% | 6.50% |
| 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% |
| Tenors | Interest Rates (p.a.) |
| 5 years | 7.50% |
| 10 years | 7.50% |
| Tenure | Regular Customers Interest Rates (p.a.) | Senior Citizens Interest Rates (p.a.) |
| 5 – 10 years | 6.50% | 7.50% |
| Tenure | Regular Customers Interest Rates (p.a.) | Senior Citizens Interest Rates (p.a.) |
| 7 days to 45 days | 5.00% | 5.50% |
| 46 days to 179 days | 5.75% | 6.25% |
| 180 days to 210 days | 6.50% | 7.00% |
| 211 days to less than 1 year | 6.75% | 7.25% |
| 1 year to less than 2 years | 6.80% | 7.30% |
| 2 years to less than 3 years | 6.75% | 7.25% |
| 3 years to less than 5 years | 6.25% | 6.75% |
| 5 years and up to 10 years | 6.00% | 6.50% |
| Tenure | Regular Customers Interest Rates (p.a.) | Senior Citizens Interest Rates (p.a.) |
| 1 year | 7.10% | 7.60% |
| 2 years | 7.40% | 7.90% |
| Tenure | Regular Customers Interest Rates (p.a.) | Senior Citizens Interest Rates (p.a.) |
| 1 year | 7.05% | 7.55% |
| 2 years | 6.90% | 7.40% |
SBI NRE FD Interest Rates as of 10 July 2024
| Tenure | Regular Customers Interest Rates (p.a.) | Senior Citizens Interest Rates (p.a.) |
| 1 year to less than 2 years | 6.80% | 6.75% |
| 400 Days (Amrit Kalash) | 7.10% | – |
| 2 years to less than 3 years | 7.00% | 6.50% |
| 3 years to less than 5 years | 6.50% | 6.00% |
| 5 years to 10 years | 6.50% | 6.00% |
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| Tenure | Interest Rates (p.a.) | |
| Deposits below Rs. 2 crore | Deposits of Rs. 2 crore & above | |
| 7 days to 45 days | 3.00% | 4.75% |
| 46 days to 179 days | 4.50% | 5.50% |
| 180 days to 210 days | 5.25% | 6.00% |
| 211 days to less than 1 year | 5.75% | 6.25% |
| 1 year to less than 2 years | 6.80% | 6.75% |
| 400 Days (Amrit Kalash) | 7.10% | – |
| 2 years to less than 3 years | 7.00% | 6.50% |
| 3 years to less than 5 years | 6.50% | 6.00% |
| 5 years and up to 10 years | 6.50% | 6.00% |
| Period | Interest Rates (% p.a.) | |||||
| USD | GBP | Euro | CAD | AUD | JPY | |
| 1 year | 5.60 | 5.25 | 4.00 | 4.50 | 4.50 | 0.05 |
| Above 1 year to less than 2 years | 5.60 | 5.25 | 4.00 | 4.50 | 4.50 | 0.05 |
| 2 years to less than 3 years | 4.30 | 5.00 | 1.50 | 4.10 | 4.40 | 0.05 |
| 3 years to less than 4 years | 4.00 | 4.00 | 1.50 | 3.85 | 4.30 | 0.05 |
| 4 years to less than 5 years | 4.00 | 4.00 | 1.50 | 3.90 | 4.20 | 0.05 |
| 5 years | 4.05 | 3.90 | 1.50 | 3.95 | 4.10 | 0.05 |
| Currency | USD | |||
| Period | Deposit Amount | Interest Rate (% p.a.) | ||
| 1 year | USD 100,000 to less than USD 250,000 | 5.70 | ||
| Above 1 year to less 15 Months | 5.70 | |||
| 15 Months | 5.70 | |||
| Above 15 Months to less than 2 Years | 5.70 | |||
| Period | Interest Rates (p.a.) | ||
| USD | GBP | Euro | |
| 1 year to less than 2 years | 5.60 | 5.25 | 4.00 |
| 2 years to less than 3 years | 4.30 | 5.00 | 1.50 |
| 3 years | 4.00 | 4.00 | 1.50 |
The Fixed Deposit scheme of SBI bank is an investment option that gives you the flexibility to invest a part of your savings and earn guaranteed attractive SBI FD interest rates 2024 for achieving your financial goals.
The bank offers a wide range of FD schemes at attractive FD interest rates to choose from, with tenures ranging from 7 days to 10 years. The bank also offers Tax-Saver FDs that have a tenure of 5 to 10 years, along with various tax benefits.
You can open an SBI fixed deposit account online by logging in to your SBI internet banking account.
1. SBI Amrit Kalash Deposit:
SBI FD interest rates 2024 in Fixed Deposit schemes are competitive with minimal risk involvement in comparison to other guaranteed investment schemes. The benefits and features of the SBI fixed deposit scheme are given below:
Customers who are already associated with the State Bank of India (SBI) have the option to initiate the opening of an SBI FD Interest Rates 2024 scheme through the YONO SBI mobile app or internet banking. Alternatively, they can choose to personally visit their nearest SBI bank branch, where they need to complete the SBI FD form and make a minimum deposit of ₹1,000. The SBI FD form is accessible both online and at SBI branch offices for the convenience of individuals.
People also read: FD Calculator
Below are the groups and individuals who are eligible to open a Regular SBI Fixed Deposit Account and avail SBI FD interest rates 2024 benefits-
The highest fixed deposit interest rate is 7.10% for regular accounts and 7.60% for Senior Citizens, only for Fixed Deposits with a tenure of 400 days under the Amrit Kalash FD Scheme.
The tenure for an SBI Fixed Deposit Account ranges from 7 days to 10 years.
The minimum amount you can keep in an SBI Fixed Deposit Account is Rs. 1,000.
Yes, a premature withdrawal facility is available with SBI FDs. However, there is a penalty charged for premature withdrawal in the following ways:
Yes, a loan facility is available against the FD account at SBI. This means that you can borrow up to 90% of the money against your FD without having to break it.
The following are eligible to open an SBI Fixed Deposit Account:
A customer can easily open a term deposit account online using their Net Banking Username and Password.
New customers need to open a Savings Account with SBI before they can open a Fixed Deposit account.
since the tenure of a Fixed Deposit account is ‘fixed’, it is not possible to deposit an additional amount into your already existing Fixed Deposit.
An SBI Fixed Deposit can be closed online only if it is an E-term deposit or special term deposit.
There are special FD interest rates offered by SBI for senior citizens, and these vary as per the tenure of the Deposit.
While an FD is in place, it is not possible to deposit an additional amount into it.
it is not possible to change the tenure of a Fixed Deposit since the amount and tenure are fixed.
All transactions in any bank account that exceed Rs. 50,000 require the account to be linked to your PAN. Since linking PAN card to accounts is mandatory, it is not common to find an account that isn't linked to PAN these days.
* Tax adjustment considering income tax slab of 30%
** Life cover for a plan with an annualized premium of Rs 1L
+ 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
†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. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
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