SBI Senior Citizen FD Rates 2025

What Is SBI Senior Citizen FD?

Senior citizen fixed deposits offer higher interest rates than the general public. The amount of extra rates depend on the slab rates and the scheme chosen by the depositor. With guaranteed returns up to and additional tax relief under, FDs remain a popular investment choice among senior citizens. SBI also has schemes like SBI Patrons for super senior citizens (with an additional 0.10% higher rates than SBI senior citizen FD rates). Retirees and elderly depositors looking for regular, secure interest income find SBI senior citizen FD rates especially attractive. Besides, the SBI FD interest rates are competitive and known as safer options.

Key Highlights:

• Tenure: 7 days to 10 years
• Interest rates: 3.55% to 7.01% p.a.
• Minimum Deposit: ₹1,000
• Maximum Deposit: No limit
• Tax Benefits: Section 80TTB; TDS exemption up to 1 lakh
• Regular Income: Monthly/quarterly income through MODS

Detailed SBI Senior Citizen FD Interest Rate Chart (as of July 2025)

Here’s a breakdown of the SBI senior citizen FD rates based on different deposit tenures:

SBI FD rates for senior citizens w.e.f. July 15, 2025. These FD senior citizen interest rate SBI values apply to deposits below ₹3 crore. Rates are subject to revision. #SBI Amrit Kalash has been discontinued from March 31, 2025. ** SBI Amrit Vrishti rates w.e.f. June 15, 2025. Additional benefits for senior citizens and super senior citizens are applicable.

SBI Special FD Schemes for Senior Citizens

SBI offers several fixed deposit schemes designed for senior citizens and super senior citizens. These schemes are suitable for retirees looking for secure interest income.

1. SBI WeCare 

   The WeCare plan is only for depositors who want to earn higher SBI senior citizen FD rates from long-term investments. It offers an extra 0.50% on top of the regular senior citizen rates for deposits booked for 5 years and above.

2. SBI Amrit Vrishti 

   A one-of-a-kind FD scheme, 444-day fixed deposit plan that gives seniors up to 7.10% interest, which is more than most regular rate slabs. This plan is perfect for people who want to get higher returns from short to medium-term investments. The State Bank of India revised rates for the Amrit Virshti scheme, from 6.85% to 6.60% p.a. for general citizens, which is 0.50% lower than SBI senior citizen FD rates.

3. SBI Patrons 

   SBI Patrons is a special fixed deposit scheme designed for super senior citizens (people aged 80 years and above). With this scheme, super senior citizen depositors get an additional 10 bps, which is 0.60% extra than regular citizens. For example, if general citizens get a 7.00% interest rate for a certain tenure, senior citizens will get 7.50% and SBI Patrons offer 7.60% to super senior citizens.

Benefits of Choosing SBI Senior Citizen FDs

From higher rates to additional tax benefits, senior citizens get a range of benefits from fixed deposits. Below listed are some of the most popular benefits of senior citizens FDS.

• Higher Returns: With higher interest rates (approximately 0.50% more), you can get better returns from your secure investments.
• Guaranteed Safety: Senior citizens trust SBI, India's biggest public sector bank, for making bigger deposits. SBI is also rated FAAA by CRISIL, which makes it even more trustworthy.
• Flexible Payout Terms: You can choose monthly, quarterly and cumulative interest payout options as per your income needs.
• Loan Facility: Senior citizens can also get loans against FD without putting their deposits at risk.
• Credit Card Against FD: As a senior citizen if you need funds urgently, options like SBI credit card against FD, depositors have the option to get a secured credit without worrying about their credit score.
• Tax Saving: If you have other incomes and want to save taxes you can get tax-saving fixed deposits under Section 80C, but you have to keep them for 5 years.

How to Open an SBI Senior Citizen FD Account

1. Online Method:

   Step 1: Access SBI Internet Banking or the YONO app.

   Step 2: Go to the section for Fixed Deposits

   Step 3: Select your intended scheme and term length.

   Step 4: Submit the deposit amount with all necessary nominee data before final confirmation.

2. Offline Method:

   Step 1: Visit a nearby SBI branch 

   Step 2: File your application for the FD using the official form at the SBI branch facilities.

   Step 3: Provide KYC documents (PAN, Aadhaar, proof of age)

   Step 4: Customers can make their deposit payment through either cash or cheque transactions.

Eligibility Criteria for SBI FD Senior Citizen

• Age: 60 years or older.
• Resident Status: Only resident Indians are eligible
• KYC Documents: Valid PAN, Aadhaar, and age proof required.

Conclusion

The SBI senior citizen FD rates are higher compared to regular FD rates. Whether you need a regular interest income or want to put your money in a safe financial instrument, SBI FD for senior citizens is the right choice. They ensure the highest safety and flexibility. If you are still exploring more options that guarantee returns and safety, you could consider guaranteed return plans that come with the additional security of insurance. Besides, you might also like to take a look at retirement planning options so that you can make a thoroughly informed decision.