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SBI Special Term Deposit
SBI Special Term Deposit (STD) is an investment option that works like a cumulative FD, where interest keeps getting added to your principal until maturity. This SBI special fixed deposit scheme is a safe way to grow your savings with assured returns and is ideal for investors who want a higher lump-sum payout at the end of the deposit term.
Guaranteed Return
Includes Life Cover
Completely Tax Free+
3 Benefits, 1 Plan
Maximum returns offered by:
6.9%* (Tax-Free)
Guaranteed Plan
(By Insurance companies)4.6%* (After Tax)
Fixed Deposit
(Offered by Banks)4.0%*
Savings Account
(Post Office)Get Guaranteed returns upto 6.9%*
Fully Tax-Free, Life Cover Included
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FD Interest Rates
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SBI FD Interest Rates
- SBI Special Term Deposit
What is SBI Special Term Deposit?
SBI Special Term Deposit is a cumulative fixed deposit scheme. Unlike regular FDs that offer monthly or quarterly payouts, this SBI special fixed deposit scheme pays the entire interest at maturity. The interest is compounded quarterly based on applicable SBI FD interest rates and added back to the principal, helping you earn more over time.
Information About
Guaranteed Return Plans
Returns Before Tax
6.9%* (TAX-FREE)
Returns After Tax
6.9%*
Guaranteed Returns
Yes
Life Cover
Yes
Tax on Profit
Tax Free*
Risk
No Risk
Fixed Deposits
Returns Before Tax
7% (TAXABLE)
Returns After Tax
4.8%
Guaranteed Returns
Yes
Life Cover
No
Tax on Profit
Taxable
Risk
Low Risk
Debt Mutual Fund
Returns Before Tax
8% (TAXABLE)
Returns After Tax
5.5%
Guaranteed Returns
No
Life Cover
No
Tax on Profit
Taxable
Risk
High Risk
*For annual premium upto ₹5 Lacs
SBI Special Term Deposit Interest Rates
SBI Special Term Deposit interest rates are the same as SBI’s regular Term Deposit Account for the chosen tenure. Rates vary depending on the period you select.
Revised rates below ₹3 crore
| 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 |
| 444 days (Amrit Vrishti) | 6.60 | 7.10 |
*SBI FD interest rates w.e.f July 15, 2025.
Revised rates above ₹3 crore
| 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 | 5.10 | 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 2025 w.e.f July 15.
Features of SBI Special Term Deposit
Below are the features of SBI Special Term Deposit:
- Deposit Tenure: Minimum and maximum deposit period: 7 days to 120 months (10 years).
- Minimum deposit amount: ₹1,000, and then in multiples of ₹100.
- Interest payout: Interest is compounded quarterly and paid on maturity.
- Loan Facility: Loan facility is available against this deposit. Loan eligibility depends on the residual tenor.
- Account Opening Process: Account can be opened in the same way as a standard Term Deposit Account.
- Tax Deducted at Source (TDS): TDS is applicable as per Indian Income Tax Rules. However, you can submit Form 15G or 15H to claim exemption from TDS if you meet the eligibility criteria.
- Nomination: Nomination is available in favor of individuals only.
Eligibility for SBI Special Fixed Deposit Scheme
Anyone eligible to open an SBI Term Deposit can open an STD account. This includes individuals, joint account holders, and other permissible categories under bank rules.
Benefits of SBI Special Term Deposit
Below are the benefits of SBI Special Term Deposit:
- Higher Returns: Due to compounding, STDs generally offer higher returns compared to regular term deposits with the same interest rate.
- Tax Benefits: Interest earned on STDs is taxable, but you can claim deductions under certain circumstances.
- Flexibility: You can choose a deposit term that suits your financial goals.
- Safety: Safe and low-risk investment backed by SBI.
Conclusion
SBI Special Term Deposit is a good choice for investors who prefer simple, secure, and cumulative growth on their savings. With quarterly compounding, flexible tenure options, and loan availability, it fits short-term as well as long-term financial needs.
FAQs
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1. What is the minimum and maximum period for SBI Special Term Deposit?
Minimum period is 7 days and maximum is 120 months (10 years). -
2. What is the minimum deposit amount required for SBI special Fixed Deposit Scheme?
You can start an STD with ₹1,000, and then add in multiples of ₹100. -
3. How is the interest paid in SBI special Fixed Deposit Scheme?
Interest is compounded quarterly and paid only at maturity along with the principal. -
4. Is a loan available against the SBI Special Term Deposit?
Yes, SBI allows loans against SBI Special Term Deposit. The loan amount depends on the residual tenor of the deposit. -
5. Is the SBI Special Term Deposit account different from a regular Term Deposit?
SBI Special Term Deposit is opened in the same way as a Term Deposit. The main difference is that Special Term Deposit offers cumulative maturity payout, whereas Term Deposit may offer periodic interest payouts.
*All savings are provided by the insurer as per the IRDAI approved
insurance plan. Standard T&C Apply
+ 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
˜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
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