SBI offers various FD plans to cater to the needs of different people. You can make a deposit for 7 days to up to 10 years with SBI FD interest rates ranging between 3.05% and 6.85% for individuals, 3.55% and 7.35% for senior citizens. Keeping yourself updated with the latest SBI FD rates will help you easily assess your investment options. Read on to learn more about fixed deposits and the prevailing 2025 SBI FD interest rates.
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.
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.
The SBI FD interest rates in India are the same across all branches. However, you must note that there is a difference between the SBI Bank FD interest rates for the general public and senior citizens. Also, you may find a slight difference in interest rates for different FD types.
| Investment Tenure | 7 days to 10 years |
| Minimum Deposit | ₹1,000 |
| Maximum Deposit | No Limit |
| Age Limit | Minimum age: 18 years, no capping on maximum age |
| TDS Deduction | Yes, per Income Tax rules |
| Loan Against Deposit | Available |
| Different Term Deposit Plans |
|
| Interest Paid | Monthly, Half-yearly, Yearly; or Cumulative (at the end of the term) |
| Premature FD Closure/Withdrawal | Available (with some penalty) |
| Auto Sweep Facility | Available |
Let us now see how much interest you can earn through investment in SBI fixed deposits for different tenures.
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.
The table below shows the current SBI FD rates (after the revisions that have been effective from June 15, 2025) for different time periods if the deposited amount is below ₹3 crore.
|
Revised FD Rates w.e.f. 15/06/2025 (for Below ₹3 crore) |
||
| Tenure | General Public | Senior Citizen |
| 7 days to 45 days | 3.05 | 3.55 |
| 46 days to 179 days | 5.05 | 5.55 |
| 180 days to 210 days | 5.80 | 6.30 |
| 211 days to less than 1 year | 6.05 | 6.55 |
| 1 Year to less than 2 years | 6.25 | 6.75 |
| 2 years to less than 3 years | 6.45 | 6.95 |
| 3 years to less than 5 years | 6.30 | 6.80 |
| 5 years and up to 10 years | 6.05 | 7.05 |
Now, let us look at the updated interest rates for the SBI FD if the deposited amount is ₹3 crore or above. These rates have been in effect from June 15, 2025.
|
Revised FD Rates w.e.f. 15/06/2025 (for ₹3 crore and above) |
||
| 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 |
Another popular form of FD is a non-callable deposit (NCD), where premature withdrawal is not allowed (except in bankruptcy or orders by business winding up, death cases, etc.). These FDs often offer a higher interest rate than the normal bank FDs. The minimum investment amount for SBI non-callable term deposit is Rs. 1 crore and the maximum amount that can be invested for a retail FD is Rs. 3 crores.
|
Non-Callable Term Deposit Retail (from ₹1.01 crore to less than ₹3 crore) |
||
| Tenure | General Public | Senior Citizen |
| 1 Year | 6.55% | 7.05% |
| 2 Years | 6.85% | 7.35% |
If you are still confused about how to calculate the interest for your SBI fixed deposit, use our online FD calculator for an easy and quick estimate.
SBI offers various fixed deposit options to cater to the needs of different people. Let us now have a brief look at the different types of SBI FDs:
This SBI FD is linked to savings or current accounts, making the funds liquid. This implies you are allowed to withdraw money at any time. The balance amount in SBI MODs will enable you to earn interest and multiply your savings. This account requires you to maintain an average monthly balance.
It is a term deposit designed specifically for super senior citizens (those of 80 years or above). The aim is to provide additional benefits to the super senior citizens through higher interest rates.
You can also save tax with your SBI FD. This can be done with the SBI Tax Saving Fixed Deposit Scheme, which provides tax benefits under Section 80C of the Income Tax Act. This fixed deposit comes with a lock-in period of 5 years. It is to be noted that you cannot get loans against these deposits during the lock-in period. To gain tax benefits on SBI FD, the total deposited amount should not exceed ₹1,50,000 in a financial year.
This SBI FD is a cumulative fixed deposit plan wherein the earned interest is not paid periodically during the tenure, instead it is accumulated and paid at the time of maturity. The interest gets added to the principal amount each year and is paid cumulatively when the FD matures.
SBI has introduced Amrit Vrishti, a special FD scheme for 444 days, offering higher interest rates. It is an ideal option for people who wish to invest for the short term but receive relatively higher fixed returns. The interest rate for this SBI FD is 6.66% per annum to the general public, w.e.f. 15 June 2025, while additional interest rates are offered to senior and super senior citizens.
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.
If, for some reason, you wish to close your SBI FD before its maturity or withdraw some amount, you have the option to do so. Premature withdrawal or closure of SBI FD is allowed, but the account holders are charged a nominal fee for it. FDs of up to ₹5 lakhs result in a penalty of 0.5% on premature closure, and those of above ₹5 lakhs result in a penalty of 1%.
You can use the FD premature withdrawal calculator to determine the amount you will receive if you close your SBI FD before maturity.
The auto sweep in an SBI FD allows you to automatically transfer the excess amount above the pre-specified threshold in your sayings accounts to the FD account. It is also a great way to earn a higher interest rate than the standard FD since you also earn interest on the surplus amount.
If your SBI FD interest rate exceeds ₹40,000 (₹50,000 for senior citizens) annually, the bank will deduct TDS. The TDS is deducted at a rate of 10%. In such a situation, you will also be required to furnish your PAN card, failing which the TDS on SBI FD interests is charged at 20%. It is to be noted that you can avoid/recover the deducted TDS amount by submitting Form 15G (if under 60 years) or Form 15 H (if above 60 years) to the bank.
You can get a loan against your SBI FD with zero processing charge. It is provided as an overdraft facility, allowing you to get a personal loan without premature closure of the FD. The minimum amount for availing of a loan is ₹5,000 while the maximum amount can be 90% of the FD amount. The interest payable to the bank is 1% above the relative time deposit rate.
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:
You can open an SBI FD account via an online process or by visiting the bank branch.
Opening a SBI FD account online is easy, requiring you to register, select the FD type, fill out the SBI FD form, and transfer the amount from your savings account to your new SBI FD account.
If you do not want to or are uncomfortable with the online account opening process, you can visit your nearest SBI branch and collect the FD form. Fill out the application form correctly and submit it with the deposit amount.
You must go through the complete list of documents required to open an SBI FD account to ensure you do not get stuck anywhere in the process. It is also to be noted that KYC verification for SBI FD is a mandatory requirement; hence, you must ensure that all the documents are handy and correct.
Now that you have a fair understanding of how the SBI fixed deposit works and the SBI FD interest rates, you can easily assess and compare your investment options to ensure you gain higher returns while choosing the FD that best suits your needs.
* 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
˜Top 5 plans based on annualized premium, for bookings made in the first 6 months of FY 24-25. 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
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