SBI FD Rates

Tenure Interest Rates for Regular Deposit Interest Rates for Senior Citizen
7 days to 45 days 5.75% 6.25%
46 days to 179 days 6.25% 6.75%
180 days to 210 days 6.35% 6.85%
211 days to 364 days 6.40% 6.90%
1 year 6.40% 6.90%
1 year 1 day to 1 year 364 days 6.40% 6.90%
2 years to 2 years 364 days 6.60% 7.10%
3 years to 4 years 364 days 6.70% 7.20%
5 years to 10 years 6.75% 7.25%

State Bank of India Fixed Deposit Calculator

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Investment Amount Minimum - Rs.1000 Maximum- No Maximum Limit
Tenure Minimum - 7 daysMaximum- 10 Years
Invest Unlimited There is no limit of an amount that can be invested in SBI Fixed Deposit account
Apply for Loan Against SBI FD Account Now avail loan and overdraft facility on your SBI FDs up to 90% of deposit amount

SBI FD Interest Rates

State Bank of India (SBI) is the oldest bank in India founded as the Imperial Bank of India during the British times. The government owns the stakes of the bank which is an Indian multinational financial association.

Fixed Deposit (FD) is the safest of investments that give high returns after a period. The interest provided on the FD is more than the general savings account. The banks also offer loans at competitive rates in exchange of the FD certificates.

The Rate of Interest on FD in SBI Varies with the Maturity Period.

SBI fixed deposit scheme offers short-term deposits with the shortest term being 30 days. SBI FD interest rates range from 5.25%pa to 7.25%pa compounded quarterly.

For 60,90, and 120 days the fixed deposit rate in SBI is 6.5% pa. A 6 month period for SBI fixed deposit gives an interest of 6.75% pa. The SBI fixed deposit interest rate for a nine month period is 7% pa.

SBI also offers medium and long-term fixed deposit tenures. The tenure ranges from more than a year to five years. The fixed deposit rate of interest for this scheme varies between 7% pa to 7.5% pa.

The rate on 1.6 & 2 years SBI FD fetches an added 0.5% pa interest making the total rate of interest 7.5%pa.


State Bank of India (SBI) Fixed Deposit Rates

It is advisable to reconfirm the FD Interest Rates from the bank before making any decision on basis of data provided below.

For Domestic Deposits - Less than Rs. 1 cr (As on Jul 01, 2017)

MATURITY PERIOD DEPOSIT AMOUNT INTEREST RATE (% p.a.)
General Senior Citizen
7 days to 45 days Less than Rs. 1 cr 5.5 6
46 days to 179 days Less than Rs. 1 cr 6.5 7
180 days to 210 days Less than Rs. 1 cr 6.5 7
211 days to less than 1 year Less than Rs. 1 cr 6.5 7
1 year Less than Rs. 1 cr 6.75 7.25
Above 1 year to 455 days Less than Rs. 1 cr 6.5 7
456 days to less than 2 years Less than Rs. 1 cr 6.5 7
2 years to less than 3 years Less than Rs. 1 cr 6.25 6.75
3 years to less than 5 years Less than Rs. 1 cr 6.25 6.75
5 years and upto 10 years Less than Rs. 1 cr 6.25 6.75

 

For Domestic Deposits - Above Rs. 10 cr (As on Nov 24, 2016)

MATURITY PERIOD DEPOSIT AMOUNT INTEREST RATE (% p.a.)
General Senior Citizen
7 days to 45 days Above Rs. 10 cr 3.75 4.25
46 days to 179 days Above Rs. 10 cr 3.85 4.35
180 days to 210 days Above Rs. 10 cr 3.85 4.35
211 days to less than 1 year Above Rs. 10 cr 4 4.5
1 year to 455 days Above Rs. 10 cr 4.25 4.75
456 days to less than 2 years Above Rs. 10 cr 4.25 4.75
2 years to less than 3 years Above Rs. 10 cr 4.25 4.75
3 years to less than 5 years Above Rs. 10 cr 4.25 4.75
5 years and upto 10 years Above Rs. 10 cr 4.25 4.75

 

For Domestic Deposits - Rs. 1 cr to 10 crs (As on Nov 24, 2016)

MATURITY PERIOD DEPOSIT AMOUNT INTEREST RATE (% p.a.)
General Senior Citizen
7 days to 45 days Rs. 1 cr to 10 crs 3.75 4.25
46 days to 179 days Rs. 1 cr to 10 crs 3.85 4.35
180 days to 210 days Rs. 1 cr to 10 crs 3.85 4.35
211 days to less than 1 year Rs. 1 cr to 10 crs 4 4.5
1 year to 455 days Rs. 1 cr to 10 crs 4.25 4.75
456 days to less than 2 years Rs. 1 cr to 10 crs 4.25 4.75
2 years to less than 3 years Rs. 1 cr to 10 crs 4.25 4.75
3 years to less than 5 years Rs. 1 cr to 10 crs 4.25 4.75
5 years and upto 10 years Rs. 1 cr to 10 crs 4.25 4.75

 

For NRO Fixed Deposit - Less than Rs. 1 cr (As on Jul 01, 2017)

MATURITY PERIOD DEPOSIT AMOUNT INTEREST RATE (% p.a.)
7 days to 45 days Less than Rs. 1 cr 5.5
46 days to 179 days Less than Rs. 1 cr 6.5
180 days to 210 days Less than Rs. 1 cr 6.5
211 days to less than 1 year Less than Rs. 1 cr 6.5
1 year Less than Rs. 1 cr 6.75
Above 1 year to 455 days Less than Rs. 1 cr 6.5
456 days to less than 2 years Less than Rs. 1 cr 6.5
2 years to less than 3 years Less than Rs. 1 cr 6.25
3 years to less than 5 years Less than Rs. 1 cr 6.25
5 years and upto 10 years Less than Rs. 1 cr 6.25

 

For NRO Fixed Deposit - Above Rs. 10 cr (As on Nov 24, 2016)

MATURITY PERIOD DEPOSIT AMOUNT INTEREST RATE (% p.a.)
7 days to 45 days Above Rs. 10 cr 3.75
46 days to 179 days Above Rs. 10 cr 3.85
180 days to 210 days Above Rs. 10 cr 3.85
211 days to less than 1 year Above Rs. 10 cr 4
1 year to 455 days Above Rs. 10 cr 4.25
456 days to less than 2 years Above Rs. 10 cr 4.25
2 years to less than 3 years Above Rs. 10 cr 4.25
3 years to less than 5 years Above Rs. 10 cr 4.25
5 years and upto 10 years Above Rs. 10 cr 4.25

 

For NRO Fixed Deposit - Rs. 1 cr to 10 crs (As on Nov 24, 2016)

MATURITY PERIOD DEPOSIT AMOUNT INTEREST RATE (% p.a.)
7 days to 45 days Rs. 1 cr to 10 crs 3.75
46 days to 179 days Rs. 1 cr to 10 crs 3.85
180 days to 210 days Rs. 1 cr to 10 crs 3.85
211 days to less than 1 year Rs. 1 cr to 10 crs 4
1 year to 455 days Rs. 1 cr to 10 crs 4.25
456 days to less than 2 years Rs. 1 cr to 10 crs 4.25
2 years to less than 3 years Rs. 1 cr to 10 crs 4.25
3 years to less than 5 years Rs. 1 cr to 10 crs 4.25
5 years and upto 10 years Rs. 1 cr to 10 crs 4.25

 

For NRE Fixed Deposit - Less than Rs. 1 cr (As on Jul 01, 2017)

MATURITY PERIOD DEPOSIT AMOUNT INTEREST RATE (% p.a.)
1 year Less than Rs. 1 cr 6.75
1 year to 455 days Less than Rs. 1 cr 6.5
456 days to less than 2 years Less than Rs. 1 cr 6.5
2 years to less than 3 years Less than Rs. 1 cr 6.25
3 years to less than 5 years Less than Rs. 1 cr 6.25
5 years and upto 10 years Less than Rs. 1 cr 6.25

 

For NRE Fixed Deposit - Above Rs. 1 cr (As on Jul 01, 2017)

MATURITY PERIOD DEPOSIT AMOUNT INTEREST RATE (% p.a.)
1 year to 455 days Above Rs. 1 cr 4.25
1 year Above Rs. 1 cr 4.25
456 days to less than 2 years Above Rs. 1 cr 4.25
2 years to less than 3 years Above Rs. 1 cr 4.25
3 years to less than 5 years Above Rs. 1 cr 4.25
5 years and upto 10 years Above Rs. 1 cr 4.25

Latest SBI News

SBI Cuts Down FD rates

The State Bank of India offers a broad range of fixed deposits that fetch a good interest rate and plenty of other benefits such as nomination facility, flexible tenure duration, auto renewability options, different interest options, overdraft/ loan facility, etc.

Currently, the highest interest rate offered by SBI fixed deposits for individuals is 6.25 percent per annum, and the highest interest rate for senior citizens is 6.75 percent per annum.

The latest annual rate of Interest for individuals w.e.f November 1, 2017, is 5.25% for 7 days - 45 days, 6.25% for 46 days - 210 days, 6.25% for 211 days - less than 1 year, 6.25% for above 1 year - less than 2 years, 6.00% for 2 years - less than 5 years, 6.00% for 5 years - up to 10 years.

The latest annual rate of Interest for and senior citizens w.e.f November 1, 2017, is 5.75% for 7 days - 45 days, 6.75%for 46 days - 210 days, 6.75% for 211 days - less than 1 year, 6.75% for above 1 year - less than 2 years, 6.50% for 2 years - less than 5 years, and 6.50% for 5 years - up to 10 years.

SBI Hikes Up Rate of Interest On 1 Crore To 10 Crore Deposits

The excess liquidity that had flooded the banking sector due to demonetization, is drying out. As per Nomura Global Research, deposit growth normalized to 9.8 percent in the month of October. Bank credit has moved up as well. Now State Bank of India has hiked its rate of interest on bulk deposits. It has, also, reversed its rate cut immediately after demonetization.

In the previous month, SBI had cut down the interest rate on deposits below 1 crore Rupees by 25 basis points. It has decreased the space between bulk deposits and high yielding retail deposits to 175bps, earlier it was 200bps. With this increase, space has narrowed down further to 100bps.

As per a Times of India report, the revised rates are a reflection of stiffening liquidity due to the move reducing the distance between wholesale rates and retail rates. As per C. Venkat Nageswar, DMD (Deputy Managing Director) global markets, SBI- "The decision was solely pushed by investment opportunities."

While the spike in rates looks tempting, cautiously shop around before investing your money. According to the media reports, these bulk deposit rates, even after the spike, are lesser than what is offered by other banks for bulk deposits.

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