State Bank of India (SBI), India’s largest bank, offers fixed deposit (FD) schemes with competitive interest rates and guaranteed returns. SBI has a with a customer base of about 42 crores. SBI offers an FD rates of around 3.00% to 6.50% to general citizens and 4.00% to 7.50% for senior citizens. With a FAAA/Stable rating by CRISIL and DICGC insurance up to ₹5 lakh, SBI FDs are a safe choice for investors. This article on SBI latest FD rates provides key features, and answers common questions to guide your investment decisions.
SBI FD Interest Rates 2025
SBI Fixed Deposit Interest Rates for Retail Domestic Term Deposits (Below Rs. 3 Crore) as of April 15, 2025, based on the information from SBI website. Rates for both general citizens and senior citizens (including super senior citizens where applicable).
| Tenure | General Public (% p.a.) | Senior Citizens (% p.a.) | Super Senior Citizens (% p.a.) |
|---|---|---|---|
| 7 days to 45 days | 3.50 | 4.00 | 4.00 |
| 46 days to 179 days | 5.50 | 6.00 | 6.00 |
| 180 days to 210 days | 6.25 | 6.75 | 6.75 |
| 211 days to < 1 year | 6.50 | 7.00 | 7.00 |
| 1 year to < 2 years | 6.80 | 7.30 | 7.30 |
| 2 years to < 3 years | 7.00 | 7.50 | 7.50 |
| 3 years to < 5 years | 6.75 | 7.25 | 7.25 |
| 5 years to 10 years | 6.50 | 7.50* | 7.50* |
| 444 days (Amrit Vrishti) | 7.05 | 7.55 | 7.65 |
Note: Rates are subject to change. Check SBI’s website for updates.
Key Features of SBI FDs
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Minimum Deposit: ₹1,000; no upper limit (except ₹1.5 lakh max for tax-saving FDs).
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Tenure Range: 7 days to 10 years.
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Senior Citizen Benefits: Additional 0.50% p.a.; super senior citizens get 0.10% extra on select schemes.
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Payout Options: Monthly, quarterly, or at maturity; quarterly compounding for cumulative FDs.
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Loan Facility: Up to 90% of FD value as a loan/overdraft at 1% above the FD rate.
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Premature Withdrawal: Allowed with penalties (0.50% for deposits ≤₹5 lakh; 1% for >₹5 lakh).
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Tax-Saving FD: 5-year FD qualifies for up to ₹1.5 lakh deduction under Section 80C.
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DICGC Insurance: Covers deposits up to ₹5 lakh per depositor.
How to Open an SBI FD
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Online: Log in to SBI Net Banking or YONO app, select “Fixed Deposit,” enter details, and submit.
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Offline: Visit an SBI branch, fill out the FD form, and deposit funds via cash/cheque.
FAQs
Q: What is the highest FD rate offered by SBI in 2025?
A: The highest rate is 7.25% p.a. for general citizens and 7.85% p.a. for super senior citizens on the 444-day Amrit Vrishti scheme.
Q: What is the minimum deposit for an SBI FD?
A: The minimum deposit is ₹1,000. For tax-saving FDs, the maximum is ₹1.5 lakh.
Q: Is SBI FD safe?
A: Yes, SBI FDs are safe with a FAAA/Stable CRISIL rating and DICGC insurance up to ₹5 lakh per depositor.
Q: Can I withdraw my FD before maturity?
A: Yes, with a penalty of 0.50% (deposits ≤₹5 lakh) or 1% (>₹5 lakh). No interest is paid if withdrawn before 7 days.
Q: Are FD interest earnings taxable?
A: Yes, interest is taxed as “Income from Other Sources” per your tax slab. TDS applies if interest exceeds ₹40,000 (₹50,000 for seniors). Submit Form 15G/H to avoid TDS if eligible.
Q: Can NRIs open an SBI FD?
A: Yes, NRIs can open NRE/NRO FDs. Rates and terms vary; check SBI’s NRI services page.
SBI Fixed Deposit Interest Rates 2025 : Secure Your Savings
For more information visit : https://sbi.co.in/web/interest-rates/deposit-rates/retail-domestic-term-deposits
Also visit : https://postofficefd.com/unity-small-finance-bank-fixed-deposit-rates-2025/