SBI Fixed Deposit (FD) Rates
State Bank of India has revised interest rates on retail domestic term deposits below Rs 3 crore, effective from June 15, 2024. Special schemes like "Amrit Vrishti" and "Amrit Kalash" offer higher returns for limited periods. Senior citizens continue to receive additional benefits on their deposits.
State Bank of India (SBI) has made a change in interest rates on Retail Domestic Term Deposits up to Rs. 3 crore from June 15, 2025. The new rates are applicable for general customers as well as senior citizens on different tenors, allowing the depositors to earn maximum returns.
With inflation and market volatility affecting financial planning, fixed deposits are a favored option for risk-conscious investors in search of secure returns. SBI's updated rates look to boost the appeal of fixed deposits, particularly for senior citizens, who can avail themselves of extra interest rates. The revisions also demonstrate the bank's policy of keeping up with competitive deposit rates while adapting to changing economic conditions.
SBI Interest Rates for FDs
| General Public | General Public | Senior Citizen | Senior Citizen | |
|---|---|---|---|---|
| Tenors | Existing Rates for Public w.e.f. 16/05/2025 | Revised Rates for Public w.e.f. 15/06/2025 | Existing Rates for Senior Citizen w.e.f. 16/05/2025 | Revised Rates for Senior Citizen w.e.f. 15/06/2025 |
| 7 days to 45 days | 3.30 | 3.05 | 3.80 | 3.55 |
| 46 days to 179 days | 5.30 | 5.05 | 5.80 | 5.55 |
| 180 days to 210 days | 6.05 | 5.80 | 6.55 | 6.30 |
| 211 days to less than 1 year | 6.30 | 6.05 | 6.80 | 6.55 |
| 1 Year to less than 2 years | 6.50 | 6.25 | 7.00 | 6.75 |
| 2 years to less than 3 years | 6.70 | 6.45 | 7.20 | 6.95 |
| 3 years to less than 5 years | 6.55 | 6.30 | 7.05 | 6.80 |
| 5 years and up to 10 years | 6.30 | 6.05 | 7.30* | 7.05* |
The most recent revision of interest rates impacts various tenors of deposits. Deposits held by the general public for 180 to 210 days will, from now on, receive 5.80% interest, which is a decrease from 6.05%, whereas deposits held for 211 days up to less than one year will be decreased from 6.30% to 6.05%. Senior citizens will get lower returns, with the rate going down from 6.55% to 6.30% for 180 to 210 days and from 6.80% to 6.55% for 211 days to less than one year. Other tenure rates are unchanged.
For longer tenures, deposits of one year to less than two years provide 6.25% for the general public and 6.75% for senior citizens. Equally, deposits between two and less than three years are set to provide returns at 6.45% and 6.95%, respectively. Three years to less than five years' deposits will give 6.30% to the general public and 6.80% to senior citizens, and five years to ten years deposits changes at 6.05% for the general public and 7.05% for senior citizens, plus the SBI We-care deposit scheme's premium of 50 bps.
Non-Callable Term Deposits
| NON-CALLABLE TERM DEPOSIT RETAIL (From Rs.1.01 cr to less than Rs.3.00 cr) | General Public | Senior Citizen | |
|---|---|---|---|
| Tenors | |||
| 1 Year | 0.30% above Card Rate | 6.55% | 7.05% |
| 2 Years | 0.40% above Card Rate | 6.85% | 7.35% |
For deposits between Rs. 1.01 crore and below Rs. 3 crore under the Non-Callable Term Deposit scheme, the new rates offer competitive interest. The one-year deposit under this scheme will yield 6.55% for the general public and 7.05% for senior citizens. The two-year deposit rate has been changed to 6.85% for general customers and 7.35% for senior citizens.
Special Deposit Schemes
SBI has also launched special tenor schemes with competitive interest rates. The 444-day "Amrit Vrishti" scheme provides an interest rate of 6.10% for all customers and 6.60% for senior citizens.
SBI Green Rupee Term Deposit
For customers interested in an eco-friendly investment solution, the SBI Green Rupee Term Deposit can be availed for tenures of 1111, 1777, and 2222 days. The rate of interest on such deposits is 10 basis points below the card rate, providing a sustainable investment option.
Maximizing Returns on Fixed Deposits
SBI’s revised interest rates offer attractive opportunities for depositors to earn better returns on their savings. Senior citizens benefit from higher interest rates across all schemes, ensuring financial security and growth. The introduction of special tenor schemes provides additional choices for customers looking for short-term and long-term deposit options.
For individuals seeking stable and high-return investment options, SBI’s revised fixed deposit rates present a lucrative opportunity. Customers are encouraged to evaluate their investment goals and choose the best deposit scheme that aligns with their financial plans.
For more details and to invest in these schemes, customers can visit their nearest SBI branch or check the official SBI website.