{"id":9856,"date":"2025-09-22T06:51:59","date_gmt":"2025-09-22T06:51:59","guid":{"rendered":"https:\/\/goldenpi.com\/blog\/?p=9856"},"modified":"2026-04-14T11:30:53","modified_gmt":"2026-04-14T11:30:53","slug":"how-much-sbi-fd-rates-changed","status":"publish","type":"post","link":"https:\/\/goldenpi.com\/blog\/sbi-fd-rates\/how-much-sbi-fd-rates-changed\/","title":{"rendered":"How Much Has the SBI FD Interest Rate Changed From 2022 to 2025?"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">How Much Has the SBI FD Interest Rate Changed From 2022 to 2025?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The State Bank of India (SBI) is India\u2019s largest public sector bank. It offers several fixed deposit schemes where rates vary and depend on the deposit period. Over the last three years, SBI has made several changes as and the SBI FD rates changed.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In May 2022, the Reserve Bank of India (RBI) increased its repo rate. This was the first hike after nearly two years. Now, when the repo rate goes up, banks have to pay more to borrow from the RBI. To balance this, banks usually increase both lending rates and deposit rates.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So, in May 2022, most Indian banks, including SBI, revised their fixed deposit rates upward. After that, between 2022 and 2025, SBI adjusted these rates multiple times depending on further RBI rate changes and market conditions, where SBI FD rates changed multiple times.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you want to understand how SBI FD rates have moved during this period (2022-2025), read this comprehensive analysis by <\/span><a href=\"https:\/\/goldenpi.com\/\"><span style=\"font-weight: 400;\">GoldenPi<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/goldenpi.com\/blog\/sbi-fd-rates\/how-much-sbi-fd-rates-changed\/#Investment_Strategies_in_the_Bond_Market\" >Investment Strategies in the Bond Market<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/goldenpi.com\/blog\/sbi-fd-rates\/how-much-sbi-fd-rates-changed\/#How_Did_SBI_Respond_to_Rate_Hikes_in_May_2022\" >How Did SBI Respond to Rate Hikes in May 2022?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/goldenpi.com\/blog\/sbi-fd-rates\/how-much-sbi-fd-rates-changed\/#Some_Main_Observations\" >Some Main Observations<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/goldenpi.com\/blog\/sbi-fd-rates\/how-much-sbi-fd-rates-changed\/#What_are_tax-free_bonds\" >What are tax-free bonds?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/goldenpi.com\/blog\/sbi-fd-rates\/how-much-sbi-fd-rates-changed\/#RBI_Cuts_Repo_Rate_After_Nearly_Three_Years_in_2025\" >RBI Cuts Repo Rate After Nearly Three Years in 2025!<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/goldenpi.com\/blog\/sbi-fd-rates\/how-much-sbi-fd-rates-changed\/#What_Are_Infrastructure_Bonds\" >What Are Infrastructure Bonds<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/goldenpi.com\/blog\/sbi-fd-rates\/how-much-sbi-fd-rates-changed\/#Why_Has_the_RBI_Cut_the_Rate\" >Why Has the RBI Cut the Rate?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/goldenpi.com\/blog\/sbi-fd-rates\/how-much-sbi-fd-rates-changed\/#How_Did_SBI_React_to_Rate_Cuts_in_February_2025\" >How Did SBI React to Rate Cuts in February 2025?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/goldenpi.com\/blog\/sbi-fd-rates\/how-much-sbi-fd-rates-changed\/#Looking_for_Competitive_Interest_Rates_Book_an_FD_Online_Via_the_GoldenPi_Platform\" >Looking for Competitive Interest Rates? Book an FD Online Via the GoldenPi Platform!<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/goldenpi.com\/blog\/sbi-fd-rates\/how-much-sbi-fd-rates-changed\/#SBI_FD_Rates_2025_FAQs\" >SBI FD Rates 2025 FAQs<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/goldenpi.com\/blog\/sbi-fd-rates\/how-much-sbi-fd-rates-changed\/#1_Will_SBI_FD_interest_rates_increase_in_2025\" >1. Will SBI FD interest rates increase in 2025?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/goldenpi.com\/blog\/sbi-fd-rates\/how-much-sbi-fd-rates-changed\/#2_Why_are_Amrit_Vrishti_SBI_FD_rates_falling\" >2. Why are Amrit Vrishti SBI FD rates falling?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/goldenpi.com\/blog\/sbi-fd-rates\/how-much-sbi-fd-rates-changed\/#3_What_are_the_current_SBI_FD_interest_rates_for_2025\" >3. What are the current SBI FD interest rates for 2025?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/goldenpi.com\/blog\/sbi-fd-rates\/how-much-sbi-fd-rates-changed\/#4_Is_it_good_to_invest_in_an_FD_now\" >4. Is it good to invest in an FD now?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/goldenpi.com\/blog\/sbi-fd-rates\/how-much-sbi-fd-rates-changed\/#5_When_will_FD_rates_increase_in_India\" >5. When will FD rates increase in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/goldenpi.com\/blog\/sbi-fd-rates\/how-much-sbi-fd-rates-changed\/#6_When_will_SBI_change_interest_rates_next\" >6. When will SBI change interest rates next?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/goldenpi.com\/blog\/sbi-fd-rates\/how-much-sbi-fd-rates-changed\/#7_Why_have_FD_rates_reduced_recently\" >7. Why have FD rates reduced recently?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"Investment_Strategies_in_the_Bond_Market\"><\/span><a href=\"https:\/\/goldenpi.com\/blog\/essentials\/investment-strategies-in-the-bond-market\/?utm_source=blog&amp;utm_medium=blog&amp;utm_Green_Bonds\"><span style=\"font-weight: 400;\">Investment Strategies in the Bond Market<\/span><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Table of Contents<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/goldenpi.com\/blog\/sbi-fd-rates\/how-much-sbi-fd-rates-changed\/#How_Did_SBI_Respond_to_Rate_Hikes_in_May_2022\"><span style=\"font-weight: 400;\">How Did SBI Respond to Rate Hikes in May 2022?<\/span><\/a>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><a href=\"https:\/\/goldenpi.com\/blog\/sbi-fd-rates\/how-much-sbi-fd-rates-changed\/#Some_Main_Observations\"><span style=\"font-weight: 400;\">Some Main Observations<\/span><\/a><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/goldenpi.com\/blog\/sbi-fd-rates\/how-much-sbi-fd-rates-changed\/#RBI_Cuts_Repo_Rate_After_Nearly_Three_Years_in_2025\"><span style=\"font-weight: 400;\">RBI Cuts Repo Rate After Nearly Three Years in 2025!<\/span><\/a>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><a href=\"https:\/\/goldenpi.com\/blog\/sbi-fd-rates\/how-much-sbi-fd-rates-changed\/#Why_Has_the_RBI_Cut_the_Rate\"><span style=\"font-weight: 400;\">Why Has the RBI Cut the Rate?<\/span><\/a><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/goldenpi.com\/blog\/sbi-fd-rates\/how-much-sbi-fd-rates-changed\/#How_Did_SBI_React_to_Rate_Cuts_in_February_2025\"><span style=\"font-weight: 400;\">How Did SBI React to Rate Cuts in February 2025?<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/goldenpi.com\/blog\/sbi-fd-rates\/how-much-sbi-fd-rates-changed\/#Looking_for_Competitive_Interest_Rates_Book_an_FD_Online_Via_the_GoldenPi_Platform\"><span style=\"font-weight: 400;\">Looking for Competitive Interest Rates? Book an FD Online Via the GoldenPi Platform!<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/goldenpi.com\/blog\/sbi-fd-rates\/how-much-sbi-fd-rates-changed\/#SBI_FD_Rates_2025_FAQs\"><span style=\"font-weight: 400;\">SBI FD Rates 2025 FAQs<\/span><\/a>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><a href=\"https:\/\/goldenpi.com\/blog\/sbi-fd-rates\/how-much-sbi-fd-rates-changed\/#1_Will_SBI_FD_interest_rates_increase_in_2025\"><span style=\"font-weight: 400;\">1. Will SBI FD interest rates increase in 2025?<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><a href=\"https:\/\/goldenpi.com\/blog\/sbi-fd-rates\/how-much-sbi-fd-rates-changed\/#2_Why_are_Amrit_Vrishti_SBI_FD_rates_falling\"><span style=\"font-weight: 400;\">2. Why are Amrit Vrishti SBI FD rates falling?<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><a href=\"https:\/\/goldenpi.com\/blog\/sbi-fd-rates\/how-much-sbi-fd-rates-changed\/#3_What_are_the_current_SBI_FD_interest_rates_for_2025\"><span style=\"font-weight: 400;\">3. What are the current SBI FD interest rates for 2025?<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><a href=\"https:\/\/goldenpi.com\/blog\/sbi-fd-rates\/how-much-sbi-fd-rates-changed\/#4_Is_it_good_to_invest_in_an_FD_now\"><span style=\"font-weight: 400;\">4. Is it good to invest in an FD now?<\/span><\/a><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"How_Did_SBI_Respond_to_Rate_Hikes_in_May_2022\"><\/span><b>How Did SBI Respond to Rate Hikes in May 2022?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">After a nearly 2-year gap, the RBI raised the repo rate in May 2022 to control inflation. Soon after, the SBI revised its fixed deposit rates as SBI FD rates changed. The table below shows how <\/span><a href=\"https:\/\/goldenpi.com\/blog\/sbi-fd-rates\/sbi-interest-rates-on-retail-domestic-term-deposits-below-rs-3-crore\/\"><span style=\"font-weight: 400;\">SBI FD rates<\/span><\/a><span style=\"font-weight: 400;\"> for deposits below \u20b92 crore (for general customers) changed between 15 February 2022 and 14 June 2022 (just before and after the hike):<\/span><\/p>\n<div class=\"pcrstb-wrap\"><table>\n<tbody>\n<tr>\n<td><strong>Duration<\/strong><\/td>\n<td><strong>SBI FD Rates (15\/02\/2022)<\/strong><\/td>\n<td><strong>New SBI FD Rates (14\/06\/2022)<\/strong><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">7 days to 45 days<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.90%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.90%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">46 days to 179 days<\/span><\/td>\n<td><span style=\"font-weight: 400;\">3.90%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">3.90%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">180 days to 210 days<\/span><\/td>\n<td><span style=\"font-weight: 400;\">4.40%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">4.40%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">211 days to less than 1 year<\/span><\/td>\n<td><span style=\"font-weight: 400;\">4.40%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">4.60%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">1 year to less than 2 years<\/span><\/td>\n<td><span style=\"font-weight: 400;\">5.10%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">5.30%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">2 years to less than 3 years<\/span><\/td>\n<td><span style=\"font-weight: 400;\">5.20%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">5.35%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">3 years to less than 5 years<\/span><\/td>\n<td><span style=\"font-weight: 400;\">5.45%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">5.45%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">5 years to 10 years<\/span><\/td>\n<td><span style=\"font-weight: 400;\">5.50%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">5.50%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<h3><span class=\"ez-toc-section\" id=\"Some_Main_Observations\"><\/span><b>Some Main Observations<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">After the RBI repo rate hike in May 2022, SBI raised FD rates for medium tenures (around 1 to 3 years), while keeping short and long tenures unchanged. Let\u2019s check out some key points:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Shorter-term deposits (up to 6 months)\u00a0<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">No change in FD rates for 7 to 179 days and 180 to 210 days buckets.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">This suggests SBI did not immediately pass on repo rate changes to very short-term deposits.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Medium-term deposits (211 days to less than 3 years)<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">There were some increases made here:<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"3\"><span style=\"font-weight: 400;\">211 days to less than 1 year: from 4.40% to 4.60%<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"3\"><span style=\"font-weight: 400;\">1 to less than 2 years: from 5.10% to 5.30%<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"3\"><span style=\"font-weight: 400;\">2 to less than 3 years: from 5.20% to 5.35%<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">SBI raised FD rates the most in this range.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">It was done to likely attract more retail depositors for mid-term funds.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Longer-term deposits (3 to 10 years)<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">No change in rates (remained at 5.45% and 5.50%).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">This shows SBI was cautious about committing higher <a href=\"https:\/\/goldenpi.com\/blog\/bond-news\/what-are-the-interest-rates-offered-by-nbfc-bonds\/\">interest<\/a> payouts for long periods.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">If we analyse the overall trend, the revision was selective. Only medium tenures saw increases.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_tax-free_bonds\"><\/span><a href=\"https:\/\/goldenpi.com\/blog\/essentials\/what-are-tax-free-bonds\/?utm_source=blog&amp;utm_medium=blog&amp;utm_Green_Bonds\"><span style=\"font-weight: 400;\">What are tax-free bonds?<\/span><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h2><span class=\"ez-toc-section\" id=\"RBI_Cuts_Repo_Rate_After_Nearly_Three_Years_in_2025\"><\/span><b>RBI Cuts Repo Rate After Nearly Three Years in 2025!<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Now, if we fast forward to 2025, the RBI reduced its repo rate for the first time since May 2022. The cut was 25 basis points (0.25%), bringing the repo rate down from 6.50% to 6.25%. This decision was taken by the Monetary Policy Committee (MPC), which has six members (three from RBI and three external experts). All six voted in favor of the cut.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Infrastructure_Bonds\"><\/span><a href=\"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/what-are-infrastructure-bonds\/\"><span style=\"font-weight: 400;\">What Are Infrastructure Bonds<\/span><\/a><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Why_Has_the_RBI_Cut_the_Rate\"><\/span><b>Why Has the RBI Cut the Rate?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Inflation is coming closer to the RBI\u2019s 4% target.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">This gave room to lower rates.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The Indian economy is slowing down.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Growth is much weaker compared to the 8.2% growth seen in FY 2023-24.<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"How_Did_SBI_React_to_Rate_Cuts_in_February_2025\"><\/span><b>How Did SBI React to Rate Cuts in February 2025?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The RBI kept the rate unchanged at 6.50% for eleven straight policy meetings starting from May 2022. But in February 2025, the RBI reduced the repo rate to 6.25%. Following this, the SBI adjusted its fixed deposit interest rates.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The table below shows SBI FD rates for deposits below \u20b92 crore (for general customers) before and after the change:<\/span><\/p>\n<div class=\"pcrstb-wrap\"><table>\n<tbody>\n<tr>\n<td><strong>Duration<\/strong><\/td>\n<td><strong>SBI FD Rates (15-05-2024)<\/strong><\/td>\n<td><strong>SBI FD Rates (16-05-2025)<\/strong><\/td>\n<td><strong>Change (basis points)<\/strong><\/td>\n<td><strong>Change (%)<\/strong><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">7 days to 45 days<\/span><\/td>\n<td><span style=\"font-weight: 400;\">3.50%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">3.30%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u22120.20<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u22125.71%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">46 days to 179 days<\/span><\/td>\n<td><span style=\"font-weight: 400;\">5.50%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">5.30%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u22120.20<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u22123.64%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">180 days to 210 days<\/span><\/td>\n<td><span style=\"font-weight: 400;\">6.25%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">6.05%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u22120.20<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u22123.20%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">211 days to less than 1 year<\/span><\/td>\n<td><span style=\"font-weight: 400;\">6.50%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">6.30%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u22120.20<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u22123.08%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">1 year to less than 2 years<\/span><\/td>\n<td><span style=\"font-weight: 400;\">6.80%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">6.50%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u22120.30<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u22124.41%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">2 years to less than 3 years<\/span><\/td>\n<td><span style=\"font-weight: 400;\">7.00%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">6.70%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u22120.30<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u22124.29%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">3 years to less than 5 years<\/span><\/td>\n<td><span style=\"font-weight: 400;\">6.75%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">6.55%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u22120.20<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u22122.96%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">5 years to 10 years<\/span><\/td>\n<td><span style=\"font-weight: 400;\">6.50%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">6.30%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u22120.20<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u22123.08%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p><span style=\"font-weight: 400;\">Some Main Observations<\/span><\/p>\n<p><span style=\"font-weight: 400;\">All tenures fell. Every bucket shows a cut between 20 and 30 basis points (bps). If we talk about the largest absolute cuts (\u221230 bps), they are in the 1 to 2 year and 2 to 3 year buckets. Be aware that these are usually the most-used retail tenures. Additionally,<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Shorter buckets (7 to 179 days) saw considerable percentage drops (\u22125.7% and \u22123.6%).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Long tenures (3 to 10 years) were also reduced by \u221220 bps.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">So, the trend or pattern is that the SBI reduced rates across tenures, with a slightly heavier hit on the 1 to 3 year segment. With SBI FD interest rates continuing to adjust into 2026 alongside RBI&#8217;s repo rate reductions to 5.25%, investors may consider a Bank FD rate comparison for options like those from <a href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/beyond-big-banks-the-small-finance-bank-fd-playbook-for-better-yields\/\">small finance banks<\/a> offering rates around 6.5-7.1% p.a. This fits within safe bank investments amid SBI fixed deposit rates 2026 ranging 3.05-6.60% for general public.<\/span><\/p>\n<p><a href=\"https:\/\/goldenpi.com\/blog\/bond-news\/how-nris-can-invest-in-indian-bonds\/\"><span style=\"font-weight: 400;\">How NRIs Can Invest in Indian Bonds?<\/span><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Looking_for_Competitive_Interest_Rates_Book_an_FD_Online_Via_the_GoldenPi_Platform\"><\/span><b>Looking for Competitive Interest Rates? Book an FD Online Via the GoldenPi Platform!<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Following the RBI\u2019s repo rate hike in May 2022 (the first time in two years), most banks increased their FD rates. SBI too raised its rates selectively, with the sharpest increases seen in the 1 to 3 year tenures. <\/span><i><span style=\"font-weight: 400;\">However, the trend changed.\u00a0<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">After eleven straight Monetary Policy Committee (MPC) meetings, the RBI finally announced a 25 basis point cut in February 2025. This marked the beginning of the rate cut cycle.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As of September 24, 2025, SBI offers its highest FD rate of 6.45% for the 2 to 3 year tenure for general customers and 7.05% for senior citizens for 5 to 10 year deposits (including the additional 50 bps premium under the SBI We-Care scheme).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you are looking to earn competitive returns offered by leading small finance banks or NBFCs, you can book an <\/span><a href=\"https:\/\/goldenpi.com\/fixed-deposits\"><span style=\"font-weight: 400;\">FD online<\/span><\/a><span style=\"font-weight: 400;\"> through GoldenPi. The process is 100% digital and can be completed without making any branch visits.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"SBI_FD_Rates_2025_FAQs\"><\/span><b>SBI FD Rates 2025 FAQs<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"1_Will_SBI_FD_interest_rates_increase_in_2025\"><\/span><b>1. Will SBI FD interest rates increase in 2025?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><i><span style=\"font-weight: 400;\">It may be unlikely!<\/span><\/i><span style=\"font-weight: 400;\"> With the February 2025 repo rate cut (the first since May 2022), the RBI has started a rate-easing cycle. In June 2025, the RBI cut the repo rate even more aggressively as part of easing.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Considering this trend, further reductions in SBI FD rates are more probable (rather than hikes) through the remainder of 2025.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Why_are_Amrit_Vrishti_SBI_FD_rates_falling\"><\/span><b>2. Why are Amrit Vrishti SBI FD rates falling?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The special 444-day Amrit Vrishti scheme was launched in July 2024 at 7.25%. Rates were gradually reduced to 7.05% (in April 2025), 6.85% (in May 2025), and 6.60% (in June 2025). The Amrit Vrishti SBI FD rates are constantly decreasing in response to the regular repo rate reductions by the RBI.\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_What_are_the_current_SBI_FD_interest_rates_for_2025\"><\/span><b>3. What are the current SBI FD interest rates for 2025?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">As of September 2025, SBI offers the highest FD rate of 6.45% for 2 to 3 years to general customers. If we talk about SBI FD rates for senior citizens, the maximum is 7.05% for 5 to 10-year deposits. Be aware that this includes a 50 bps premium under the SBI We-Care scheme.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_Is_it_good_to_invest_in_an_FD_now\"><\/span><b>4. Is it good to invest in an FD now?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">FD interest rates are currently on a declining trend after the RBI\u2019s February 2025 repo rate cut. They may fall further through the year. To earn competitive rates before they drop, you can <\/span><a href=\"https:\/\/goldenpi.com\/fixed-deposits\"><span style=\"font-weight: 400;\">book an FD via the GoldenPi platform<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It provides access to multiple FD options offered by popular small finance banks (SFBs) like <\/span><a href=\"https:\/\/goldenpi.com\/fixed-deposit\/suryoday-small-finance-bank-fd-calculator\"><span style=\"font-weight: 400;\">Suryoday SFB<\/span><\/a><span style=\"font-weight: 400;\"> and Unity SFB, as well as NBFCs such as Mahindra Finance, Bajaj Finance, Shriram Finance, and more.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_When_will_FD_rates_increase_in_India\"><\/span><strong>5. When will FD rates increase in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Throughout 2025, the RBI reduced the repo rate by a cumulative 125 basis points (from 6.50% to 5.25%). Such an aggressive rate-cut cycle may signal an \u201caccommodative stance\u201d. In response, banks may not increase FD rates in 2026 unless the RBI reverses its monetary policy stance in the upcoming reviews.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"6_When_will_SBI_change_interest_rates_next\"><\/span><strong>6. When will SBI change interest rates next?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Changes in interest rates by the SBI or any other bank depend on its internal policies, liquidity position, and repo rate changes. In the upcoming MPC (Monetary Policy Committee) reviews, if the repo rate is revised, SBI may also change its lending or deposit rates accordingly.\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"7_Why_have_FD_rates_reduced_recently\"><\/span><strong>7. Why have FD rates reduced recently?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">In 2025, the RBI cut the repo rate by 125 basis points, reducing it from 6.50% to 5.25%. Usually, when the repo rate falls, banks can borrow money at a lower cost. Thus, they reduce FD rates to support their margins.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">___________________________________________________________________________________<\/span><\/p>\n<p><strong>Disclaimer:<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">This information is for general information purposes only. GoldenPi makes no guarantee on the accuracy of the data provided here; the information displayed is subject to change and is provided on an as-is basis. Nothing contained herein is intended to or shall be deemed to be investment advice, implied or otherwise. Investments in the securities market are subject to market risks. Read all the offer-related documents carefully before investing.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Fixed Deposit schemes are regulated by the <\/span><a href=\"https:\/\/www.rbi.org.in\/\"><span style=\"font-weight: 400;\">Reserve Bank of India<\/span><\/a><span style=\"font-weight: 400;\">. GoldenPi Securities Private Limited is a registered debt broker and acts as a distributor and not as a manufacturer of the product.<\/span><\/p>\n<p>Latest Updated: 21-02-2026<\/p>\n<p><script type=\"application\/ld+json\">\n{\n  \"@context\": \"https:\/\/schema.org\",\n  \"@type\": \"FAQPage\",\n  \"mainEntity\": [\n    {\n      \"@type\": \"Question\",\n      \"name\": \"Will SBI FD interest rates increase in 2025?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"It may be unlikely. With the February 2025 repo rate cut marking the start of a rate-easing cycle, and further repo rate cuts in June 2025, reductions in SBI FD rates are more probable than interest rate hikes through the remainder of 2025.\"\n      }\n    },\n    {\n      \"@type\": \"Question\",\n      \"name\": \"Why are Amrit Vrishti SBI FD rates falling?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"The special 444-day Amrit Vrishti scheme was launched at 7.25% in July 2024. Its rates were subsequently lowered to 7.05% in April 2025, 6.85% in May 2025, and 6.60% in June 2025, reflecting RBI repo rate cuts and the overall easing trend in monetary policy.\"\n      }\n    },\n    {\n      \"@type\": \"Question\",\n      \"name\": \"What are the current SBI FD interest rates for 2025?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"As of September 2025, SBI offers a highest retail fixed deposit rate of around 6.45% for tenures of 2 to 3 years for general customers. For senior citizens, the maximum rate can go up to about 7.05% on deposits of 5 to 10 years, including the SBI We-Care premium.\"\n      }\n    },\n    {\n      \"@type\": \"Question\",\n      \"name\": \"Is it good to invest in an FD now?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"FD interest rates are currently on a declining trend after recent RBI repo rate cuts and may fall further through 2025. To lock in competitive rates before they drop more, you could consider booking an FD via platforms that aggregate multiple bank and NBFC FD offerings.\"\n      }\n    },\n    {\n      \"@type\": \"Question\",\n      \"name\": \"When will FD rates increase in India?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"Given the cumulative 125 basis points repo rate reduction in 2025 (from 6.50% to 5.25%), the monetary policy stance is accommodative. Unless the RBI reverses course in future policy reviews, widespread FD rate increases in India may not occur in 2026.\"\n      }\n    },\n    {\n      \"@type\": \"Question\",\n      \"name\": \"When will SBI change interest rates next?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"Interest rate changes by SBI or other banks depend on internal policies, liquidity conditions, and movements in the RBI repo rate. If future Monetary Policy Committee (MPC) reviews adjust the repo rate, banks including SBI may revise their deposit and lending rates accordingly.\"\n      }\n    },\n    {\n      \"@type\": \"Question\",\n      \"name\": \"Why have FD rates reduced recently?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"In 2025, the Reserve Bank of India reduced the repo rate by a cumulative 125 basis points, lowering it from 6.50% to 5.25%. When the repo rate falls, banks\u2019 cost of funds typically decreases, and they may reduce FD interest rates to maintain profit margins.\"\n      }\n    }\n  ]\n}\n<\/script><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>How Much Has the SBI FD Interest Rate Changed From 2022 to 2025? The State Bank of India (SBI) is India\u2019s largest&hellip;<\/p>\n","protected":false},"author":8,"featured_media":11905,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"categories":[225,308,26],"tags":[310],"class_list":["post-9856","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fixed-deposit","category-sbi-fd-rates","category-investment-guide","tag-sbi-fixed-deposit-rates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How Much Has the SBI FD Interest Rates Changed From 2022 to 2025?<\/title>\n<meta name=\"description\" content=\"Uncover how SBI FD rates have shifted from 2022 to 2025 and how these changes can help boost your savings. 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