SBI FD Interest Rates 2025

All leading banks in India offer term or fixed deposits (FD) for retail depositors. So, if you want to park your funds safely in an FD and earn steady returns on that lump sum, how do you find the best deposit facility? The answer lies in comparing the FD interest rates. Sure, other parameters like deposit facilities, internet/mobile banking and customer support also matter. However, fixed deposit interest rates take precedence over these factors because they determine the returns you will earn over the deposit tenure.

If you prefer to invest in FDs offered by public sector banks in India, the State Bank of India (SBI) may be among your top choices. So, let’s take a closer look at the SBI fixed deposit interest rates for different tenures, FD categories and depositors. 

Highlights of the Standard SBI Term Deposit Scheme

Check out the highlights of the standard fixed deposit facility offered by the State Bank of India.

FD Interest Rates for Depositors Below 60 Years	3.05% to 6.05% per annum
FD Interest Rates for Senior Citizens	3.55% to 7.05% per annum
Minimum FD Tenure	7 days
Maximum FD Tenure	10 years
Minimum Deposit Allowed	₹1,000
Maximum Deposit Allowed	No limit
Bulk Deposit Limit	Deposits of ₹2 crore and above

SBI Fixed Deposit Interest Rates

State Bank of India’s fixed deposit rates depend on the type of deposit, the amount deposited, the deposit period and the age of the account holder. Check out the SBI FD interest rates for retail domestic term deposits offered by the bank here:

SBI FD Interest Rates For Retail Domestic Term Deposits Below ₹3 Crore
Deposit Tenure	SBI FD Interest Rates for the General Public (per annum)	SBI FD Interest Rates for Senior Citizens (per annum)
7 days to 45 days	3.05	3.55
46 days to 179 days	5.05	5.55
180 days to 210 days	5.8	6.3
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	6.3	6.8
5 years and up to 10 years	6.05	7.05%  (This includes the additional premium of 50 basis points offered under the SBI We-Care FD scheme)
SBI FD Interest Rates For Retail Domestic Term Deposits of ₹3 Crore and More
Deposit Tenure	SBI FD Interest Rates for the General Public (per annum)	SBI FD Interest Rates for Senior Citizens (per annum)
7 days to 45 days	4.5	5
46 days to 179 days	5	5.5
180 days to 210 days	5.25	5.75
211 days to less than 1 year	5.75	6.25
1 year to less than 2 years	5.75	6.25
2 years to less than 3 years	6.25	6.75
3 years to less than 5 years	6.15	6.65
5 years and up to 10 years	6	6.5
Non-Callable Retail Term Deposits (From ₹1.01 Crore But Below ₹3 Crore)
Deposit Tenure	SBI FD Interest Rates for the General Public (per annum)	SBI FD Interest Rates for Senior Citizens (per annum)
1 year	7.10%	7.60%
2 years	7.40%	7.90%

In addition to the above-mentioned interest rates, the State Bank of India offers special interest rates on the following fixed deposit products:

• 7.25% per annum for non-senior citizens, 7.75% per annum for senior citizens and 7.85% per annum for super senior citizens under the Amrit Vrishti FD scheme (with a tenure of 444 days)
• 10 basis points less than the standard card rate for SBI Green Rupee Term Deposits with tenures of 1,111, 1,777 and 2,222 days

Note: These rates are all valid as of Monday, 16-06-2025.

How Do SBI Interest Rates Work? 

Knowing the SBI FD interest rates is only the first step in making an informed decision about your deposits. You also need to understand how the interest rates impact your earnings. Here is what you must know about SBI’s fixed deposit interest rates, interest calculation and payouts. 

• Interest Calculation Frequency:

Interest on SBI term deposits is calculated on a quarterly basis, i.e. every three months. For instance, if you invest in a 1-year FD on April 1, the interest will be calculated at the end of each quarter ending June, September, December and March. 

• Tenure-Based Interest Rates:

Depending on how long you choose to lock in your funds, the relevant SBI FD interest applies to your deposit. For example, for a senior citizen who wants to deposit ₹5 lakh for 3 years, interest will be paid out at 7.25% per annum. 

• Discounted Rates for Monthly Interest Payouts:

If you opt for monthly payouts instead, the bank offers a slightly discounted interest rate. However, the interest will still be calculated for each quarter.

• Day-Based Interest Calculation for Incomplete Quarters:

Sometimes, the tenure of an SBI fixed deposit may not align perfectly with full quarters. This may happen if the total tenure is less than 3 months or if the deposit period includes extra days beyond a completed quarter. In these cases, the bank calculates interest at the applicable SBI FD interest rates on a daily basis for the additional or remaining days. 

This is the formula used for such day-based interest calculation:

(Principal × Interest Rate × Number of Days) ÷ 365

Comparing the SBI Interest Rates for Different FD Schemes

In addition to its regular fixed deposit facility, the State Bank of India offers a wide range of other deposit options that may be suitable for investors with different goals and requirements. Check out the table below to see how the interest rates vary across the different deposit facilities offered by SBI. 

Type of Deposit	SBI Interest Rates (per annum)
Regular Term Deposit	From 3.05% to 6.05% for depositors below 60 years  From 3.55% to 7.05% for senior citizens
SBI Patrons (a special term deposit offered for super senior citizens)	10 basis points more than the card rates offered for FDs belonging to senior citizens
SBI Green Rupee Term Deposit	From 5.95% to 6.20% for depositors below 60 years  From 6.95% to 6.70% for senior citizens
SBI Annuity Deposit Scheme	Same as the interest rates applicable for standard term deposits
SBI Multi Option Deposit Scheme (MODS)
SBI Tax Savings Scheme, 2006
Motor Accident Claims Annuity (Term) Deposit Account (MACAD)	Same as the interest rates applicable for standard term deposits, depending on the tenure
Non-Callable Retail Term Deposits	30 basis points more than the card rate of 1-year retail term deposits 40 basis points more than the card rate of 2-year retail term deposits
Non-Callable Bulk Term Deposits	As decided by the bank

Note: These rates are all valid as of Monday, 16-06-2025.

Conclusion

This guide can be helpful if you want to check out the SBI FD interest rates and compare them with other banks before choosing a deposit facility. You can also rely on an FD calculator to understand how different FD interest rates will impact the maturity value of your deposit amount. 

That said, it’s crucial to keep in mind that banks may revise their fixed deposit interest rates periodically. So, always cross-check the prevailing rates with your bank’s customer support team before making a decision.