SBI Fixed Deposit Interest Rates 2025 - Latest FD Rates

An SBI fixed deposit lets you invest a large sum of money for a set period of time and receive a guaranteed return at a set interest rate. There is no one-size-fits-all interest rate. It is determined by several factors, including:

• Tenure: The length of time you lock in your funds. Generally, longer tenures offer higher interest rates.
• Deposit Amount: SBI has different rates for retail deposits (below ₹3 crore) and bulk deposits (₹3 crore and above).
• Customer Category: SBI offers preferential interest rates for senior citizens, which are typically 0.50% higher than the rates for regular customers.

It is important to note that SBI revises its rates periodically based on the prevailing economic conditions and the Reserve Bank of India's (RBI) policies. This is why checking the latest FD interest rates that SBI offers is essential to make an informed investment decision.

Below are the latest SBI FD interest rates* for deposits below ₹3 crore. The table shows the annual rate of interest for both general and senior citizen categories.

*as of 10 September 2025

The current SBI FD rates for regular citizens range from 3.05% to 6.60%, and for senior citizens, they range from 3.55% to 7.10%. The rates are subject to change, so it's best to refer to the official SBI website for the latest updates.

Note: Retail and bulk deposits follow different slabs. Promotional/special-tenor schemes may carry different rates and terms. For bulk deposits (₹3 crore and above), separate rate schedules apply and senior-citizen concessions typically do not apply.

An SBI fixed deposit is more than just a savings instrument. It comes with a host of features and benefits that make it a compelling choice for investors.

• Guaranteed Returns: The rate of interest is fixed for the entire tenure, providing a predictable and secure return on investment
• Flexible Tenure: You can choose a tenure from as short as 7 days to as long as 10 years.
• Premature Withdrawal: While FDs are meant for a fixed tenure, you can opt for premature withdrawal in case of an emergency, though a small penalty may apply.
• Loan Against FD: You can avail of a loan against your FD, typically up to 90% of the deposit value, without breaking the FD. This is a convenient way to access funds.
• Nomination Facility: SBI offers a nomination facility to ensure a smooth and hassle-free transfer of funds to the nominee in the event of an unfortunate incident.
• Auto-Renewal: You can set up an auto-renewal instruction for your FD, so it gets automatically renewed upon maturity, continuing to earn interest.

Beyond the standard fixed deposit account, SBI offers various schemes to cater to different financial needs.

• Regular Fixed Deposit: The standard fixed deposit where interest can be paid out periodically or compounded at maturity.
• SBI Tax-Saving Scheme: This FD comes with a lock-in period of 5 years and allows you to claim a tax deduction under Section 80C of the Income Tax Act, with a maximum deposit amount of ₹1.5 lakh per financial year.
• SBI Multi Option Deposit Scheme (MODS): A unique FD type linked to your savings account. It provides the liquidity of a savings account while offering the higher returns of a term deposit.
• SBI Annuity Deposit Scheme: Designed for retirees, where a lump sum is deposited, and both principal and interest are repaid in equated monthly installments over a specific period.

• SBI NRE/NRO Fixed Deposits

  • NRE FD: Tax-free, repatriable
  • NRE FD: Tax-free, repatriable
  • Tenure: 1 to 10 years

When you open an SBI fixed deposit, you have flexibility in how you receive your interest payments.

Cumulative FD (Best for Wealth Growth)

• Quarterly compounding
• Maturity = principal + interest
• Higher returns due to compounding

Non-Cumulative FD (Best for Monthly Income)

Payout frequency options:

• Monthly
• Quarterly
• Half-yearly
• Yearly

Ideal for senior citizens or those seeking regular income.

Opening a fixed deposit account with SBI is a straightforward process. You will need to provide the following common documents:

• Proof of Identity: PAN card, Aadhaar card, Passport, Voter ID, or Driving License.
• Proof of Address: Aadhaar card, Passport, Utility bills (electricity, water, etc.), or Bank statement.
• Passport-size Photographs: Recent photographs are required to complete the account opening process.
• For NRIs, Additional documents may be required, such as a valid passport with visa and proof of NRI status.

The interest earned on a fixed deposit is considered income and is subject to taxation as per your income tax slab. Banks are required to deduct Tax Deducted at Source (TDS) if the interest income exceeds a certain threshold in a financial year.

TDS Threshold

• Regular citizens: ₹40,000
• Senior citizens: ₹50,000

TDS Avoidance

Submit:

• Form 15G - for regular citizens
• Form 15H - for senior citizens

Interest is fully taxable as “Income from Other Sources"

• Loan limit: Up to 90% of FD value
• Interest rate: FD rate +1-2%
• No need to break your FD
• Ideal for emergencies

If you have no credit history, SBI offers secured credit cards against a fixed deposit:

• Credit limit: Up to 80% of FD value
• Helps build credit score
• Easy approval

You can open an SBI FD account through three convenient methods: