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.

For any investor, a fixed deposit calculator is an essential tool. You can quickly and precisely estimate the maturity value and total interest earned on your deposit with the SBI FD interest rates calculator. It saves time and ensures accuracy by removing manual computations.

How to use the calculator:

1. Enter your principal deposit amount.
2. Select the desired tenure (e.g., in years, months, or days).
3. Choose the applicable interest rate (for regular or senior citizens).
4. Specify the compounding frequency (quarterly, monthly, etc.).

For example, if a regular customer invests ₹1,00,000 for a tenure of 2 years at an interest rate of 6.45% per annum, the calculator will instantly show the maturity amount and the total interest earned. This helps you compare different investment scenarios and choose one that aligns with your financial goals.

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.

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

• Cumulative Option: The interest is compounded quarterly and paid out along with the principal at maturity. This is an excellent option for those looking to maximize their returns through compounding.
• Non-Cumulative Option: Interest is paid out at regular intervals. You can choose to receive it monthly, quarterly, or half-yearly, depending on your needs. This is ideal for those who need a regular income stream, such as retired individuals.

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.

• For Regular Citizens, The TDS threshold is ₹40,000.
• For Senior Citizens, The TDS threshold is ₹50,000.

If your total interest income from all sources is below the exemption limit, you can submit Form 15G (for regular citizens) or Form 15H (for senior citizens) to the bank to avoid TDS deduction.

Even if TDS is deducted, you can claim a refund while filing your Income Tax Return (ITR) if your total taxable income is below the basic exemption limit.

The ability to get a loan against an SBI FD is one of its many noteworthy benefits. Your fixed deposit serves as collateral for this secured loan. Generally speaking, the loan interest rate is 1% to 2% greater than the FD interest rate. This facility is very helpful because it keeps your guaranteed returns intact by enabling you to meet your financial needs without prematurely breaking your FD.

In addition, SBI provides a credit card that is secured by your fixed deposit. You can obtain a credit card with a credit limit that is typically 80% of the deposit amount by using your FD as collateral. For those who wish to establish their credit history but might not be qualified for a standard credit card, this is a great choice.

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

1. Online via SBI Net Banking: If you have an existing SBI savings account and internet banking facility, you can open an e-fixed deposit in a few simple steps:
   • Log in to your SBI Net Banking account.
   • Navigate to the "e-Fixed Deposit" section.
   • Select the type of FD, enter the deposit amount and tenure, and confirm your details.
2. Via the SBI YONO App: The YONO app makes the process even more convenient:
   • Log in to the YONO app.
   • Go to "Deposits" and select "Fixed Deposit."
   • Enter the details and complete the transaction.
3. By Visiting a Branch: You can visit any SBI branch and fill out the FD application form. The bank officials will guide you through the process, which includes submitting your documents and depositing the initial amount.