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SBI FD Interest Rates: State Bank of India (SBI) offers Fixed Deposit (FD) rates ranging from 3.40% to 6.40% per annum, depending on the period of investment and amount deposited. These FD rates are available for deposits ranging from 7 days to 10 years and can be opened with amounts starting from Rs 1,000.
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The interest earned on SBI FDs is subject to the applicable tax rate per the Income Tax Act of 1961. Customers can avail of additional benefits such as loans against FDs, premature withdrawal, nomination facility, etc.
Domestic Term Deposits (Below Rs.2 crore)
| Seven days to 45 days | 3.00% | 3.50% |
| 46 days to 179 days | 4.50% | 5.00% |
| 180 days to 210 days | 5.25% | 5.75% |
| 211 days to less than one year | 5.75% | 6.25% |
| One year to less than two years | 6.75% | 7.25% |
| Two years to less than three years | 6.75% | 7.25% |
| Three years to less than five years | 6.25% | 6.75% |
| Five years and up to 10 years | 6.25% | 7.25% @ |
Domestic Bulk Term Deposits (Rs. 2 Crores and above)
| Seven days to 45 days | 4.25% | 4.75% |
| 46 days to 179 days | 5.00% | 5.50% |
| 180 days to 210 days | 5.50% | 6.00% |
| 211 days to less than one year | 5.75% | 6.25% |
| One year to less than two years | 6.50% | 7.00% |
| Two years to less than three years | 5.75% | 6.25% |
| Three years to less than five years | 5.75% | 6.25% |
| Five years and up to 10 years | 5.50% | 6.00% |
Features of SBI Fixed Deposits
SBI Fixed Deposit (FD) Rates offer a variety of features that make investing in them a secure and attractive option. These features include competitive interest rates, the ability to choose the tenure of your FD, the convenience of online FD booking, and the chance to avail loan against FD.
Additionally, customers can directly transfer their FD proceeds to their savings account at maturity and renew their FDs online. These features make SBI Fixed Deposits an ideal choice for those looking to invest their money securely and with maximum returns.
- Interest payments on a calendar quarter/quarterly/monthly basis
- The minimum deposit is Rs.1,000 only
- No limit on the maximum deposit
- Tenure ranging from 7 days to 10 years
- A nomination facility is available
- Loans of up to 90% of the principal amount can be availed against the FD
- Overdraft of up to 90% of the principal amount can be availed against the FD
- Term Deposits with Regular Interest Payout can be converted to Cumulative Interest Payout and vice versa
