State Bank of India (SBI) has revised its Fixed Deposit (FD) interest rates by reducing them as much as 20 basis points (bps) across different tenures. The reduction in interest rates shall apply to the FDs below ₹3 crore and will impact both general and senior citizens’ investors.
SBI FD New Rate
This rate will affect below Rs. 3 crore fixed deposit (FD).
| FD Term | Revised Rate (General Citizen) | Revised rate (senior citizen) |
| 7 days to 45 days | 3.30% | 3.80% |
| 46 days to 179 days | 5.30% | 5.80% |
| 180 days to 210 days | 6.05% | 6.55% |
| 211 days to 1 year | 6.30% | 6.80% |
| 1 year to 2 year | 6.50% | 7.00% |
| 2 to 3 years | 6.70% | 7.20% |
| 3 to 5 years | 6.55% | 7.05% |
| 5 years to 10 years | 6.30% | 7.30% |
Updated Interest Rates for General Public
As per new policy, SBI FD (Fixed Deposit) new interest rate range stands at 3.30% to 6.70% per annum. This rate is applicable for general public. If you want 6.70% rate, fixed deposit term must be 3 years.
Senior Citizen FD Rates
Senior citizens continue to enjoy higher interest rates under SBI’s FD schemes. After the latest revision, senior citizen FD rates range from 3.80% to 7.30% per annum. To enjoy 7.30% interest, your fixed deposit term should be between 5 year to 10 years.
Also Read: Marriage Loan Interest Rates
Changes to Special FD Scheme – Amrit Kalash
SBI has also revised the interest rate on its Amrit Kalash FD scheme, a special deposit product with a fixed tenure of 444 days.
- Earlier Rate: 7.05% per annum
- New Rate: 6.85% per annum
This rate applies to general customers. The revised rate makes the scheme slightly less attractive than before, though it remains competitive compared to many standard FDs. Also, senior citizen FD interest rate dropped to 7.35%.