State Bank of India is an Indian multinational public sector bank and financial services statutory organisation, As many banks in the country have recently increased their FD rates, it is expected that SBI may also raise some for depositors soon, Currently State Bank (SBI) is offering FD interest rate of over 10% to its customers.
State Bank of India offers attractive interest rates on Fixed Deposits from 7 days to 10 years with many attractive features and benefits, Currently, the highest FD rate offered by SBI to general citizens under Amrit Kalash Deposit Scheme is 7.1%, The bank is also offering 7% interest to general public on deposits within 2 years to 3 years, The highest interest rate offered by SBI to senior citizens is 7.6% under 400 days Amrit Kalash deposits.
SBI FD Interest Rates 2024
SBI FD interest rates for general public is 3.00% p.a. to 7.10% p.a. is as.
FD FD interest rates for senior citizens range from 3.50% p.a to 7.60% p.a. is as.
Interest rate of tax saving FD for general public is 6.50% p.a. There is.
SBI offers 50 bps additional premium under “SBI Wecare” deposit scheme for senior citizens.
The bank also offers various fixed deposit products like NRO, NRE, RFC and FCNR (B) Fixed Deposits for NRIs.
State Bank accepts FCNR (B) fixed deposits in US Dollars (USD), British Pound Sterling (GBP). Euro, Canadian Dollar (CAD), Australian Dollar (AUD) and Japanese Yen (JPY).
SBI Fixed Deposit Interest Rate 2024 for Domestic Term Deposits Below Rs.2 crore
Tenors
Interest Rates for Public
Interest Rates for Senior Citizens
7 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 1 year
5.75%
6.25%
1 year to less than 2 years
6.80%
7.30%
2 years to less than 3 years
7.00%
7.50%
3 years to less than 5 years
6.50%
7.00%
5 years and up to 10 years
6.50%
7.50% @
400 days (Special Scheme “ Amrit Kalash”)
7.10%
7.60%
SBI Sarvottam Domestic Retail Term Deposits (Non-Callable)
Tenure
Above ₹15 lakhs to less than ₹2 crores
Rs.2 Crores to less than Rs.5 Crores
General Citizens (p.a.)
Senior Citizens (p.a.)
General Citizens (p.a.)
Senior Citizens (p.a.)
1 Yr
7.10%
7.60%
7.05%
7.55%
2 Yr
7.40%
7.90%
6.90%
7.40%
SBI FD Rates Domestic Bulk Term Deposits (Rs. 2 Crores and above)
Tenors
Interest Rates for Public
Interest Rates for Senior Citizens
7 days to 45 days
4.75%
5.25%
46 days to 179 days
5.50%
6.00%
180 days to 210 days
6.00%
6.50%
211 days to less than 1 year
6.25%
6.75%
1 year to less than 2 years
6.75%
7.25%
2 years to less than 3 years
6.50%
7.00%
3 years to less than 5 years
6.00%
6.50%
5 years and up to 10 years
6.00%
6.50%
SBI Tax Savings Scheme Interest Rates
Maturity Period
General Public FD interest rate (per annum)
Senior citizen FD interest rate (per annum)
5 years
6.50%
7.00%
SBI WeCare Deposit for Senior Citizens
Maturity Period
Senior citizen FD interest rate (per annum)
5 years to 10 years
7.50%
NRO Fixed Deposit Interest Rates
Tenors
Interest for deposits below Rs.2 Crore
7 days to 45 days
3.00%
46 days to 179 days
4.50%
180 days to 210 days
5.25%
211 days to less than 1 year
5.75%
1 year to less than 2 years
6.80%
2 year to less than 3 years
7.00%
3 years and up to 5 years
6.50%
5 years and up to 10 years
6.25%
NRE Fixed Deposit Interest Rates
Tenors
Interest for deposits below Rs.2 Crore
1 year to less than 2 years
6.80%
400 Days (AMRIT KALASH)
7.10%
2 years to less than 3 years
7.00%
3 years to less than 5 years
6.50%
5 years and up to 10 years
6.50%
SBI FCNR Rates
CURRENCY
USD
GBP
EURO
CAD
AUD
JPY
1 year
5.00
4.25
1.50
4.30
3.60
0.02
Above 1 year to less than 2 years
5.00
4.25
1.50
4.30
3.60
0.02
2 years to less than 3 years
3.95
2.35
1.50
4.10
3.50
0.05
3 years to less than 4 years
3.80
2.45
1.50
3.85
3.00
0.05
4 years to less than 5 years
3.85
2.45
1.50
3.70
3.00
0.05
5 years
3.90
2.45
1.50
3.60
3.00
0.05
SBI RFC Rates
Tenure
USD
GBP
EURO
1 year to less than 2 years
5.00
4.25
1.50
2 years to less than 3 years
3.95
2.35
1.50
3 years
3.80
2.45
1.50
NOTE – State Bank of India fixed deposit rates are subject to change at the discretion of the bank, the information given here is only the current interest rates given by the bank, when you want to make a fixed deposit in State Bank of India you should visit the official website of the bank and confirm.
Only Fixed Deposits with a minimum tenure of three years are eligible for the highest SBI FD interest rate of 7% for ordinary accounts and 7.5% for Senior Citizens.
Are there any special SBI FD rates for senior citizens?
SBI offers preferential FD interest rates to older citizens, which vary depending on the term of the deposit.
What is current SBI FD interest rates?
For tenures ranging from 7 days to 10 years, SBI offers FD interest rates ranging from 3.00%-7.10% p.a. to the general public and 3.50%-7.60% p.a. to senior citizens. The interest rate on the SBI Tax Saving FD is 6.50% p.a. for the general public and 7.50% p.a. for the corporate sector.