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State Bank of India - Fixed Deposit Interest Rates
Rates last updated by the bank on 15-Dec-25. Visit bank site
Rates last updated by the bank on 15-Dec-25.
₹5l DICGC insuredDICGC insured up to ₹5L
•Ranked #49 of 51 banks on FD rates
| KEY TENURES | General | Senior | Super Sr. |
|---|---|---|---|
6 Months | 5.65% | 6.15% | 6.25% |
1 Year | 6.25% | 6.75% | 6.85% |
444 days | 6.45%BEST | 6.95% | 7.05% |
2 Years | 6.40% | 6.90% | 7.00% |
3 Years | 6.40% | 6.90% | 7.00% |
5 Years | 6.30% | 6.80% | 6.90% |
5 to 10 years | 6.05% | 7.05%BEST | 7.15%BEST |
•For callable FDs < ₹3 Cr•Premature withdrawal penalty applies
Compare with other banks
Bank Overview
Type
PublicHeadquarters
MumbaiFounded
1955Branches
23265DICGC Coverage
₹5 LakhsFinancial Health Indicators(FY 2026)
NNPA
0.39%Strong
CAR
15.40%Strong
PCR
74.36%Strong
LCR
124.26%Strong
CASA
39.46%Strong
Frequently Asked Questions
As of August 2026, State Bank of India offers a highest interest rate of 6.45% p.a. for general citizens and 7.05% p.a. for senior citizens on fixed deposits.
Yes, State Bank of India is a registered bank regulated by the RBI. Your deposits (up to ₹5 Lakhs per depositor) are insured by DICGC, which covers both principal and accrued interest.
The minimum tenure for a fixed deposit with State Bank of India starts from 7 Days. Longer tenures may offer higher interest rates.
Yes, State Bank of India offers an additional benefit of up to 1.00% p.a. over the general citizen rate for senior citizens (aged 60 and above).
Yes, interest earned on fixed deposits is taxable as per your income tax slab. TDS is deducted at 10% if total interest exceeds ₹40,000 per year (₹50,000 for senior citizens). You can submit Form 15G/15H to avoid TDS if your total income is below the taxable limit.
SBI charges a 0.50% penalty for premature withdrawal of retail FDs up to ₹5 lakh. For deposits above ₹5 lakh (up to ₹2 crore and bulk deposits of ₹2 crore & above), a 1.00% penalty applies. No interest is paid if the deposit is closed within 7 days.
As of August 2026, State Bank of India offers special FD rates for 444 days at 6.45% (6.95% for Seniors).
FD Calculator
Months
Days
MATURITY AMOUNT
₹1,06,398
MATURITY DATE
21 Aug 2027
Interest rate6.25% p.a.
Principal₹1,00,000
Total interest₹6,398
Indicative only. Actual figures may vary.