SBI Bank FD Rates

India's largest public sector bank, State Bank of India (SBI), offers a range of products and services to individuals, large corporations, commercial enterprises, public bodies and institutional customers. It is the country’s largest commercial bank in terms of deposits, branches, assets, number of customers and employees.

SBI offers an array of fixed deposit schemes to customers for both short and long tenures. Fixed deposits are investment accounts where funds get deposited for a fixed period and the interest rate does not fluctuate. They are gaining popularity among the public, considering that it is a safe investment option when compared to investments like stocks and mutual funds.

SBI Bank FD Rates 2019

Retail Domestic Term Deposits (Below Rs. 2 crore) Interest Rates Revised w.e.f. 22.02.2019

Tenors	Existing for Public w.e.f. 28.11.2018	Revised for Public w.e.f. 22.02.2019	Existing for Senior Citizens w.e.f. 28.11.2018	Revised for Senior Citizens w.e.f. 22.02.2019
7 days to 45 days	5.75	5.75	6.25	6.25
46 days to 179 days	6.25	6.25	6.75	6.75
180 days to 210 days	6.35	6.35	6.85	6.85
211 days to less than 1 year	6.40	6.40	6.90	6.90
1 year to less than 2 year	6.80	6.80	7.30	7.30
2 years to less than 3 years	6.80	6.80	7.30	7.30
3 years to less than 5 years	6.80	6.80	7.30	7.30
5 years and up to 10 years	6.60	6.68	7.35	7.35

Revision in Interest Rates on Domestic Bulk Term Deposits (Rs. 2 Crores to Rs. 10 Crores) w.e.f. 22.02.2019 (All figures in % per annum)

Tenors	Existing w.e.f. 30.07.2018	Revised w.e.f. 22.02.2019	Existing for Senior Citizen w.e.f. 30.07.2018	Revised for Senior Citizen w.e.f. 22.02.2019
7 days to 45 days	5.75	5.75	6.25	6.25
46 days to 179 days	6.25	6.25	6.75	6.75
180 days to 210 days	6.35	6.35	6.85	6.85
211 days to less than 1 year	6.40	6.40	6.90	6.90
1 year to less than 2 year	6.70	6.70	7.20	7.20
2 years to less than 3 years	6.75	6.75	7.25	7.25
3 years to less than 5 years	6.80	6.80	7.30	7.30
5 years and up to 10 years	6.85	6.85	7.35/td>	7.35

Revision in Interest Rates on Domestic Bulk Term Deposits (above Rs. 10 Crores) w.e.f. 22.02.2019

(All figures in % per annum)

Tenors	Existing for Public Existing w.e.f. 30.07.2018	Revised for Public w.e.f. 22.02.2019		Revised for Senior Citizens w.e.f. 22.02.2019
7 days to 45 days	5.75	5.75	6.25	6.25
46 days to 179 days	6.25	6.25	6.75	6.75
180 days to 210 days	6.35	6.35	6.85	6.85
211 days to less than 1 year	6.40	6.40	6.90	6.90
1 year to less than 2 year	6.70	6.70	7.20	7.20
2 years to less than 3 years	6.75	6.75	7.25	7.25
3 years to less than 5 years	6.80	6.80	7.30	7.30
5 years and up to 10 years	6.85	6.85	7.35/td>	7.35

Reinvestment Plan

(Applicable to Domestic / NRO Deposits)

Standard Table for Maturity Values of a Special Term Deposit of Rs. 100/- w.e.f. 28 November 2018

Period in Months	Public/NRO	Staff
6	103.2002	103.7088
9	104.8772	105.6533
12	106.9754	108.0311
24	114.4373	116.7073
36	122.4197	126.0802
48	130.9590	136.2058
60	140.4386	147.5059
72	150.3086	159.4305
84	160.8723	172.3191
96	172.1783	186.2495
108	184.2790	201.3062
120	197.2301	217.5800

SBI NRI Services - NRO Fixed Deposit Interest Rate

Tenors	Below Rs. 2 crores	Rs. 2 crores and up to Rs. 10 crores	Above Rs. 10 crores
7 days to 45 days	5.75	5.75	5.75
46 days to 179 days	6.25	6.25	6.25
180 days to 210 days	6.35	6.35	6.35
211 days to less than 1 year	6.40	6.40	6.40
1 year to less than 2 year	6.80	6.80	6.70
2 years to less than 3 years	6.80	6.75	6.75
3 years to less than 5 years	6.80	6.80	7.30
5 years and up to 10 years	6.85	6.85	6.85/td>

*Rates are subject to change, without prior notice.

Features of SBI FD Account

The features of SBI fixed deposit are as follows:

The tenure of the deposits can range from 7 days to 10 years.
Interest is payable on a monthly, quarterly or calendar quarter basis, as per the client’s requirement.
Senior citizens get extra interest of 0.25% for deposits above Rs 10,000.
Loans / Overdraft facility is available for up to 90% of the principal deposit.
Flexibility to convert term deposit to STDR (cumulative interest pay-out) and vice versa.

Eligibility Criteria for SBI FDs

To open a fixed deposit account with SBI, an individual will have to submit certain documents that serve as proof of identity and address. The documents acceptable are - Passport, Voter's Identity Card, Driving Licence, Aadhaar Letter/Card, NREGA Card and PAN Card.

FD Interest Rates by Other Banks

Fixed Deposit Interest Rates for other Banks:

Bank of Baroda FD Rates	Allahabad Bank FD Rates	Central Bank of India FD Rates
Dena Bank FD Rates	Canara Bank FD Rates	Indian Overseas Bank FD Rates
Karnataka Bank FD Rates	Bank of Maharashtra FD Rates	Bandhan Bank FD Rates
Axis Bank FD Rates	Corporation Bank FD Rates	IDFC Bank FD Rates

FAQs on SBI FD Rates

What is the interest rate that SBI offers on senior citizens FDs?

Senior citizens get extra interest of 0.25% for deposits above Rs 10,000.

Can I make alterations to the tenure of my ongoing SBI Bank Fixed Deposit?

An individual cannot change the tenure of an already active fixed deposit account. However, he or she can close the existing fixed deposit account and open a new one with tenure of his or her choice.

How to open an SBI Bank Fixed Deposit account without a PAN card?

In case PAN is not available, an individual will have to make a declaration in Form 60.

What is the highest interest rate offered on SBI Bank Fixed Deposit?

The highest interest rate offered on term deposits of less than Rs. 2 crores is 6.85%.

What are the FD tenure options available with SBI Bank Fixed Deposit?

The bank offers a range of tenure options to fixed deposit holders. The tenure of the deposits can range from 7 days to 10 years.

What is the minimum amount required to start an SBI Bank Fixed Deposit account?

The minimum amount required to open an SBI fixed deposit account is Rs. 1,000.

What is the eligibility criteria to open an SBI Bank Fixed Deposit account?

To open a fixed deposit account with SBI, an individual will have to submit certain documents that will serve as proof of identity and address. The documents acceptable are - Passport, Voter's Identity Card, Driving Licence, Aadhaar Letter/Card, NREGA Card and PAN Card.

Can I open my SBI Bank Fixed Deposit without a PAN card?

While it is possible to open a fixed deposit account without a PAN card, there are certain implications to it. The TDS applicable will be recovered at 20% (as against 10% with PAN card). There will be no TDS credit from the Income Tax department, and no TDS certificate shall be issued (As per CBDT circular no: 03/11). Additionally, penal TDS will apply and Form 15G/H and other exemption certificates become invalid. It must be noted that no deposit for a sum equal to or more than Rs. 50,000 shall be booked if the PAN is not provided.