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SBI FD interest rates

State Bank of India pays 3.05% to 6.4% a year on fixed deposits from 7 days to 10 years, and 3.55% to 7.05% to senior citizens.

  • 6.25%1 year · senior 6.75%
  • 6.4%2 years · senior 6.9%
  • 6.3%3 years · senior 6.8%
  • 6.05%5 years · senior 7.05%

SBI FD rates by tenure

% a year, deposits under ₹3 crore. Calculate opens the FD calculator at the general rate.

TenureGeneralSenior citizensFD calculator
7 days to 45 days3.05%3.55%Calculate
46 days to 179 days4.9%5.4%Calculate
180 days to 210 days5.65%6.15%Calculate
211 days to less than 1 year5.9%6.4%Calculate
1 year to less than 2 years6.25%6.75%Calculate
2 years to less than 3 years6.4%6.9%Calculate
3 years to less than 5 years6.3%6.8%Calculate
5 years and up to 10 years6.05%7.05%Calculate

As read from State Bank of India’s rate page on 5 October 2026; the bank’s rates effective 15 December 2025. Banks can change rates without notice: check the bank’s page before you invest.

What ₹1 lakh comes to at SBI

At maturity, interest added every quarter, before tax.

TenureGeneralSenior citizens
1 year₹1,06,398₹1,06,923
2 years₹1,13,540₹1,14,663
3 years₹1,20,626₹1,22,420
5 years₹1,35,018₹1,41,826

Worked out the way the FD calculator does, the method banks use (quarterly compounding). Tax on the interest, and TDS, are on the calculator’s page.

Where these rates come from

State Bank of India’s own page

  • Copied by hand from State Bank of India’s rate page on 5 October 2026, and checked again every month.
  • Revised rates w.e.f. 15/12/2025 for public and senior citizens; the senior rate for 5 to 10 years carries the bank's asterisk (its extra for senior citizens on that bucket).
  • A bank not checked again for 45 days is marked; after 75 days its rates come down until they are checked again.

What they cover

  • Fixed deposits of resident individuals under ₹3 crore, at the bank’s card rates. Senior citizen rates are as the bank defines them.
  • Banks can change their rates at any time: check the bank’s page or branch before you invest.
  • This page lists rates. It does not recommend a bank or a deposit.
What changed (latest: 5 October 2026)

Changes to the rates on this page, newest first.

    • Rates checked on State Bank of India’s page
    • The rates shown here took effect, as State Bank of India’s page says

Mistakes we have fixed on any page are listed on Corrections.

Other banks’ FD rates

What to check next