In 2025, the RBI has cut the key interest rate, known as the repo rate, by 100 basis points — that is, by 1 percent. When the repo rate goes down, the interest rates on deposits also fall. After this cut by the RBI, many banks have lowered their FD rates.
SBI, the biggest public sector bank in the country, reduced its FD interest rate by 0.25 percent in June. Even after this cut, fixed deposits (FDs) are still a popular investment option in India. Let us understand how much interest SBI is offering on FDs right now.
RBI Cut the Repo Rate
In 2025, the RBI cut the repo rate by 1 per cent (100 basis points). When the RBI cuts the repo rate, banks also reduce the interest rates on FDs. SBI, the biggest government bank in India, cut its FD interest rate by 0.25 percent in June.
Even after this, FD is still a safe and popular way to save money in India. Now let’s see how much interest SBI is giving on different FD time periods.
SBI FD Interest Rates for General and Senior Citizens
FD for 7 Days to 45 Days
- General people: 3.05%
- Senior citizens: 3.55%
FD for 46 Days to 179 Days
- General people: 5.05%
- Senior citizens: 5.55%
FD for 180 Days to 210 Days
- General people: 5.80%
- Senior citizens: 6.30%
FD for 211 Days to Less Than 1 Year
- General people: 6.05%
- Senior citizens: 6.55%
FD for 1 Year to Less Than 2 Years
- General people: 6.25%
- Senior citizens: 6.75%
FD for 2 Years to Less Than 3 Years
- General people: 6.45%
- Senior citizens: 6.95%
FD for 3 Years to Less Than 5 Years
- General people: 6.30%
- Senior citizens: 6.80%
FD for 5 Years to 10 Years
- General people: 6.05%
- Senior citizens: 7.05%
How Much Will You Get If You Invest ₹5 Lakh in FD?
If you put ₹5 lakh in a 2.5-year FD in your wife’s name:
If your wife is below 60 years, SBI will give 6.45% interest.
- Final amount: ₹5,86,734
- Total interest: ₹86,734
If your wife is a senior citizen, SBI will give 6.95% interest.
- Final amount: ₹5,93,992
- Total interest: ₹93,992