State Bank of India has revised its fixed deposit interest rates. According to the bank’s website, the interest rates have been reduced. The new rates will be effective from April 15, 2025. SBI has also shared a list of old rates so that customers can easily compare and calculate the difference.
New SBI FD Rates
State Bank of India has released new interest rates for FDs of less than ₹3 crore. The rates from the bank’s official website are:
- 7 to 45 days – 3.50%
- 46 to 179 days – 5.50%
- 180 to 210 days – 6.25%
- 211 days to less than 1 year – 6.50%
- 1 year to less than 2 years – 6.90% (reduced by 0.10%)
- 3 to 5 years – 6.75%
- 5 to 10 years – 6.50%
Senior citizens get 0.50% extra on all FDs. The interest rates for 1–2 years and 2–3 years have been reduced by 0.10%.
FD or Post Office Scheme?
Choosing between a Post Office scheme and an FD depends on returns. Many investors want guaranteed returns and avoid stock market risks. Both FDs and Post Office schemes offer almost thesame returns over time and are safe options.