SBI FD Interest Rates: If you have Rs 1 lakh and wish to invest it for around a year with low risk, a bank Fixed Deposit (FD) could be a good choice. Many individuals trust government bank FDs more, particularly the State Bank of India (SBI), the largest government bank in the country. The interest rates offered by SBI Bank on FDs are a key consideration. For a 365-day FD of Rs 1 lakh, the amount received after a year varies based on whether you are a general customer or a senior citizen.
Here are the SBI FD rates for deposits less than Rs 3 crore, effective from December 15, 2025:
Interest rates for regular customers:
– 3.05% for FDs maturing in 7 to 45 days
– 4.90% for 46 to 179 days
– 5.65% for 180 to 210 days
– 5.90% for FDs maturing in 211 days to less than 1 year
– 6.25% for 1 year to less than 2 years
– 6.40% for 2 years to less than 3 years
– 6.30% for 3 years to less than 5 years
– 6.05% for 5 years to 10 years
Interest rates for senior citizens:
– 3.55% for FDs of 7 to 45 days
– 5.40% for 46 to 179 days
– 6.15% for 180 to 210 days
– 6.40% for FDs of 211 days to less than 1 year
– 6.75% for 1 year to less than 2 years
– 6.90% for 2 years to less than 3 years
– 6.80% for 3 years to less than 5 years
– 7.05% for 5 years to 10 years
Highest FD rate for regular customers: 6.40%
Highest FD rate for senior citizens: 7.05%
Additionally, on SBI’s 444-day Amrit Varsha FD:
– 6.45% interest for general customers
– 6.95% interest for senior citizens
How much interest does SBI offer on a 365-day FD?
SBI provides 6.25% annual interest on a 365-day FD. Senior citizens aged 60 years and above receive a higher interest rate of 6.75% for this duration. Super senior citizens aged 80 years or older can avail 6.85% interest. These rates apply to FDs of less than ₹3 crore.
How much will you receive with a Rs 1 lakh deposit?
For a regular customer investing Rs 1 lakh in an SBI FD for 365 days at 6.25% interest, the interest earned in a year would be approximately Rs 6,250, resulting in a total of around Rs 1.06 lakh (principal + interest). However, actual maturity amounts may slightly differ due to bank rules on interest payments and compounding. Before investing, always verify SBI’s current rates and maturity amounts.
What are the benefits for senior citizens?
Customers aged 60 years and above receive a 6.75% interest rate, which translates to roughly Rs 6,750 interest on Rs 1 lakh for a year. The maturity amount may be around Rs 1.067 lakh, subject to the bank’s compounding policy. Super senior citizens aged 80 years and above are offered 6.85% interest, resulting in approximately Rs 6,850 interest on Rs 1 lakh.
Why do senior citizens receive higher interest rates?
SBI grants senior citizens 0.50% more interest on FDs than regular customers, with super senior citizens receiving an additional 0.60% on the standard rate. SBI FDs range from 7 days to 10 years, offering flexibility to choose a term that suits individual needs.
Key considerations before investing in an FD:
Merely looking at the interest rate is insufficient before investing in an FD. Factors like tax implications, penalties for early withdrawal, and interest payment methods should also be taken into account. It’s advisable to verify the current interest rates on the bank’s website or at a branch, as FD rates are subject to change.