SBI FD Interest Rates: SBI is one of the country’s largest public sector banks. The bank offers attractive interest rates on Fixed Deposits (FDs) across various tenures. Notably, senior citizens (aged 60 and above) enjoy higher interest rates compared to regular customers. If you are considering opening a 6-month FD with SBI, it is important to know the interest rate the bank offers for this tenure. Returns on FD investments are based on the applicable interest rate. Let us look at the details.
Interest rates on 6-month FDs
SBI offers varying interest rates on 6-month FDs based on the customer’s age. Customers under the age of 60 earn an annual interest rate of 5.65% on 6-month FDs. Meanwhile, customers aged 60 or older receive an interest rate of 6.15% for the same tenure. This means senior citizens earn 0.50% more interest than regular customers. Additionally, individuals aged 80 or older are offered an interest rate of 6.25% on 6-month FDs.
Interest rates on 2-year FDs
SBI offers interest rates ranging from 6.40% to 7.05% on 2-year FDs. Customers under 60 receive 6.40% interest on 2-year FDs, while those aged 60 and above get 6.96%. Customers aged 80 or older receive an interest rate of 7.05% on 2-year FD accounts.
Applicable to FDs up to ₹3 crore
These interest rates apply to Fixed Deposits (FDs) with a principal amount of less than ₹3 crore. Before opening an FD, review the bank’s current interest rates and terms, as banks revise them from time to time.
When did SBI last revise its interest rates?
SBI last modified its FD interest rates in December 2025. Since then, the bank has not revised FD interest rates; SBI’s rates have remained stable since December 2025. Therefore, if you are considering opening an FD with SBI, you should check the current interest rates, as the bank adjusts them periodically.