FD Interest Rate of SBI

FD Interest Rate of SBI

FD Interest Rate of SBI for senior citizens are 50 bps higher than the SBI Fixed Deposit rates offered to other depositors. The additional interest of 0.50% p.a. is offered only to resident senior citizen depositors. NRE and NRO depositors are not eligible for this interest premium. The bank is offers SBI care Deposit Scheme for Senior Citizens. Where is the eligible depositors get an additional premium of 50 bps over & above the existing 50 bps paid to senior citizens. This scheme is available only for FD tenure of ‘5 Years and above‘. The scheme is available on fresh deposit as well as renewal of maturing deposits.

Highest Slab Rate	7.25% p. a. (for 444 days)
1 year	6.80% p. a.
2 years	7.00% p. a.
3 years	6.75% p. a
4 year	6.76% p. a.
5 year	6.50% p. a.
FD for Tax-Saving	6.50% p. a.

Fixed Deposit Interest Rates of SBI 2024

Fixed Deposit Interest Rates of SBI 2024 :

Fixed Deposit Interest Rate of SBI on Domestic Deposits of less than Rs. 3 crore w.e.f. 15

June 2024

Tenors	Interest Rates ( p. a.) For General Public	For Senior Citizens
7 days to 45 days	3.50%	4.00%
46 days to 179 days	5.50%	6.00%
180 days to 210 days	6.25%	6.75%
211 days to less than 1 year	6.50%	7.00%
1 year to less than 2 years	6.80%	7.30%
2 years to less than 3 years	7.00%	7.50%
3 years to less than 5 years	6.75%	7.25%
5 years and up to 10 years	6.50%	7.50%
400 days ( Amrit Kalash )	7.10%	7.60%
444 days ( Amrit Vrishti)	7.25%	7.75%

Including additional premium of 50 bps under “SBI We care” deposit scheme.

Note :SBI has introduced a tenor specific term deposit scheme (Amrit Kalash) for domestic and NRI customers. Under this scheme, SBI offers special FD interest rates at 7.10% p.a. to the general public and 7.60% p.a. to senior citizens for the tenure of 400 days. The validity of the said scheme is till 30 September 2024.