Know Your FD Rate: SBI pays these returns on FDs to senior citizens & other depositors now; learn with examples
SBI FD Interest Rates: State Bank of India (SBI) offers a variety of maturities in retail fixed deposits up to Rs 3 crore. SBI pays FD interest rates ranging from 3.5 per cent to 7.5 per cent to its depositors at present, according to its website, sbi.co.in. Read on to learn more about the latest SBI FD rates.
SBI Bank FD Rates For Senior Citizens & Other Depositors: State Bank of India, the country's largest lender by assets, offers a variety of maturities in retail fixed deposits (also known as retail domestic term deposits) up to Rs 3 crore. The PSU bank pays interest rates to the tune of 4-7.5 per cent to senior citizens and 3.5-6.75 per cent to other depositors, as of January 12, 2025, according to its website, sbi.co.in. Here's a summary of current FD rates that SBI offers on FDs of different maturities, ranging from 7 days to 10 years.
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7 days to 45 days
SBI offers interest rates of at 3.5 per cent and 4 per cent to the general public and senior citizens on FDs in the 7-45 day category, according to its website.
46 days to 179 days
SBI offers interest rates at 5.5 per cent and 6 per cent to the general public and senior citizens on FDs in the 46-179 day category, according to its website.
180 days to 210 days
In this maturity option, SBI pays a return of 6.75 per cent to senior citizens and 6.25 per cent to other depositors.
211 days to less than 1 year
SBI offers interest rates at 6.5 per cent and 7 per cent to the general public and senior citizens on FDs in this category.
1 year to less than 2 years
SBI offers interest rates of 6.8 per cent and 7.3 per cent to the general public and senior citizens on FDs of this tenure, according to its website.
2 years to less than 3 years
SBI pays interest at 7.5 per cent per annum to senior citizens and at 7 per cent to other depositors in this maturity option.
3 years to less than 5 years
SBI pays a return of 7.25 per cent to senior citizens and 6.75 per cent to other depositors on FDs in this category.
5 years to up to 10 years
SBI offers interest rates of 6.5 per cent and 7.5 per cent (including additional premium of 50 bps under its special We-Care deposit scheme) to the general public and senior citizen depositors respectively, according to its website.
Let's understand these rates with a few examples now
6-month FD
A Rs 1 lakh FD for six months (180 days) is expected to deliver returns of approximately Rs 3,403 and Rs 3,149 to senior citizens and other depositors respectively, calculations show.
2-year FD
In the two-year maturity option, a Rs 1 lakh deposit is estimated to deliver returns to the tune of approximately Rs 16,022 and Rs 14,888 to senior citizens and other depositors, calculations show.
4-year FD
A four-year FD of Rs 1 lakh at the PSU bank is estimated to yield returns of approximately Rs 33,296 and Rs 30,702 for senior citizens and other depositors, as per calculations.