SBI FD Interest Rates

State bank of India fixed deposit, is always a good option to make some extra money with your hard earned money. Money in banks is supposed to be a Safe and secure.

Now state bank of India has revised interest rates for Domestic Term Deposits. The good thing about SBI fixed deposit is that you can create fixed deposit account for 7 Days to 10 Years. New interest rates are effective from the 28 November 2018.

Sbi Fixed Deposit Interest Rates ‘Below Rupees One Crore’

For Deposit 7 to 179 Days interest rate is in between 5.75-6.25%.
For Fixed deposit of 180-210 Days – 6.35% interest rates.
For 211-1 year deposit – 6.40% interest rate.
For 1 Year to 3 Years – 6.80% interest Rate.

Sbi Fixed Deposit Interest Rates for Senior Citizens: For senior citizens interest rate is .50% higher than other on deposits.

SBI Fixed Deposit Interest Rates For Retail Domestic Term Deposits ( Revised 28 November 2018):

TIME PERIOD BELOW ONE CRORE ABOVE 1-10 CRORE
Interest Rate
(% per annum)		 Senior Citizen Rates
(% per annum)		 Interest Rate
(% per annum)		 Senior Citizen Rates
(% per annum)
7 Days to 14 Days 5.75% 6.25% 5.75% 6.25%
15 Days to 30 Days 5.75% 6.25% 5.75% 6.25%
31 Days to 45 Days 5.75% 6.25% 5.75% 6.25%
46 Days to 60 Days 6.25% 6.75% 6.25% 6.75%
61 Days to 90 Days 6.25% 6.75% 6.25% 6.75%
91 Days to 180 Days 6.25% 6.75% 6.25% 6.75%
181 Days to 210 days 6.35% 6.85% 6.35% 6.85%
211 Days to 1 year 6.40% 6.90% 6.40% 6.90%
1 Year to 2 years 6.80% 7.30% 6.70% 7.20%
2 Years to 3 Years 6.80% 7.30% 6.75% 7.25%
3 Years to 5 Years 6.80% 7.30% 6.80% 7.30%
5 Years to 10 Years 6.85% 7.35% 6.85% 6.35%

Sbi Fixed Deposit Interest Rates Above ’10 Crore’ ( Revised 30 July 2018):

Maturity Period  Interest Rate

(% p.a.)

 Interest Rate for Senior Citizen

(% p.a.)
7 days to 45 days 5.75% 6.25%
45 days to 180 days 6.25% 6.75%
180 days to 210 days 6.35% 6.85%
210 days – 1 year 6.40% 6.90%
1 year – 455 days 6.70% 7.20%
455 days – 2 years 6.70% 7.20%
2 years to 3 years 6.75% 7.25%
3 years to 5 years 6.80% 7.30%
5 years to 8 years 6.85% 7.35%
5 years to 10 years 6.85% 7.35%

SBI NRO Fixed Deposit Rates ( Revised 28 November 2018) :

Time Period Below 1 Crore (% p. a.) Above 1-10 Crore (% p.a) Above 10 Crore (% p.a)
7 days to 45 Days 5.75% 5.75% 5.75%
46 days to 60 Days 6.25% 6.25% 6.25%
61 days to 179 Days 6.25% 6.25% 6.25%
180 days to 210 Days 6.35% 6.35% 6.35%
211 Days – 1 Year 6.40% 6.40% 6.40%
1 Year – 455 Days 6.80% 6.70% 6.70%
456 Days – 2 years 6.80% 6.70% 6.70%
2 years to 5 years 6.80% 6.80% 6.80%
5 years to 10 years 6.85% 6.85% 6.85%

SBI NRE Fixed Deposit rates ( Revised 28 November 2018) :

Time Period  Below 1 crore (% p.a.) Above 1-10 Crore (% p.a.) Above 10 Crore (% p.a.)
1 Year – 455 Days 6.80% 6.70% 6.70%
456 Days – 2 Years 6.80% 6.70% 6.70%
2 years to 3 Years 6.80% 6.70% 6.75%
3 years to 5 Years 6.80% 6.80% 6.80%
5 years to 10 Years 6.85% 6.85% 6.85%

Important notes:

#For above 50 crores deposits, you have to visit your home branch.
#The updated interest rates shall be made applicable to new deposits and renewals of maturing deposits.
#Addition 1% interest rate is applicable for SBI Staff and SBI pensioners.
#Staff are not eligible for extra 1% rate of interest for NRO deposits, but they are eligible in case domestic term deposits.
#There are “zero” Premature penalty to withdraw term deposits upto 5 lacs. But the deposits have remained for minimum 7 days.
#For the deposit Rs 5.00- 1 crore, the prepayment penalty will be 1%.
#No premature penalty will be charged from staff and SBI pensioners Deposits.

These were the latest official Sbi Fixed Deposit Interest Rates revised for the Year 2019.

Updated: 20 February 2019

Find SBI Maturity Value with our Fixed Deposit Calculator:

Confirm details from official website: https://www.sbi.co.in/portal/web/interest-rates

View Comments (104)

  • The FD rates have been steadily going down over the last few years. I think coming time will be difficult for senior citizens and retirees who do not have any other income source and live their lives on the interest earned by their FD.

  • Sir, I want to 500000 fixed deposit for 15 years to your bank. please call me the benefit of this term

  • I want to know about fixed deposit scheme of child girl 2 year old for a term of 16 years. And also want to know that the interest amount is taxable or non-taxable.

  • Dear sir,
    My mom age is 53 years and she needs to deposit 19 lakhs in your bank but she is expecting a monthly income from it. Kindly let us know what best can be done for him to earn money from 19 lakhs and how much will he get on monthly basis.

  • Please inform me any latest growth plans for 10 year. we are invest Rs.2000/- P.M We are search best plan in SBI bank. kindly send me details through my mail id

  • Dear sir, My dad is a retired person he needs to deposit 10 lakhs in your bank but he is expecting a monthly income from it. Kindly let us know what best can be done for him to earn money from 1 lakhs and how much will he get on monthly basis

  • Dear sir, My dad is a retired person he needs to deposit 10 lakhs in your bank but he is expecting a monthly income from it. Kindly let us know what best can be done for him to earn money from 10 lakhs and how much will he get on monthly basis.

  • Dear Sir

    Please inform me any latest growth plans for 10 year. we are invest Rs.2000/- P.M
    We are search best plan in SBI bank. kindly send me details through my mail id

  • Dear sir, I have one enquiry, i have planning 100000 rs to put fixed deposit for 2 years, so pls calculate how much interest will come, then after two years if i take that money how much amount will add,please answer

  • Sir, I am a citizen persion. My MIS will be matured on 30-08-2016(tomorrow). It was for 5 years and the interest was 9.75 as a citizen persion. So,if I renew this MIS again or make a new MIS for 5 years , what interest will provied me by SBI Bank.Please give the answer as soon as possible.Thank you.

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