State Bank of India is top public sector bank in India. It has over 46000 branches across India and glob .SBI offers Term Deposit to its customers with different rates. SBI interest rates starts from 2.90 % per annum to maximum 5.40 % per annum . You can also book your fixed deposit online. You need to have internet banking facility for FD booking.
SBI Fixed Deposit Rates
Current FD Rates in SBI (Domestic/NRE/NRO)
|Tenure||Interest Rate Below 2 Crore Per Annum||Interest Rate Below 2 Crore Senior Citizen Per Annum|
|7 Days to 45 Days||2.90||3.40|
|46 Days to 179 Days||3.90||4.40|
|180 Days to 210 Days||4.40||4.90|
|211 Days to less than 1 Year||4.40||4.90|
|1 Year to less than 2 Years||5.00||5.50|
|2 Years to less than 3 Years||5.10||5.60|
|3 Years to less than 5 Years||5.30||5.80|
|5 Years and up to 10 Years||5.40||6.20*|
SBI Fixed Deposit Scheme
Senior Citizen Saving Scheme SBI
* SBI Wecare deposit scheme for senior citizens offers 0.3% extra which is over and above the existing 0.5%. This SBI Senior Citizen Scheme Wecare is available on Term Deposit for 5 years and more. This SBI Fixed Deposit scheme is valid till 31st March 2021.SBI Senior Citizen FD Rates start from 3.4 % to 6.2%.
SBI Fixed Deposit Features
1 Bank is offering fixed deposit from 7 days to 10 Years.
2 SBI FD Interest Rates start from minimum 2.90% per annum and maximum 5.40% per annum.
3 Senior citizen will get 0.5 % extra on fixed deposit.
4 Depositor can also avail nomination facility in fixed deposit.
5 SBI Bank also gives auto renewal option in fixed deposit.
6 Pre mature closure or partial withdrawal facility is also available .
7 TDS is deducted when interest payable or reinvested on Fixed Deposit per customer across all SBI branches, exceeds Rs.40,000/- (Rs. 50,000/- for senior citizens) in a financial year.
You can also read about Axis Bank FD Interest Rates
SBI NRE FD Rates
SBI NRI Interest rates are available for Non Resident Indian or citizen of Indian origin . NRE fd is booked for minimum 1 year. No interest is paid if the NRE Deposit is withdrawn before 1 year.
There is no penalty on pre mature closure of NRE Fixed Deposit.
Partial or pre mature withdrawal and sweep- in facility is not allowed fd booked for 5 Crore and above.
SBI Tax Saving FD
SBI offers Tax Saver FD for resident individuals and HUF.
Minimum amount is INR 100 and in multiples of INR 100 and Maximum amount is Rs. 1.5 Lakh in a financial Year.
SBI Tax Saving fd is book for 5 year (lock in)
This fd can be booked with Monthly or quarterly payout.
In case of joint holder deposit account, tax benefit is given to first holder of the account under 80C.
SBI Annuity Deposit Scheme
SBI fixed deposit monthly income scheme allows the customer to deposit one time lump sum money and get repayment of the same in monthly annuity instalment.
State Bank Of India Annuity Deposit Scheme Features.
Minimum amount for this scheme is 25000 and there is no maximum limit.
Period of deposit should be 36/60/84/120 Months.
Rate of Interest as applicable to term deposit.
Nomination is also available for this scheme.
Loan/OD upto 75% of balance amount of annuity is available in this scheme.
Premature closure is allowed in case of death of depositor.
SBI FD Interest Rates Today
We have given latest FD information above about SBI Fixed Deposit Interest Rate. To know the latest SBI Deposit Rates , You can also visit the bank website.
SBI Fixed Deposit Calculator
You can calculate deposit rates in SBI FD Calculator. This will help you to decide the amount and tenure for your SBI Fixed Deposit.