SBI Fixed Deposit Rates:  The largest public sector bank in the nation, State Bank of India (SBI), has reduced the interest rates on certain fixed deposit (FD) tenures by as much as 0.20 percent. The new rates went into effect on May 16, 2025, and they apply to FDs under Rs 3 crore. This revision comes after the Reserve Bank of India (RBI) lowered repo rates twice in a row, which caused many banks to lower FD interest rates.

FD Interest Rates for Short-Term Deposits

SBI is currently providing the general public with an interest rate of 3.50 percent and senior citizens with an interest rate of 4.00 percent for short-term deposits that last between 7 and 45 days. Regular customers will receive 5.50 percent interest on deposits made between 46 and 179 days, while senior citizens will receive 6.00 percent.

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FD Rates for the Medium Term

The interest rate on FDs with durations between 180 and 210 days is 6.05 percent for the general public and 6.55 percent for senior citizens. SBI is giving regular depositors 6.30 percent and senior citizens 6.80 percent for tenures ranging from 211 days to less than a year.

Currently, deposits with a duration of one year to less than two years yield 6.50% for the general public and 7.00% for senior citizens. The rates for FDs with two years to less than three years are 6.70 percent and 7.20 percent, respectively.

Long-Term Interest Rates

SBI offers 6.55 percent to the general public and 7.05 percent to senior citizens for deposits with terms of three years to less than five years. The bank's highest interest rate, 6.30 percent for regular customers and 7.30 percent for senior citizens, has been set for the longest tenure, which is five to ten years.

Depositors may reevaluate their investment plans in light of these updated rates, particularly those who depend on fixed deposits for consistent returns. However, throughout all tenures, senior citizens continue to profit from higher interest rates.

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