- Home
- Blogs
- Fixed Deposit
- Fixed Deposit Interest Rates At Sbi Know What They Are And Whether To Invest
Fixed Deposit Interest Rates at SBI
- Updated on: 8 Nov 2024
- Published on: 11 Aug 2023
Knowing the current SBI FD interest rates will help you invest smartly and ensure maximum returns. The interest rates depend on:
Staying informed about the rates will give you insight into which terms best suit your goals, enabling you to make the most of your funds. Read on to know the current rates and other key details.
SBI offers numerous fixed deposit options, including:
Here are the rates of some popular SBI FD schemes:
| Tenure | FD rates for regular investors (%p.a.) | FD rates for senior-citizen investors (%p.a.) |
|---|---|---|
| 7 days to 45 days | 3.50% | 4.00% |
| 46 days to 179 days | 4.75% | 5.25% |
| 180 days to 210 days | 5.75% | 6.25% |
| 211 days to less than 1 year | 6.00% | 6.50% |
| 1 Year to less than 2 years | 6.80% | 7.30% |
| 400 days (Amrit Kalash) | 7.10% | 7.60% |
| 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% |
| Tenure | FD rates for regular investors | FD rates for senior citizen investors |
|---|---|---|
| 1 year | 7.10% per annum | 7.60% per annum |
| 2 years | 7.40% per annum | 7.90% per annum |
| Tenures | Deposits under ₹2 crores (p.a.) | Deposits above ₹2 crores (p.a.) |
|---|---|---|
| 1 year to less than 2 years | 6.80% | 6.80% |
| 400 Days (Amrit Kalash) | 7.10% | – |
| 2 years to less than 3 years | 7.00% | 6.75% |
| 3 years to less than 5 years | 6.75% | 6.25% |
| 5 years to 10 years | 6.50% | 6.00% |
| Tenures | Deposits under ₹2 crores (p.a.) | Deposits above ₹2 crores (p.a.) |
|---|---|---|
| 7 days to 45 days | 3.00% | 5.00% |
| 46 days to 179 days | 4.75% | 5.75% |
| 180 days to 210 days | 5.75% | 6.50% |
| 211 days to less than 1 year | 6.00% | 6.75% |
| 1 year to less than 2 years | 6.80% | 6.80% |
| 400 Days (Amrit Kalash) | 7.10% | – |
| 2 years to less than 3 years | 7.00% | 6.75% |
| 3 years to less than 5 years | 6.75% | 6.25% |
| 5 years and up to 10 years | 6.50% | 6.00% |
Currency and interest rates per annum:
| Tenure (in years) | USD | GBP | EURO | CAD | AUD | JPY |
|---|---|---|---|---|---|---|
| 1 | 5.55 | 5.10 | 4.00 | 4.50 | 4.50 | 0.05 |
| <1 to >2 | 5.55 | 5.10 | 4.00 | 4.50 | 4.50 | 0.05 |
| 2 to >3 | 4.25 | 5.00 | 1.50 | 4.10 | 4.40 | 0.05 |
| 3 to >4 | 3.95 | 4.00 | 1.50 | 3.85 | 4.30 | 0.05 |
| 4 to >5 | 3.85 | 4.00 | 1.50 | 3.90 | 4.20 | 0.05 |
| 5 | 3.90 | 3.90 | 1.50 | 3.95 | 4.10 | 0.05 |
The above interest rates for all schemes are current as of February 2024 and are subject to change at the bank’s discretion.
Also Read: Sbi Bank Statement Download Online
Investing in FDs offers various benefits. Some of these are:
In addition to the above, you can pledge your fixed deposits as collateral and get immediate funding. Many issuers offer up to 90% of your FD as a loan at affordable interest rates, ensuring you don’t put your financial growth at risk.
If you don’t have an FD or don’t want to use it as collateral but need urgent funds, you can get a collateral-free Personal Loan of up to ₹5 lakhs from Fibe. You enjoy flexibility in repayment with a choice of tenures, zero pre-closure charges and more.
Download our Instant Loan App or register on our website for a hassle-free and entirely digital application process!
The SBI FD rates depend on the chosen tenure, which ranges from 7 days to 10 years. So, your rates may be as follows:
The best FD scheme depends on:
If you’re planning on not making premature withdrawals, opt for the Sarvottam FD since it offers slightly higher returns. Other schemes offered by the bank include:
SBI FD rates as of February 2024 are as follows:
Senior citizens get an additional 0.50% hike in FD rates, so their rates range from 4.00% to 7.60% per annum.
Yes, SBI is safe since your deposits are insured under DICGC.
