Here's A Comparison Of SBI Interest Rates On Term Deposits (FD, RD) Across Maturities
State Bank of India (SBI) offers a range of maturities for term deposit accounts. Term deposits, such as fixed deposits (FD) and recurring deposits (RD), are fixed income instruments that yield fixed returns over a pre-defined period of lock-in. For retail domestic term deposits - or fixed deposits - up to Rs 2 crore, SBI pays interest rates to the tune of 5.75-7 per cent to the general public over a maturity period (also known as lock-in period) of seven days to 10 years, according to the bank's corporate website - sbi.co.in. (Also read: SBI interest rate - Why your savings account deposit may fetch lesser return now)
Here's all you need to know about State Bank of India (SBI)'s interest rates on fixed and recurring deposits up to and above Rs 10 crore (SBI FD interest rate):
SBI interest rate - retail domestic term deposits below Rs 2 crore
SBI pays the following interest rates on term deposits up to Rs 2 crore with effect from May 9, 2019, according to the bank's website:
| Tenors | Interest rate for general public | Interest rate for senior citizens |
|---|---|---|
| 7 days to 45 days | 5.75% | 6.25% |
| 46 days to 179 days | 6.25% | 6.75% |
| 180 days to 210 days | 6.35% | 6.85% |
| 211 days to less than 1 year | 6.4% | 6.9% |
| 1 year to less than 2 year | 7% | 7.5% |
| 2 years to less than 3 years | 6.75% | 7.25% |
| 3 years to less than 5 years | 6.7% | 7.2% |
| 5 years and up to 10 years | 6.6% | 7.1% |
SBI interest rate - domestic bulk term deposits between Rs 2 crore and Rs 10 crore
SBI pays the following interest rates on domestic term deposits from Rs 2 crore to Rs 10 crore with effect from February 22, 2019, according to the bank's website:
| Tenors | Interest rate for general public | Interest rate for senior citizens |
|---|---|---|
| 7 days to 45 days | 5.75% | 6.25% |
| 46 days to 179 days | 6.25% | 6.75% |
| 180 days to 210 days | 6.35% | 6.85% |
| 211 days to less than 1 year | 6.4% | 6.9% |
| 1 year to less than 2 years | 6.7% | 7.2% |
| 2 years to less than 3 years | 6.75% | 7.25% |
| 3 years to less than 5 years | 6.8% | 7.3% |
| 5 years and upto 10 years | 6.85% | 7.35% |
(Also read: SBI interest rate - Home loan and processing fee details here)Â
SBI interest rate - domestic bulk term deposits above Rs. 10 crore
SBI pays the following interest rates on term deposits above Rs 10 crore with effect from February 22, 2019, according to the bank's website:
| Tenors | Interest rate for general public | Interest rate for senior citizens |
|---|---|---|
| 7 days to 45 days | 5.75% | 6.25% |
| 46 days to 179 days | 6.25% | 6.75% |
| 180 days to 210 days | 6.35% | 6.85% |
| 211 days to less than 1 year | 6.4% | 6.9% |
| 1 Year to less than 2 year | 6.7% | 7.2% |
| 2 years to less than 3 years | 6.75% | 7.25% |
| 3 years to less than 5 years | 6.8% | 7.3% |
| 5 years and up to 10 years | 6.85% | 7.35% |
(Also read: All about SBI interest rate on deposits in different account types)Â
SBI FD interest rates for senior citizens
Like many other commercial banks, SBI offers slightly better returns to senior citizen customers compared to the general public. On fixed deposits up to Rs 2 crore, SBI pays interest rates in the range of 6.25-7.5 per cent to the senior citizens, 50 basis higher compared to the general public across maturities, according to its website.
SBI recurring deposit account - interest rates and other key details
SBI also provides recurring deposit against a minimum monthly deposit of Rs 100. Any amount in the multiple of Rs 10 is allowed as deposit - in the form of monthly instalments - under the recurring deposit scheme, according to the SBI website. SBI provides a maturity period ranging from 12 months to 120 months for investment in the recurring deposit scheme. SBI pays same interest rates as applicable to term deposits on recurring deposit accounts, according to the bank's portal.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
