Fixed Deposits (FDs) continue to be one of the most trusted and safest investment options in India, and when it comes to trust and reliability, the State Bank of India (SBI) leads the way. With attractive returns, flexible tenures, and added benefits for senior citizens, SBI’s FD schemes in 2025 remain a popular choice for both conservative and new-age investors.
In this blog, we will explore everything you need to know about SBI Fixed Deposit Interest Rates for 2025, including the latest rates for different tenures, special offers for senior citizens, features, benefits, and how to invest.
🔍 SBI Fixed Deposit Interest Rates – Updated for 2025
As of June 2025, SBI offers FD interest rates ranging between 3.50% and 7.10% per annum for the general public, and up to 7.60% for senior citizens depending on the tenure.
Here is a snapshot of current FD interest rates:
| Tenure | General Public | Senior Citizens |
|---|---|---|
| 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% |
| 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% | 7.10% |
📌 Note: Interest rates are subject to change as per RBI policy and bank updates. Always confirm with SBI before investing.
👴 Special FD Schemes for Senior Citizens
SBI offers additional interest of 0.50% to senior citizens (aged 60 years and above) across all fixed deposit tenures.
Additionally, there’s a special scheme called “SBI WeCare”, exclusively for senior citizens. Here’s how it works:
- Applicable on FDs of 5 years and above
- Additional 0.30% interest over the existing 0.50% premium
- Total interest = Base rate + 0.80%
- Aimed at helping senior citizens earn higher and safer returns for their retirement savings
Example: If the regular 5-year FD rate is 6.50%, senior citizens under SBI WeCare get 7.30%.
💡 Key Features of SBI Fixed Deposits
- Minimum Investment: ₹1,000 (no upper limit)
- Flexible Tenure: From 7 days up to 10 years
- Interest Payout: Monthly/Quarterly/Half-Yearly or on maturity
- Auto-Renewal Facility: Available on request
- Loan Against FD: Up to 90% of FD value
- Tax Saving Option: 5-year tax saver FD under Section 80C
🧾 Types of SBI Fixed Deposits
SBI offers a variety of FD options based on customer needs:
1. SBI Term Deposit (Regular FD)
Standard fixed deposit account with fixed returns for general public and senior citizens.
2. SBI Tax Saving Scheme (5-Year Lock-in)
- Tenure: 5 years
- Eligible for ₹1.5 lakh deduction under Section 80C
- No premature withdrawal allowed
3. SBI WeCare Deposit (Senior Citizens Only)
- Additional interest over standard senior rates
- Applicable for 5–10 year FDs
- Designed for post-retirement planning
4. SBI Multi Option Deposit (MOD)
- FD linked with your savings account
- Allows partial withdrawal while the rest continues to earn FD interest
5. SBI Annuity Deposit Scheme
- One-time lump sum deposit
- Monthly payouts of principal + interest for chosen tenure
📈 Why Choose SBI for Fixed Deposits?
Here’s why millions prefer SBI for FD investments:
- ✅ Government-owned bank with unmatched credibility
- ✅ Nationwide presence with over 20,000 branches
- ✅ Competitive FD interest rates
- ✅ Extra benefits for senior citizens
- ✅ Safe investment option, rated highly by credit agencies
- ✅ 24×7 online FD services through YONO and net banking
Whether you’re saving for a wedding, retirement, child’s education, or just parking your emergency funds, SBI offers the right mix of safety, returns, and flexibility.
📱 How to Open an FD with SBI?
You can open a fixed deposit with SBI using any of the following methods:
1. Online via Net Banking
- Log in to SBI Net Banking
- Go to “Fixed Deposit” section
- Select FD type, amount, tenure
- Confirm and submit
2. SBI YONO App
- Use SBI YONO mobile app
- Navigate to “Deposits” → “Open Fixed Deposit”
- Complete transaction digitally
3. Visit Nearest SBI Branch
- Carry ID proof, PAN card, and account details
- Fill out FD opening form
- Submit cheque or cash for deposit
🧮 FD Return Example – SBI 2-Year Deposit
Here’s a quick calculation for understanding how much you earn with SBI:
- Investment: ₹1,00,000
- Tenure: 2 years
- Interest rate (general): 7.00%
- Maturity Amount: ₹1,14,490 approx.
- Interest Earned: ₹14,490
Senior citizens will earn even more due to the higher rate (7.50%).
❗ Tax Implications
- Interest earned above ₹40,000 (₹50,000 for senior citizens) is taxable
- TDS (Tax Deducted at Source) at 10% if PAN is provided
- You can submit Form 15G/15H to avoid TDS if income is below the taxable limit
🛡️ Safety and Insurance on FD
All FDs in SBI are covered under Deposit Insurance and Credit Guarantee Corporation (DICGC) up to ₹5 lakh per depositor per bank, including principal and interest.
🧠 Final Thoughts
In 2025, with interest rates trending upward and inflation being a concern, SBI Fixed Deposits offer a safe and stable avenue to earn decent returns without market risk. Whether you’re a risk-averse investor or a senior citizen looking for regular income, SBI has an FD scheme that fits your goals.
Before investing, always:
- Compare FD rates across banks
- Decide on your liquidity needs (short vs. long term)
- Choose interest payout method wisely (cumulative or monthly)
With its trusted brand name and tailored FD schemes, SBI continues to be a reliable choice for Indian savers in 2025.
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