As of June 2026, State Bank of India (SBI) Fixed Deposit (FD) interest rates for the general public range from 3.05% to 6.40% p.a. The highest rate for general citizens is 6.45% p.a. For a 444-day tenure under the Amrit Vrishti scheme (Source: SBI Bank, May 2026). These rates apply to domestic FDs below ₹3 crore, offering secure investment options.
| Parameter | Details |
|---|---|
| Interest Rate Range (General Public, < ₹3 Cr) | 3.05% p.a. To 6.40% p.a. (as of June 2026) |
| Highest Interest Rate (General Public, < ₹3 Cr) | 6.45% p.a. For 444 days (Amrit Vrishti scheme, as of May 2026) |
| Minimum Investment Amount | ₹1,000 |
| Maximum Investment Amount | No limit (for domestic retail deposits below ₹2 crore) |
| Tenure Range | 7 days to 10 years |
| Tax Saving FD Interest Rate (General Public) | 6.05% p.a. (with 5-year lock-in, eligible for Section 80C benefits) |
| Amrit Vrishti Scheme (444 days) | 6.45% p.a. (General Public, as of May 2026) |
| 2222-day Tenure Interest Rate (General Public, < ₹3 Cr) | 5.95% p.a. (effective May 1, 2026) |
| Premature Withdrawal Penalty (< ₹5 lakh) | 0.50% below the applicable rate (effective April 1, 2017) |
| Premature Withdrawal Penalty (₹5 lakh and above) | 1% below the applicable rate (effective April 1, 2017) |
| TDS Threshold (Resident Indians) | ₹40,000 p.a. (on interest earned, from AY 2023-24) |
| TDS Rate (Non-submission of PAN) | 20% (from AY 2023-24) |
Key SBI Interest Rate Parameters
Investors can calculate their potential earnings using an SBI home loan premium calculator to understand the maturity value of their fixed deposits. For a ₹10 lakh deposit for 1 year, the interest earned can be ₹64,322, resulting in a maturity value of ₹10,64,322 (as of 2026).
SBI FD Rates 2026: Senior Citizens
Senior citizens investing in SBI Fixed Deposits (FDs) receive an additional interest premium of 0.50% p.a. Over general public rates. As of June 2026, SBI offers senior citizens FD interest rates ranging from 3.55% to 7.05% p.a. On retail term deposits below ₹3 crore (Source: State Bank of India).
Super Senior Citizens (SBI Patrons) receive an extra 10 basis points (bps) premium, bringing their total additional interest to 60 bps over general rates. This additional benefit applies to both new deposits and renewals.
| Tenure | General Public Rate (p.a.) | Senior Citizen Rate (p.a.) | Special Scheme |
|---|---|---|---|
| 444 days | 6.45% (effective from Dec 15, 2025) | 6.95% (effective from Dec 15, 2025) | Amrit Vrishti |
| 444 days | 6.60% (as of Dec 15, 2025) | 7.10% (as of Dec 15, 2025) | Amrit Vrishti |
| 444 days | 6.45% (as of Dec 19, 2025) | 6.95% (50 bps extra over regular rate, as of Dec 19, 2025) | Amrit Vrishti |
| 444 days | 6.45% (as of June 2026) | 6.95% (as of June 2026) | Amrit Vrishti |
| 2222 days (deposits below ₹3 Cr) | 5.95% (w.e.f. May 1, 2026) | 6.95% (w.e.f. May 1, 2026) | SBI Green Rupee Term Deposit |
| 2222 days (deposits above ₹3 Cr) | 5.90% (w.e.f. May 1, 2026) | 6.40% (w.e.f. May 1, 2026) | SBI Green Rupee Term Deposit |
| 1 year (non-callable, ₹1.01 Cr to < ₹3 Cr) | 6.55% (as of June 2026) | 7.05% (as of June 2026) | Non-callable Term Deposit |
| 2 years (non-callable, ₹1.01 Cr to < ₹3 Cr) | 6.80% (as of June 2026) | 7.30% (as of June 2026) | Non-callable Term Deposit |
| 2 to 3 years (regular FD) | 6.40% (as of June 2026) | 6.90% (as of June 2026) | Regular FD |
| 7 days to 10 years | 3.05% to 6.45% (for retail term deposits below ₹3 crore, as of June 2026) | 3.55% to 7.05% (for retail term deposits below ₹3 crore, as of June 2026) | Regular FD |
SBI Fixed Deposit Interest Rates by Tenure
The highest SBI FD interest rate for senior citizens is 7.05% p.a. As of 2026, often available on specific tenures like the Amrit Vrishti scheme. Senior citizens can also benefit from a higher TDS threshold of ₹50,000 on interest income, compared to ₹40,000 for resident Indians (applicable from AY 2023-24).
SBI RD Interest Rates 2026
State Bank of India (SBI) offers recurring deposit (RD) interest rates ranging from 4.50% to 7.00% p.a. For general citizens as of June 15, 2026. Senior citizens receive preferential rates, from 5.00% to 7.50% p.a. For the same period (Source: SBI Bank).
The minimum deposit for an SBI RD account is ₹100, with subsequent deposits in multiples thereof. Premature closure of an RD account incurs a penalty of 2.00% on the interest earned.
| Tenure | General Public Rate (p.a.) | Senior Citizen Rate (p.a.) | Minimum Deposit |
|---|---|---|---|
| 12 months to 120 months (in multiples of 3 months) | 4.50% to 7.00% (as of June 15, 2026) | 5.00% to 7.50% (as of June 15, 2026) | ₹100 and in its multiples thereafter |
| Less than 7 days | No interest paid | No interest paid | ₹100 and in its multiples thereafter |
| 5 years or less | Rate applicable to Term Deposits for Public | Rate applicable to Term Deposits for Senior Citizens | ₹100 and in its multiples thereafter |
| More than 5 years | Rate applicable to Term Deposits for Public | Rate applicable to Term Deposits for Senior Citizens | ₹100 and in its multiples thereafter |
| Any tenor (premature withdrawal up to ₹5.00 lakh Principal) | 0.50% below the rate applicable at the time of opening of deposits, for the period deposit remained with the Bank | 0.50% below the rate applicable at the time of opening of deposits, for the period deposit remained with the Bank | ₹100 and in its multiples thereafter |
| Any tenor (premature withdrawal above ₹5.00 lakh Principal) | 1% below the rate applicable at the time of opening of deposits, for the period deposit remained with the Bank | 1% below the rate applicable at the time of opening of deposits, for the period deposit remained with the Bank | ₹100 and in its multiples thereafter |
The highest SBI RD interest rate for general citizens is 7.00% p.a., while senior citizens can earn up to 7.50% p.a. As of June 2026. You can open an SBI Recurring Deposit account online or by visiting an SBI branch with valid ID proof like a PAN card or Aadhaar card.
SBI Bulk Term Deposit Rates (₹3 Cr+)
SBI offers specific interest rates for domestic bulk term deposits of ₹3 crore and above. As of May 15, 2026, the bank reduced FD rates by 0.25% across four out of nine available tenors for these high-value deposits (Source: SBI Bank). These rates are distinct from retail FD offerings, catering to high-net-worth individuals, corporates, and institutional depositors.
| Tenure | Interest Rate (p.a.) | Effective Date | Key Change |
|---|---|---|---|
| Across four out of nine available tenors | Reduced by 0.25% | May 15, 2026 | Reduction in FD rates on domestic bulk term deposits (₹3 crore and above) |
| Not specified | Hiked | May 15, 2026 | Hike in interest rates on domestic bulk term deposits (₹3 crore and above) |
| Not specified | Indicative rates | 15 July, 2026 | Indicative SBI FD interest rates for domestic bulk term deposits above ₹3 crore |
| 7 days to < 3 years | Higher markup rates | As of 2026 | Available for TDR/STDR products with loan availability, early closure allowed only under exceptional situations |
| 2222 days | 5.90% (General), 6.40% (Senior Citizen) | May 1, 2026 | Interest rates for deposits above ₹3 Cr. For 2222-day scheme |
| Not specified | 1.50% p.a. Above the floating rate | June 2026 | Interest rate on loan against SBI Floating Rate Bulk Term Deposit (FRBTD) |
These bulk term deposit rates are subject to frequent revisions based on market conditions and RBI policy changes. Investors should verify the latest rates directly with SBI before making a deposit decision.
SBI Special FD Schemes
State Bank of India offers several specialised Fixed Deposit (FD) schemes beyond standard offerings, catering to specific investor needs. These schemes include unique features and interest rates, as of 2026. For instance, the SBI Green Rupee Term Deposit supports environment-friendly projects.
- Sarvottam (Non-Callable) Domestic Retail Term Deposits: This scheme is for resident individuals and non-individual customers, with investments ranging from above ₹15 lakh to less than ₹2 crore. Minors and NRI customers are not eligible for this non-callable FD.
- SBI Tax Savings Scheme, 2006: This FD scheme provides tax benefits under Section 80C of the Income Tax Act, 1961. IT helps investors reduce their taxable income while earning fixed returns.
- Green Rupee Term Deposit (SGRTD): Launched by SBI, this FD scheme channels funds into environment-friendly initiatives. As of December 15, 2025, the 2222-day tenure offered 6.60% p.a. For general public and 7.10% p.a. For senior citizens on deposits below ₹3 crore.
- Motor Accident Claims Annuity Deposit (MACAD): This specialised deposit scheme is designed to disburse motor accident compensation in monthly annuity instalments. IT ensures a steady income stream for beneficiaries.
- SBI Floating Rate Bulk Term Deposit (FRBTD): Aimed at high-net-worth individuals, corporates, and institutional depositors, FRBTD offers a floating interest rate. A loan facility is available against FRBTD, with interest at 1.50% p.a. Above the floating rate (as of June 2026).
- Amrit Vrishti Scheme (444-day FD): This special tenure FD offered a high interest rate for a specific period. As of 2026, the 444-day scheme provided 6.45% p.a. For general citizens and 6.95% p.a. For senior citizens.
- SBI Patrons: This scheme offers an additional premium of 10 basis points above the existing 50 basis points given to senior citizens, specifically for Super Senior Citizens.
These special FD schemes from SBI provide diverse options for investors looking for specific benefits like tax savings, higher returns for certain tenures, or support for green initiatives.
Loans Against SBI Deposits
SBI offers loans against various deposits, allowing customers to access funds without prematurely closing their investments. As of June 2026, interest rates on these loans are typically 1% to 1.5% above the underlying deposit rate, making them a cost-effective borrowing option.
| Loan Type | Interest Rate (as of 2026) | Loan Amount | Key Feature |
|---|---|---|---|
| Loan Against Fixed Deposit (FD) | FD rate + 1.00% p.a. (approx. 7-8% p.a.) | Up to 90% of FD value (₹5,000 to ₹5 crore for online overdraft) | Cheapest, fastest credit; FD continues earning interest; no prepayment penalties or processing charges. |
| Overdraft Facility Against Fixed Deposit (Online) | 1% more than the relative time deposit rate | ₹5,000 to ₹5 crore | Interest paid only on the amount used; no prepayment fines or processing costs. |
| Loan Against Floating Rate Bulk Term Deposit (FRBTD) | 1.50% p.a. Above the floating rate | Overdraft/Loan Facility available (specific amount not specified) | Designed for high-net-worth individuals, corporates, and institutional depositors. |
| Loan Against Fixed Deposit (General) | Around 1% or above the FD interest rate | Up to 90% of the overall deposit value | Access funds without closing FDs; lower interest rates compared to unsecured personal loans. |
| Loan Against Fixed Deposit (Domestic and NRI customers) | 1% above the applicable FD interest rate | Up to 85% of the FD value | Provides liquidity for both domestic and NRI customers without breaking the FD. |
These loans are often approved quickly, with no CIBIL score check or income documentation required, leveraging the existing deposit as collateral. You can compare personal loan interest rates for other borrowing options.
SBI Interest Rate Calculation
SBI calculates interest on deposits and loans using various benchmarks, including the Base Rate and Marginal Cost of Funds Based Lending Rate (MCLR). As of June 15, 2026, SBI’s Base Rate stands at 9.90% p.a., influencing many lending products (Source: SBI Bank).
For fixed deposits, interest is compounded, with the exact method depending on the deposit type and tenure. The compound interest formula A = P (1+r/n) ^ (n * t) determines the maturity amount, where ‘A’ is the maturity amount, ‘P’ is the principal, ‘r’ is the annual interest rate, ‘n’ is the number of compounding periods, and ‘t’ is the tenure.
- Fixed Deposits (FDs): Interest is typically compounded quarterly for most domestic retail FDs. For example, a ₹10 lakh deposit for 1 year at 6.45% p.a. Would yield ₹64,322 in interest, maturing at ₹10,64,322 (as of 2026).
- Recurring Deposits (RDs): SBI uses a similar compounding method for RDs. An RD of ₹50,000 for 5 years at 6.50% p.a. Will accrue interest based on monthly contributions and compounding.
- Loans Against Deposits: Interest on loans against FDs is usually 1% higher than the corresponding time deposit rate. For loans against Floating Rate Bulk Term Deposits (FRBTD), the rate is 1.50% p.a. Above the floating rate (as of June 2026).
- TDS Implications: Interest earned on FDs and RDs is subject to Tax Deducted at Source (TDS). For resident Indians, TDS applies if interest exceeds ₹40,000 annually, and for senior citizens, the threshold is ₹50,000 (applicable from AY 2023-24).
Understanding these calculation methods helps investors estimate their returns and manage their tax liabilities effectively. You can also use an SBI home loan premium calculator to estimate loan EMIs.
SBI Deposit Account Features
State Bank of India (SBI) offers a variety of deposit accounts, including Fixed Deposits (FDs) and Recurring Deposits (RDs), with minimum investment starting from ₹1,000 for FDs and ₹100 for RDs. These accounts provide secure investment options for both resident Indians and Non-Resident Indians (NRIs).
As of June 2026, SBI’s domestic retail term deposits (below ₹2 crore) for the general public offer interest rates ranging from 3.05% to 6.40% p.a., while senior citizens receive 3.55% to 7.05% p.a. (Source: SBI Bank).
- Fixed Deposit (FD) Schemes: SBI offers FDs with tenures from 7 days to 10 years, including specialized options like the Green Rupee Term Deposit and the SBI Tax Savings Scheme, 2006 (under Section 80C). The minimum deposit for an FD is ₹1,000.
- Recurring Deposit (RD) Schemes: RDs allow regular, fixed deposits over a chosen period, starting from ₹100 per month. As of June 15, 2026, general citizens can earn 4.50% to 7.00% p.a., and senior citizens 5.00% to 7.50% p.a. On RDs.
- Special Deposit Schemes: The Amrit Vrishti Scheme (444-day tenure) offers a special interest rate of 6.45% p.a. For general citizens and 6.95% p.a. For senior citizens as of 2026.
- Senior Citizen Benefits: Senior citizens receive an additional 0.50% p.a. Interest on all FD tenures. Super Senior Citizens (SBI Patrons) get an extra 10 basis points above this existing premium.
- Loan Against Deposits: SBI provides a loan facility against FDs, allowing borrowers to access funds without breaking their deposit. The interest rate on a loan against FD is typically 1% more than the relative time deposit rate. Online overdraft against FD ranges from ₹5,000 to ₹5 crore.
- Premature Withdrawal Penalties: For domestic retail term deposits, a penalty of 0.50% or 1% below the applicable rate applies for premature withdrawals, effective from April 1, 2017.
Understanding these features helps investors choose the most suitable SBI deposit account for their financial goals.
Key Takeaways
- SBI offers FD rates from 3.05% to 6.40% p.a. For general public and 3.55% to 7.05% p.a. For senior citizens as of June 2026.
- The Amrit Vrishti Scheme (444 days) provides a high interest rate of 6.45% p.a. For general citizens in 2026.
- Investors can avail loans against their FDs, with amounts ranging from ₹5,000 to ₹5 crore for online overdrafts.
Compare current SBI interest rates and scheme features before opening a deposit account.
Frequently Asked Questions (FAQs)
What are the SBI FD interest rates for 2026?
As of June 2026, SBI offers fixed deposit interest rates ranging from approximately 3.05% p.a. to 6.40% p.a. for the general public. These rates apply to tenures from 7 days to 10 years, with specific rates varying by deposit amount and tenure. Senior citizens typically receive an additional 0.50% p.a. premium on these rates.
Does SBI offer special FD schemes for senior citizens in 2026?
Yes, SBI offers preferential rates for senior citizens, providing an additional 0.50% p.a. interest on domestic FDs. The bank also has the ‘SBI We-Care’ scheme, which offers an extra premium on FDs for senior citizens for specific long-term tenures. Super Senior Citizens (SBI Patrons) may receive an additional 0.10% p.a. premium above the standard senior citizen rate.
What is the SBI Amrit Vrishti Scheme 2026?
The SBI Amrit Vrishti Scheme, also known as the SBI 444-day scheme, is a special fixed deposit product offering enhanced interest rates for a specific tenure of 444 days. This scheme is designed to provide attractive returns for short to medium-term investments. You can invest in this scheme for both new deposits and renewals of maturing accounts.
Can I get a loan against my SBI Fixed Deposit in 2026?
Yes, SBI allows customers to avail loans or overdraft facilities against their fixed deposits. You can typically borrow up to 90% of the FD value, with interest rates usually 1% to 1.50% p.a. above the FD interest rate. For online overdrafts against FD, the loan amount can range from ₹5,000 to ₹5 crore.
Are SBI FD interest rates different for bulk deposits in 2026?
Yes, SBI offers specialized interest rates for domestic bulk term deposits of ₹3 crore and above. As of July 15, 2026, these rates can differ from standard retail FD rates and are subject to specific adjustments. The bank may revise these bulk deposit rates independently of retail rates, as seen with a 0.25% cut across certain tenors in May 2026.
What are the SBI RD interest rates for 2026?
SBI Recurring Deposit (RD) interest rates for 2026 generally align with its fixed deposit rates for similar tenures. As of June 2026, these rates typically range from about 3.05% p.a. to 6.40% p.a. for the general public. Senior citizens also receive an additional 0.50% p.a. on their RD investments.
Does SBI offer tax-saving FDs in 2026?
Yes, SBI offers a tax-saving fixed deposit scheme called the ‘SBI Tax Savings Scheme, 2006’. Investments in this scheme qualify for tax benefits under Section 80C of the Income Tax Act, 1961, allowing deductions up to ₹1.5 lakh per financial year. These FDs typically have a lock-in period of 5 years.
