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Chandigarh: State Bank of India (SBI), the country’s largest public sector lender, has revised its fixed deposit (FD) interest rates for select short-term tenures, effective July 15, 2025. The move comes as part of the bank’s periodic review of deposit rates and follows trends in liquidity management and market conditions.
The revision impacts short-term deposits ranging from 46 days to less than one year, while interest rates for all other tenures remain unchanged.
What Has Changed?
SBI has cut interest rates by 15 basis points (0.15%) for general customers as well as senior citizens for the affected tenures.
New FD Rates for General Public:
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46 days to 179 days: 4.90% (earlier 5.05%)
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180 days to 210 days: 5.65% (earlier 5.80%)
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211 days to less than 1 year: 5.90% (earlier 6.05%)
Revised FD Rates for Senior Citizens:
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46 days to 179 days: 5.40%
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180 days to 210 days: 6.15%
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211 days to less than 1 year: 6.40%
Note: Senior citizens continue to enjoy an additional 50 basis points over regular rates.
Rates for Other Tenures Remain Unchanged
For longer durations, the FD rates remain the same:
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1 year to less than 2 years: 6.25% (general) | 6.75% (senior citizens)
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2 years to less than 3 years: 6.45% | 6.95%
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3 years to less than 5 years: 6.30% | 6.80%
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5 years to 10 years: 6.05% | 7.05% (includes SBI WeCare premium for senior citizens)
SBI Non-Callable FD Rates (₹1.01 Crore to < ₹3 Crore)
For large deposits under non-callable FD schemes, rates remain attractive:
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1 Year: 6.55% (general) | 7.05% (senior citizens)
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2 Years: 6.85% | 7.35%
Special Scheme – Amrit Vrishti FD
SBI’s Amrit Vrishti FD scheme, which offers special tenure of 444 days, will now provide an interest rate of:
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6.60% for general public (earlier 6.85%)
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Senior citizens receive 50 bps extra, while super senior citizens (80+) enjoy an additional 10 bps premium on eligible deposits.
Why the Rate Cut?
Industry experts note that the revision comes amid stable inflation, easing credit demand in short-term segments, and adequate liquidity in the banking system. The move aligns SBI’s short-term deposit offerings with broader market trends and interest rate expectations.
Impact on Investors
The reduction primarily affects depositors who prefer short-term FDs for liquidity and safety. However, longer-tenure rates remain unchanged, offering opportunities for those seeking consistent returns.
Senior citizens, despite the rate cut, continue to benefit from preferential rates and additional premiums under schemes like SBI WeCare, making SBI FDs an attractive option for risk-averse investors.
Latest SBI FD Rate Table
| Tenure | General Public | Senior Citizen |
|---|---|---|
| 7 days to 45 days | 3.05% | 3.55% |
| 46 days to 179 days | 4.90% | 5.40% |
| 180 days to 210 days | 5.65% | 6.15% |
| 211 days to less than 1 year | 5.90% | 6.40% |
| 1 year to less than 2 years | 6.25% | 6.75% |
| 2 years to less than 3 years | 6.45% | 6.95% |
| 3 years to less than 5 years | 6.30% | 6.80% |
| 5 years to 10 years | 6.05% | 7.05%* |
(*Includes premium under SBI WeCare for senior citizens.)
Bottom Line
While short-term FD investors may feel the pinch of lower returns, SBI continues to offer competitive rates across long-term deposits. With its solid safety profile and additional benefits for senior citizens, SBI remains a preferred choice for conservative investors seeking stable, low-risk returns.
For More Details:
Visit the official SBI website or your nearest branch to check revised rates and available FD options.
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