State Bank of India (SBI) FD Rates: Current FD Interest Rates, RD Interest Rates, Single Term Deposit Rates for General, NRI & Senior Citizens. sbi bank recurring deposit interest rates.
Applicable Interest Rates on Savings Bank Deposits 2023
SB Deposit accounts with balances less than Rs.10 Crore = 2.70% p.a.
SB Deposit accounts with balances above Rs. 10 Crore & Above = 3.00% p.a.
Highlights
- 7.00% – 2 year to less than 3 year
- 7.50% – 1 years to less than 2 years for senior citizens
- 7.10% for 400 days (Special Scheme i.e. “ Amrit Kalash”)
SBI Fixed Deposit Interest Rates August 2023
| General Public | Senior Citizen | |||
|---|---|---|---|---|
| Tenors | Rates w.e.f. 15/02/2023 | Annualised Yield# | Rates w.e.f. 15/02/2023 | Annualised Yield# |
| 7 days to 45 days | 3.00 | 3.00 | 3.50 | 3.50 |
| 46 days to 179 days | 4.50 | 4.50 | 5.00 | 5.00 |
| 180 days to 210 days | 5.25 | 5.35 | 5.75 | 5.88 |
| 211 days to less than 1 year | 5.75 | 5.88 | 6.25 | 6.40 |
| 1 Year to less than 2 years | 6.80 | 6.98 | 7.30 | 7.50 |
| 2 years to less than 3 years | 7.00 | 7.19 | 7.50 | 7.71 |
| 3 years to less than 5 years | 6.50 | 6.66 | 7.00 | 7.19 |
| 5 years and up to 10 years | 6.50 | 6.66 | 7.50@ | 7.71 |
| 400 days (Special Scheme i.e. “ Amrit Kalash”) | 7.10 | 7.29 | 7.60 | 7.82 |
# Compounded Quarterly
@ Including additional premium of 50 bps under ”SBI We-care” deposit scheme.
The specific tenor scheme of “400 days” (Amrit Kalash) at Rate of Interest of 7.10 % w.e.f. 12- April- 2023. Senior Citizens are eligible for rate of interest of 7.60%. The Scheme will be valid till 31-December-2023.
The FD interest rate payable to SBI Staff and SBI pensioners will be 1.00% above the applicable rate. The rate applicable to all Senior Citizens and SBI Pensioners of age 60 years and above will be 0.25% above the rate payable for all tenors to resident Indian senior citizens i.e. SBI resident Indian Senior Citizen Pensioners will get both the benefits of Staff (1%) and resident Indian Senior Citizens (0.25%).
A special ‘SBI Wecare’ Deposit for Senior Citizens in the Retail TD segment wherein an additional premium of 50 bps over & above the existing 50 bps i.e. 100 bps over card rate for public (as indicated in the above table) will be paid to Senior Citizens on their retail TD for ‘5 Years and above’ tenor only. ‘SBI Wecare’ deposit scheme stands extended up to 31st March 2023.
Example
SBI offers a blueprint on the deposit interest rates for both regular account holders as well as the senior citizens. For an amount of Rs 2,20,000 at the rate of interest 6.80% with a tenure of 3 years for regular account holders the closing amount will round upto Rs 2,35,345 and for a senior citizen for the same amount and time period the interest on an amount of Rs 2,20,000 will be Rs 2,36,505 on quarterly compounding frequency.
Amount : 2,20,000
| Time period | ROI%regular | ROI%senior citizen | Maturity value(regular) | Maturity value(senior citizen) |
| 1 year | 6.70% | 7.20% | 2,35,114 | 2,36,272 |
| 2 years | 6.75% | 7.25% | 2,35,230 | 2,36,388 |
| 3 years | 6.80% | 7.30% | 2,35,345 | 2,36,505 |
Other Major FD Interest Rates & Calculator
- Check HDFC Bank FD Interest Rates Calculator
- Compare Bajaj Finserv Fixed Deposit Interest Rates
- Details About PNB Fixed Deposit Interest Rates Calculator
- Get Ratnakar Bank Fixed Deposit Interest Rates
State Bank of India Fixed Deposit Contact Number
Below are the Contact numbers which are provided by State Bank of India.
State Bank Bhavan, Madam Cama Road, Mumbai 400 021
Email: chairmansbi.customer@sbi.co.in
Call SBI’s 24X7 helpline number i.e.
- 1800 11 2211 (toll-free)
- 1800 425 3800 (toll-free)
- 080-26599990
Toll free numbers are accessible from all landlines and mobile phones in the country.”
