SBI FD Interest Rates – Recently, customers have got a big shock from SBI (State Bank of India). Actually, the bank has reduced the FD rates by so many basis points in all tenures for common people and senior citizens. This is the second time just a month after the last cut… Due to which now this much interest will be available on FD-
State Bank of India has given a shock to its customers, reducing the fixed deposit (FD) interest rates from May 16, 2025. The bank has reduced the FD rates by 20 basis points (bps) in all tenures for both common people and senior citizens. This is the second time just a month after the last cut, when SBI has reduced the interest on FD.
Interest rates on FDs after cut –
After the 20 bps cut by SBI across all tenures, SBI will offer interest rates on FDs between 3.30% and 6.70% per annum (without special FDs) for general citizens for amounts less than Rs 3 crore. Earlier, SBI (SBI Bank FD Rates) was offering interest ranging from 3.50% to 6.9% per annum on FDs with tenures ranging from 7 days to 10 years.
| Tenor | Revised rate (general public) | Revised rate (senior citizen) |
|---|---|---|
| 7 days to 45 days | 3.30% | 3.80% |
| 46 days to 179 days | 5.30% | 5.80% |
| 180 days to 210 days | 6.05% | 6.55% |
| 211 days to less than 1 yr | 6.30% | 6.80% |
| 1 yr to less than 2 yrs | 6.50% | 7.00% |
| 2 yrs to less than 3 yrs | 6.70% | 7.20% |
| 3 yrs to less than 5 yrs | 6.55% | 7.05% |
| 5 yrs to 10 yrs | 6.30% | 7.30% |
Special FD interest rates also cut-
SBI has cut the interest rate on its special FD scheme Amrit Vrishti by 20 bps. Now the interest rate on this 444-day scheme for the general public has come down from 7.05% to 6.85%. Senior citizens get interest rates between 4% to 7.50% including SBI We Care, while on the special FD scheme they get a rate of 7.35% per annum. Super senior citizens aged 80 years and above will now get an interest rate of 7.45% per annum.
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