SBI Fixed Deposit - 0.00% for Banking Services - Fixed Deposits
Quick Apply
Submit your basic info and let us help you secure the best deal for your needs.
Last updated: 19 Sep 2025, 02:29 PM
SBI Fixed Deposit: Secure Wealth Growth with Trusted Returns
State Bank of India (SBI), India’s largest public sector bank, offers Fixed Deposits (FDs) as a safe, reliable investment option for guaranteed returns, backed by the bank’s strong financial stability and government support. SBI FDs are ideal for risk-averse investors seeking steady income or capital preservation.
In-Depth Details
Key Highlights
- Types Offered: Regular FD, Senior Citizen FD, Tax Saving FD (5-year lock-in), Special Schemes (e.g., SBI Amrit Kalash, SBI Sarvottam), Flexi FD, and Annuity Deposit Scheme—catering to short-term, long-term, and income-focused needs.
- Tenure: Ranges from 7 days to 10 years; special schemes like SBI Amrit Kalash (400 days) and SBI Sarvottam (1-2 years) offer higher rates.
- Interest Rates (as of Sep 2025):
- General Public: 3.5% (7-45 days) to 7.5% (3-5 years); SBI Sarvottam: up to 7.90% (2 years).
- Senior Citizens: Additional 0.5% (e.g., 8% for Sarvottam 2 years).
- Tax Saving FD: 7% (general), 7.5% (seniors) for 5 years.
- Minimum Deposit: ₹1,000 for regular FDs; ₹10,000 for special schemes; Tax Saving FD: ₹1,000 (max ₹1.5 lakh/year for tax benefits under Section 80C).
- Features: Flexible interest payout (monthly, quarterly, or at maturity); premature withdrawal (with penalty); overdraft/loan against FD up to 90% of value; auto-renewal; nomination facility.
- How to Open: Via SBI YONO app, Internet Banking, or branches; complete e-KYC (PAN, Aadhaar) for online setup; NRIs can open NRO/NRE FDs.
- Benefits: Guaranteed returns, high safety (DICGC insured up to ₹5 lakh), flexible tenures, tax-saving options, and senior citizen benefits; digital tools like FD Calculator for projections.
- Performance Metrics: SBI’s deposit base: ₹47.55 lakh crore (FY 2024-25); strong solvency and trust as India’s largest bank; competitive rates compared to peers (e.g., 7.9% for Sarvottam vs. 7.25% industry average for 2 years).
- Achievements: Recognized for financial inclusion and digital banking innovations; YONO app awarded ‘Best Mobile Banking App’ at Global Finance Awards 2024.
