SBI offers some of the most attractive and sought after Fixed Deposit (FD) schemes in the country.

Fixed deposits rate in SBI

1. Short-term Fixed Deposit Rates

SBI offers short-term deposits from interest rates of 5.25% p.a. – 7.25% p.a., quarterly compounded.

The shortest term available is 30 days, which offers a 5.25% annual rate of interest.

2. Medium and Long-term Fixed Deposit Rates

Fixed Deposits that feature tenures of more than a year, up to 5 years, have interest rates ranging from 7.0% p.a. -7.5% p.a

The term could be for 1.6, 2, 3, 4, and 5 years. While the rates for these tenures hover around 7.0% p.a

3. SBI Reinvestment Plan Rates

They offer some of the most sought after fixed deposits in the country.

The tenure for this kind of deposit will be minimum of 6 months - maximum of 10 years.

Reinvestment Plan Rates

Deposit tenure General Public and NROs State Bank Staff

6 - 9 Rs. 103.4035 - Rs. 105.3424 Rs. 103.9125 - Rs. 106.1208

12 - 24 Rs. 107.4495 - Rs. 116.0222 Rs. 108.5088 - Rs. 118.3196

36 - 48 Rs. 123.1439 - Rs. 131.9929 Rs. 126.8242 - Rs. 137.2786

60 - 72 Rs. 141.4778 - Rs. 151.6443 Rs. 148.5947 - Rs. 160.8437

84 - 96 Rs. 162.5413 - Rs. 174.2213 Rs. 174.1024 - Rs. 188.4541

108 - 120 Rs. 186.7407 - Rs. 200.1597 Rs. 203.9887 - Rs. 220.8040

4. Senior Citizens FD Rates

Most banks offer higher rates of interest for senior citizens, with SBI the rates of interest range from 5% for a 30 day term to 7.25% for a 5 year FD.