The State Bank of India (SBI) is a nationalised government-owned bank. The Government of India owns 58.6% shares in SBI and the remaining is held by various shareholders. SBI has over 14,000 branches spread across the country, making its domestic presence massive, and it keeps increasing as it acquires more state banks

the details of the Fixed Deposit Schemes of the State bank Of India is given below

Fixed Deposit Schemes :

SBI Tax Savings Scheme,
Reinvestment Scheme
SBI MODS
Recurring Deposits
Annuity Deposit Scheme
SBI Flexi Deposit Scheme


Fixed Deposit Interest rates :


Duration of Deposit Regular Deposit
7 days to 45 days 5.5
46 days to 179 days 6.5
180 days to 210 days 6.75
211 days to less than 1 year 7
1 year to 455 days 7.25
456 days to less than 2 years 7.5
2 years to less than 3 years 7.5
3 years to less than 5 years 7
5 years and up to 10 years 7


Fixed Deposit Periods :

SBI Tax Savings Scheme, 2006: 5 - 10 years
Reinvestment Scheme: 6 - 10 years
SBI MODS: 1 - 5 years
Recurring Deposits: 1 - 10 years
Annuity Deposit Scheme: 3 - 10 Years
SBI Flexi Deposit Scheme: 5 - 7 years