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SBI BankFixed Deposit

2.90% - 5.40%
Interest rates
3 Months - 10 Years
Time Period
1000 - No Limit
Min. - Max amount
QUARTERLY
Compounding

About SBI Bank

SBI, short for State Bank of India, is the largest Indian bank with a customer base of about 42 crores. It is headquartered in Mumbai and offers its customers a variety of products and services including savings accounts, fixed deposits, loans, and credit cards. Customers can park their surplus savings in multiple fixed deposit account options and enjoy attractive interest on them over a certain period. The depositor just needs to deposit the amount at the time of opening the account and choose a tenure that seems feasible to them. During the ongoing tenure, customers are not allowed to deposit any more money or withdraw either.

The FDs provided by SBI have been rated as FAAA/Stable by CRISIL. This implies that the FD offered by SBI is stable, and generates guaranteed and timely returns.

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Started On1952
Head QuartersMumbai
CRISIL RatingFAAA
CEODinesh Kumar khara
Listed on exchange asState Bank of India
ICRA RatingMAAA

Latest SBI Bank Interest Rates

TenureRegular customersSenior citizens
7 days – 45 days
2.90%
3.40%
46 days – 179 days
3.90%
4.40%
180 days – 210 days
4.40%
4.90%
211 days – 364 days
4.40%
4.90%
1 year – 1 year 364 days
4.90%
5.40%
2 years – 2 years 364 days
5.10%
5.60%
3 years – 4 years 364 days
5.30%
5.80%
5 years – 10 years
5.40%
6.20%

Features & Benefits of SBI Bank

  • The SBI FD tenures range from 7 days to 10 years
  • The minimum deposit amount needed to open an FD in SBI is Rs. 1000, however, there is no limit on the maximum deposit
  • Senior citizens can avail of a 0.50% extra interest rate for an amount exceeding Rs. 10,000
  • SBI provides a nomination facility so that the depositor can nominate his/her family members or spouse to collect the maturity amount.
  • Auto-renewal facility is available on the deposit
  • Loan against FD facility is also available
  • TDS is deducted at the prevalent rate at source if Form 15G/15H is not submitted.

Types of SBI Bank Schemes

SBI Tax Saving Scheme
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Reinvestment Plan
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SBI Multi Option Deposit Scheme
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Money Multiplier Plan
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Regular Fixed Deposit
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Flexi Deposit Scheme
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Term-wise interest rates

Short-term Deposits
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Medium-term Deposits
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Long-term Deposits
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Comparison of FD Rates

NameTenureInterest rate
AXIS Bank
3 months - 10 years
2.50% - 5.75%
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Equitas Bank
3 months - 10 years
3.50% - 6.50%
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Bajaj Finance
1 year - 5 years
5.65% - 6.50%
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HDFC Bank
3 months - 10 years
2.50% - 5.50%
More Details
ICICI Bank
3 months - 10 years
2.50% - 5.50%
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Canara Bank
3 months - 10 years
2.95% - 5.50%
More Details
Bank of Baroda
3 months to 10 years
2.80% - 5.25%
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Punjab National Bank
3 months - 10 years
3.00% - 5.25%
More Details
IDBI Bank
3 months - 20 years
2.70% - 4.80%
More Details
Indian Bank
3 months - 10 years
2.90% - 5.25%
More Details
UCO Bank
3 months - 10 years
2.75% - 5.00%
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Yes Bank
3 months - 10 years
3.25% - 6.50%
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Bank of India
3 months - 10 years
2.85% - 5.15%
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Post Office
1 year - 5 years
5.50% - 6.70%
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Union Bank of India
3 months - 10 years
3.00% - 5.60%
More Details
RBL Bank
3 months -20 years
3.25% - 6.00%
More Details
Indian Overseas Bank
3 months - 10 years
3.40% - 5.20%
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IDFC First Bank
3 months - 10 years
2.75% - 4.20%
More Details
LIC
1 Year - 5 Years
5.25% -6.00%
More Details
Saraswat Bank
3 Months - 10 Years
3.10% - 6.35%
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City Union Bank
3 Months - 10 Years
3.00% - 5.25%
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Co-operative Banks
1 Year -5 Years
6.00% - 6.35%
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Bandhan Bank
3 months - 10 years
3.00% - 5.00%
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DBS Bank
3 months - 10 years
2.50% - 5.50%
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Citibank
3 months - 5 years
1.85% - 3.5%
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ICICI Home Finance
1 year - 10 years
5.70% - 6.65%
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Federal Bank
3 months - 10 years
2.5% - 5.6%
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AU Small Finance Bank
3 months - 10 years
3.5% - 6.25%
More Details
Fincare Small Finance Bank
3 months - 7 years
3.00% - 5.50%
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Jana Small Finance Bank
3 months - 10 years
2.5% - 6%
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Ujjivan Small Finance Bank
3 months - 10 years
3.05% - 5.80%
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Utkarsh Small Finance Bank
3 months - 10 years
3.00% - 6.75%
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Karnataka Bank
3 months - 10 years
3.40% - 5.60%
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Karur Vysya Bank
3 months - 10 years
3.25% - 3.50%
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Jammu and Kashmir Bank
3 months - 10 years
2.90% - 4.00%
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South Indian Bank
3 months - 10 years
3.50% - 5.50%
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Punjab and Sind Bank
3 months - 10 years
3.00% - 5.30%
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Standard Chartered Bank
7 days - 5 years
1.75% - 5.35%
More Details
HSBC Bank
7 days - 5 years
2.25% - 4.00%
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Shriram Transport Finance
1 year - 5 years
7.01% - 7.95%
More Details
Tamilnad Mercantile Bank
3 months - 10 years
3.50% - 5.50%
More Details
IndusInd Bank
3 months - 10 years
2.50% - 5.50%
More Details
Bank of Maharashtra
3 months to 10 years
2.75% -4.90%
More Details
Central Bank of India
3 months - 10 years
2.75% - 5.00%
More Details
Kotak Mahindra Bank
3 months - 10 years
2.50% - 5.25%
More Details
DHFL
1 year - 10 years
8.25% - 8.95%
More Details
DCB Bank
3 months - 10 years
4.35% - 5.95%
More Details

FAQs

What is the Tenure Range for SBI FD Account?

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Who is eligible to invest in SBI Fixed Deposits?

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What is the criteria and penalty for premature withdrawals?

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Can I close an SBI FD account online?

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What are some of the highest SBI FD interest rates in 2021?

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Can an extra amount be deposited into my FD account?

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Calculate SBI Bank FD Interest
Investment Amount
₹25,000
Time Period
9 Months
1 Year
2 Years
3 Years
Maturity Amount
SBI Bank
0
@5% p.a
Get higher interest rates
online upto 0%
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