Revision in Interest Rates on Retail Domestic Term Deposits (Below Rs. 3 crore) at State Bank of India : (Rates in
% p.a)
Image : Chat gpt
| Tenors (Period) | Existing Rates for Public w.e.f. 15/06/2025 |
Revised Rates for Public w.e.f.15/07/2025 |
Existing Rates for Senior Citizen w.e.f. 15/06/2025 |
Revised Rates for Senior Citizen w.e.f. 15/07/2025 |
| 7 days to 45 days | 3.05 | 3.05 | 3.55 | 3.55 |
| 46 days to 179 days | 5.05 | 4.90 | 5.55 | 5.40 |
| 180 days to 210 days | 5.80 | 5.65 | 6.30 | 6.15 |
| 211 days to less than 1 year | 6.05 | 5.90 | 6.55 | 6.40 |
| 1 Year to less than 2 years | 6.25 | 6.25 | 6.75 | 6.75 |
| 2 years to less than 3 years | 6.45 | 6.45 | 6.95 | 6.95 |
| 3 years to less than 5 years | 6.30 | 6.30 | 6.80 | 6.80 |
| 5 years and up to 10 years | 6.05 | 6.05 | 7.05* | 7.05* |
*Including additional premium of 50 bps under ”SBI We-care”
deposit scheme.
| NON-CALLABLE TERM DEPOSIT RETAIL (From Rs.1.01 cr to less than Rs.3.00 cr) |
||||
| Tenors | General Public |
Senior Citizen |
||
| 1 Year | 0.30% above Card Rate | 6.55% | 7.05% | |
| 2 Years | 0.40% above Card Rate | 6.85% | 7.35% | |
The interest rate of specific tenor scheme of “Amrit Vrishti”(444 days) has also been revised from 6.85% to 6.60% wef 15-June-2025. Senior Citizens and Super Senior Citizens are eligible for their additional benefits in rate of interest.
SBI Patrons: An additional benefit of 10 bps is applicable for Super Senior Citizens (80 years and above) over the interest rate applicable for senior citizens. The scheme is not applicable to Recurring Deposit Scheme, Green Rupee Term Deposit, Tax Savings Scheme 2006, MODS, Capgain Scheme and Non-Callable Term Deposits.
SBI GREEN RUPEE TERM DEPOSIT is available for three specific tenors of 1111, 1777 & 2222 days, at 10 bps below Card Rate.
Last Updated On : Monday, 14-07-2025.
भारतीय स्टेट बैंक विविध ऋण और जमा योजनाओं पर पेश विविध ब्याज दरों की सूचना उपलब्ध कराता है।
“कृपया भारतीय स्टेट बैंक की 24X7 हेल्पलाइन का टॉल फ्री 1800 1234, 1800 11 2211, 1800 425 3800 या टॉल नंबर 080-26599990 का संपर्क करें। इनसे देश में सभी लेन्डलाइन और मोबाइल फोन से संपर्क किया जा सकता है।”
रुपए में दिए गए सभी घरेलू ऋण एवं अग्रिम के लिए वार्षिक ब्याज की गणना 365 दिनों (लीप वर्ष सहित) के आधार पर की जाएगी।
Method of Calculation of Interest Rates on Deposits :
- a) Bank is offering rate of interest on Savings Bank deposit as approved by ALCO from time to time: presently bank is offering fixed interest rate.
- b) In Savings Bank, interest is payable at calendar quarter intervals.
- c) Interest on Term Deposits is calculated at quarterly intervals and paid at the rate decided by the Bank depending upon the period of deposits. In case of monthly payment, the interest shall be calculated for the quarter and paid at discounted rate. For any broken period i.e., remaining days after completed quarters and deposits of less than a quarter, interest is calculated on daily product basis and a year comprises of 365 days. Interest on Term Deposits is also paid on calendar quarter basis at the request of depositors.
- d) For Deposits maturing on non-business working day, such deposits would be eligible for interest payment for the intervening period as detailed below:
- If a Term Deposit is maturing for payment on a non-business working day, interest shall be paid at the originally contracted rate on the original principal deposit amount for the non-business working days, intervening between the date of the maturity of the specified term of the deposit and the date of payment of the proceeds of the deposit on the succeeding working day.
- In case of Special Term Deposits i.e., reinvestment deposits and recurring deposits, interest shall be paid for the intervening non-business working day on the maturity value.
- If Term Deposits matures and proceeds are unpaid, the amount left unclaimed with the bank shall attract rate of interest as applicable to savings account or the contracted rate of interest on the matured Term Deposit whichever is lower.
- e) FCNR(B) Deposit:
- FCNR (B) deposits interest is calculated and paid at intervals of 180 days each and thereafter for the remaining actual number of days, based on 360 days to a year. The depositor also has the option to receive interest on maturity with compounding effect.
- Interest on balance held in FCNR (B) accounts may be paid half-yearly or on an annual basis as desired in the designated currency in which the deposit was made.
Note : Source : As taken from the site of State Bank of India
===============================================================================================
Very Useful Information.
Link added of the website of the Bank and Govt is a good idea and enable us to visit their site directly.
Useful, however a loss for me who depends on interest income
Useful information for planning one’s daily life income / expenses.
Good, very useful update. Thanks.