New Delhi: State Bank of India (SBI) is the biggest bank in India. Millions of people trust SBI with their savings. One of the most popular ways to save money is through a Fixed Deposit, or FD.
In 2025, SBI has kept its FD interest rates mostly stable. The bank last changed its rates on July 15, 2025. If you are planning to save your money, it is important to know these new rates. This article gives you all the details about SBI FD rates in 2025.
What is a Fixed Deposit?
A Fixed Deposit is a simple and safe saving tool.
- You give a lump sum of money to the bank.
- You lock this money for a fixed time. This time is called the ‘tenure’.
- The tenure can be short, like 7 days. It can also be long, like 10 years.
- The bank pays you interest on this money.
- After the tenure is over, you get your money back, along with the interest.
People like FDs because they are safe. The returns are guaranteed. They give more interest than a regular savings account.
Latest SBI FD Rates 2025 (For General Public)
These rates are for deposits of less than ₹3 crore. The rates are per year.
- 7 days to 45 days: 3.05%
- 46 days to 179 days: 4.90%
- 180 days to 210 days: 5.65%
- 211 days to less than 1 year: 5.90%
- 1 year to less than 2 years: 6.25%
- 2 years to less than 3 years: 6.45%
- 3 years to less than 5 years: 6.30%
- 5 years to 10 years: 6.05%
As you can see, the rates change based on the time.
Good News for Senior Citizens
Banks always give extra benefits to senior citizens. A senior citizen is anyone aged 60 years or more.
SBI gives an extra 0.50% interest to senior citizens on all FDs.
Here are the rates for senior citizens:
- 7 days to 45 days: 3.55%
- 46 days to 179 days: 5.40%
- 180 days to 210 days: 6.15%
- 211 days to less than 1 year: 6.40%
- 1 year to less than 2 years: 6.75%
- 2 years to less than 3 years: 6.95%
- 3 years to less than 5 years: 6.80%
Special SBI FD Schemes in 2025
SBI also has special FD schemes. These schemes offer higher interest rates.
1. SBI ‘Amrit Vrishti’ Scheme
This is a special, limited-time deposit.
- Tenure: 444 days
- Interest for General Public: 6.60%
- Interest for Senior Citizens: 7.10%
This rate is higher than the regular FD rates for a similar period.
2. SBI ‘WeCare’ Deposit Scheme
This scheme is only for senior citizens. It is made for long-term savings.
- Who: Only for Senior Citizens.
- Tenure: 5 years to 10 years.
- Benefit: This scheme gives an extra 0.50% interest. This is on top of the 0.50% senior citizen benefit.
- Total Interest: A senior citizen gets a total of 1.00% extra interest.
- Final Rate: The rate for the general public is 6.05%. So, for senior citizens, the ‘WeCare’ rate is 7.05%.
3. ‘Amrit Kalash’ Scheme (Ended)
Many people ask about the Amrit Kalash scheme. This was a very popular 400-day FD. It offered 7.10% to the general public and 7.60% to seniors. Please note that this special scheme ended on March 31, 2025. It is no longer available for new investments.
How to Open an SBI FD
Opening an FD is very easy.
- Online: If you have SBI net banking or the YONO app, you can open an FD in 5 minutes. You can do it from your home.
- Offline: You can visit any SBI branch. You will need to fill a form. You will also need your PAN card and Aadhaar card for KYC.
A Warning About Tax (TDS)
You must remember that the interest you earn from an FD is taxable.
- This interest is added to your yearly income. You pay tax on it as per your tax slab.
- If your total interest from all FDs in a year is more than ₹40,000, the bank will cut TDS (Tax Deducted at Source).
- For senior citizens, this limit is higher. The limit is ₹50,000 per year.
If you do not earn enough money to pay tax, you can stop this TDS. You can give Form 15G (for general public) or Form 15H (for senior citizens) to the bank. This tells the bank not to cut tax.
Other New Bank Rules in November 2025
While saving, you should also know about new bank rules. From November 1, 2025, a new rule for bank accounts has started.
Before, you could only name one person as a nominee for your bank account. The nominee is the person who gets your money after your death.
Now, the government has changed this rule. You can now add up to four nominees for your deposit accounts. This is a good step. It can help reduce fights in the family. It makes it easier for your legal heirs to get the money.
Conclusion
For people who want safe returns, SBI FDs are a good choice in 2025. The rates are decent. The ‘Amrit Vrishti’ scheme for 444 days offers a good rate. For senior citizens, the ‘WeCare’ scheme gives a very good 7.05% return for long-term savings.
Before you invest, always check the latest rates on the official SBI website.
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