The State Bank of India (SBI) has revised its fixed deposit (FD) interest rates in April 2025, affecting millions of investors across the country. Whether you are a senior citizen relying on FD interest as a regular source of income or a salaried professional seeking stable returns, this rate change could impact your financial planning.
SBI, India’s largest public sector bank, last revised its FD rates in December 2023. With the new changes now in effect from April 15, 2025, investors must understand how much interest they can expect to earn.
SBI FD Rates April 2025
| Feature | Details |
|---|---|
| Effective From | April 15, 2025 |
| New FD Interest Rate (1–2 years) | 6.70% for general public, 7.20% for senior citizens |
| Highest FD Rates | 7.10% (400-day Amrit Kalash scheme) |
| Senior Citizen Benefit | Additional 0.50% interest on most FD tenures |
| Special Scheme | Amrit Kalash (400 days), Amrit Vrishti (444 days) with higher returns |
| Official Website | sbi.co.in |
With the latest SBI FD interest rate cut, investors should assess their financial goals before locking in funds. While the bank still offers safe and steady returns, options like Amrit Kalash and Amrit Vrishti provide slightly better yields. Senior citizens benefit most with higher rates under the We-care scheme.
Understanding the Latest SBI FD Interest Rates
SBI has reduced FD rates for select tenures while keeping others unchanged. The changes are applicable to deposits below ₹3 crore. Here is the updated interest rate chart:
Regular FD Interest Rates (General Public)
| Tenure | Interest Rate |
|---|---|
| 7 days to 45 days | 3.50% |
| 46 days to 179 days | 5.50% |
| 180 days to 210 days | 6.25% |
| 211 days to less than 1 year | 6.50% |
| 1 year to less than 2 years | 6.70% |
| 2 years to less than 3 years | 6.90% |
| 3 years to less than 5 years | 6.75% |
| 5 years to 10 years | 6.50% |
FD Interest Rates for Senior Citizens
Senior citizens get an additional 0.50% on regular rates, and an extra 0.10% under the “SBI We-care” scheme for long-term deposits.
| Tenure | Interest Rate |
|---|---|
| 7 days to 45 days | 4.00% |
| 46 days to 179 days | 6.00% |
| 180 days to 210 days | 6.75% |
| 211 days to less than 1 year | 7.00% |
| 1 year to less than 2 years | 7.20% |
| 2 years to less than 3 years | 7.40% |
| 3 years to less than 5 years | 7.25% |
| 5 years to 10 years | 7.50%* |
SBI Special FD Schemes in 2025
SBI is also running limited-period special FD schemes offering higher interest rates than regular plans.
1. Amrit Kalash (400 days)
- General Public: 7.10%
- Senior Citizens: 7.60%
- Maturity: 400 days
- Availability: Limited time
2. Amrit Vrishti (444 days)
- General Public: 7.05%
- Senior Citizens: 7.55%
- Super Seniors: 7.65%
These schemes are ideal for investors seeking short-term deposits with higher returns.
see also: SBI Bank’s Big Gift to Customers: Deposit ₹3 Lakh in FD and Get ₹4,34,984
Practical Example: How Much Interest Will You Earn?
Suppose you invest ₹1,00,000 in a 1-year FD at the new rate of 6.70%:
- Interest earned (general public): ~₹6,700
- Interest earned (senior citizen): ~₹7,200
If you invest in the Amrit Kalash scheme, the return is slightly better:
- ₹1,00,000 @ 7.10% = ~₹7,100 in 1 year and 35 days
SBI We-Care Deposit Scheme
This is designed exclusively for senior citizens. It provides an additional 0.10% over the standard 0.50% extra for senior citizens on FDs with 5 to 10-year tenure.
- Applicable Interest: 7.50%
- Encourages long-term saving with stable income
Premature Withdrawal and Loan Against FD
Premature Withdrawal Penalty
- 0.50% for deposits below ₹5 lakh
- 1% for deposits above ₹5 lakh
Loan Against FD
- SBI offers loans up to 90% of the FD value
- Interest rate: FD interest + 1%
- Useful in emergencies without breaking FD
Who Should Invest in SBI FDs Now?
SBI FDs are best suited for:
- Retirees & senior citizens: Stable returns + extra interest
- Conservative investors: Low risk with guaranteed returns
- People with short-term goals: 1–2 year FDs or special schemes
However, if you’re seeking inflation-beating returns or tax-saving benefits, you might also consider:
- RBI Floating Rate Bonds
- Post Office Time Deposits
- Senior Citizens Savings Scheme (SCSS)
- Tax-saving FDs (5-year lock-in)
How to Open an SBI FD
You can open an FD via:
- YONO SBI app
- Net Banking
- Visiting a branch
Steps to Open an FD Online (via YONO)
- Log in to your YONO app
- Click on “Deposits”
- Choose “Fixed Deposit”
- Select the FD scheme and tenure
- Enter the amount and confirm
see also: Now You Will Get 9% Interest on FD – These Banks Have Updated the Rates
SBI FD Rates April 2025 FAQs
1. What is the minimum amount for an SBI FD?
Minimum deposit is ₹1,000.
2. Are SBI FDs safe?
Yes. SBI is a government-backed bank, and FDs are insured up to ₹5 lakh under DICGC.
3. Can NRIs invest in SBI FDs?
Yes, under NRE and NRO accounts with different interest structures.
4. Is the FD interest taxable?
Yes. Interest income is added to your total income and taxed per your slab. TDS applies above ₹40,000/year for general investors.
5. Is auto-renewal available for SBI FDs?
Yes. You can opt for auto-renewal at the time of booking.
