| Deposit Amount Range | Tenure Range | Interest Rate |
| Up to ₹2 Cr | 1 Year to 10 Years |
5.75% - 6.85% (Quarterly Compounding) |
Features: Premature withdrawal
Tax savings
NRO deposit friendly
Credit Rating: FAAA
Number of Nominees: 1
Institution type: Public Sector Bank
SBI Term Deposit rates: Below Rs. 2 Crore
NRO TERM DEPOSITS With effect from 22nd February, 2019*
|
Tenors |
Below Rs.2 Crore |
||||||
|
7 days to 45 days |
5.75% |
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|
46 days to 179 days |
6.25% |
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|
180 days to 210 days |
6.35% |
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|
211 days to less than 1 year |
6.40% |
||||||
|
1 year to less than 2 years |
6.80% |
||||||
|
2 year to less than 3 years |
6.80% |
||||||
|
3 years and upto 5 years |
6.80% |
||||||
|
5 years and upto 10 years |
6.85% |
||||||
|
Premature withdrawal |
No interest is payable if the deposit is withdrawn before 7 days.
The interest shall be 0.50% or 1% below the rate applicable at the time of Deposits for the period Deposit has remained with the Bank or 0.50% or 1% below the contracted rate, whichever is lower. |
SBI Term Deposit rates: Rs.2 crore to Rs.10 crore
NRO TERM DEPOSITS With effect from 22nd February, 2019*
|
Tenors |
Rs.2 Crore & upto 10 Crores |
|
7 days to 45 days |
5.75% |
|
46 days to 179 days |
6.25% |
|
180 days to 210 days |
6.35% |
|
211 days to less than 1 year |
6.40% |
|
1 year to less than 2 years |
6.70% |
|
2 year to less than 3 years |
6.75% |
|
3 years and upto 5 years |
6.80% |
|
5 years and upto 10 years |
6.85% |
|
Premature withdrawal |
· No interest is payable if the deposit is withdrawn before 7 days. · On pre-mature withdrawal of the deposit (after completion of 7 days), interest will be paid at applicable rate for the period the deposit has actually remained with the Bank or contracted rate less Premature Penalty of 1%, whichever is lower. |
SBI Fixed Deposit interest rates: Above Rs.10 crore
NRO TERM DEPOSITS With effect from 22nd February, 2019*
|
Tenors |
Above Rs.10 Crores |
|
7 days to 45 days |
5.75% |
|
46 days to 179 days |
6.25% |
|
180 days to 210 days |
6.35% |
|
211 days to less than 1 year |
6.40% |
|
1 year to less than 2 years |
6.70% |
|
2 year to less than 3 years |
6.75% |
|
3 years and upto 5 years |
6.80% |
|
5 years and upto 10 years |
6.85% |
|
Premature withdrawal |
· No interest is payable if the deposit is withdrawn before 7 days. · On pre-mature withdrawal of the deposit (after completion of 7 days), interest will be paid at applicable rate for the period the deposit has actually remained with the Bank or contracted rate less Premature Penalty of 1%, whichever is lower. |
SBI Short-Term Fixed Deposit rates
- Tenure range: 7 days to 1 year
- Maximum interest rate: 6.40% p.a.
- Rates available: 5.75% p.a. to 6.40% p.a.
SBI Medium-Term Deposit rates
- Tenure band: 1 year to 5 years
- Rate of interest: 6.80% p.a.
SBI Long-Term FD interest rates
- Maturity period: 5 years to 10 years
- Highest SBI FD rate: 6.85% p.a.
SBI NRI FD
The State Bank of India (SBI) offers attractive interest rates and a wide range of tenure options on all fixed deposits for Non-Resident Indians. NRIs often look towards India to create a savings pool and also enjoy a host of other benefits such as tax exemption. Some of the best investments options for NRIs are Non-Resident Ordinary (NRO) fixed deposits, Non-Resident External (NRE) fixed deposit and Foreign Currency Non Repatriable (FCNR) fixed deposits. SBI offers both ordinary term deposits and special term deposits for NRIs. These schemes come with different interest payout options. Customers can also avail tax exemption on the interest earned on NRE fixed deposits.
Taking Loans Against SBI FDs
All State Bank of India (SBI) customers are eligible to take a loan of their Fixed Deposit (FD) without any hassle at the time of a financial emergency.
Customers can avail this facility with no penalties, processing or prepayment charges. Loans can be availed on up to 90% of the term deposit held and SBI also provides its customers the benefit of overdraft. Loans on FDs can be taken through internet banking or by visiting the respective SBI branch. The maximum amount that can be taken as a loan or an overdraft is Rs.5 crore while the minimum amount Tis Rs.25,000.
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Source: SBI official Website
Updated: 28/03/2019
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