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SBI Online FD

Home Fixed Deposit SBI FD Rates SBI Fixed Deposit Online
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  • Safe & Secure FD, Insured by RBI

  • No Savings A/c Required

  • FD Starts from Rs 2000

  • Card Limit = 90% of FD

*Rates are subject to change as per the bank's discretion.

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Updated: 07-11-2024 06:39:25 AM

The customers of State Bank of India can open SBI Fixed Deposit online through SBI YONO app and SBI internet banking. The interest rates offered for online SBI fixed deposit are the same as that offered for fixed deposits opened through the bank branch or other offline modes. SBI offers fixed deposits at interest rates starting from 4.00%-7.60% p.a. to senior citizen depositors and 3.50%-7.10% p.a. to other resident depositors.

Looking for Higher FD rates? Book an FD @6.5% p.a. and get a lifetime free credit card

  • FDs of up to ₹5 lakhs insured by RBI

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SBI Online FD Interest Rate Highlights

Highest slab rate 7.10% p.a. (for 400 days)
For 1 year 6.80% p.a.
For 2 year 7.00% p.a.
For 3 year 6.75% p.a.
For 4 year 6.75% p.a.
For 5 year 6.50% p.a.
Tax-Saving FD 6.50% p.a.

Rates as of 7th November 2024

Earn 6.5% p.a. on your FD & Get a lifetime free Step Up Credit Card

  • Card limit is 90% of FD Amount

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How to Apply for SBI Fixed Deposit Online

Depositors can apply for online SBI Fixed Deposit either through SBI internet banking or through SBI YONO app.

Opening Online FD through SBI Net Banking

For opening online FD in SBI through net banking, depositors can visit the official website of SBI and login to the SBI account. There they can click on the fixed deposit option and select the type of deposit account. Depositors need to fill in the amount they wish to deposit and select the term deposit option, i.e., Term Deposit Receipt (non-cumulative) or Special Term Deposit Receipt (cumulative). The bank then asks for the tenure the depositor wants to create FD for. After entering the deposit tenure, they need to select the maturity instructions for the term deposit account (auto renewal principal and repay interest/repay principal and interest) and submit the application. Depositors can also verify the details before confirming the application.

Opening Online FD through SBI YONO app

To open SBI online FD through YONO app, depositors need to download the SBI YONO app on their mobile phones. They can login using their username and password and select the fixed deposit option. The depositors then need to specify the deposit amount and the type of account they would like to deposit for, followed by the deposit tenure. Lastly, they have to select the maturity instructions for term deposit account. Depositors can also review the complete fixed deposit application.

Alternatively, depositors can also open offline SBI FD by submitting the filled SBI FD form in the nearest bank branch with a minimum deposit of Rs 1,000.

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Comparison of Top 20 Scheduled Banks based on FD Rates


Banks		Highest
FD rate
(% p.a.)		1-year
FD rate
(% p.a.)		3-year
FD rate
(% p.a.)		5-year
FD rate
(% p.a.)		Additional
interest rate
for senior citizens
(% p.a.)
Unity Small Finance Bank9.007.858.158.150.50
North East Small Finance Bank9.007.009.006.250.50
Suryoday Small Finance Bank8.608.058.608.250.50
Shivalik Small Finance Bank8.556.007.506.500.50
Utkarsh Small Finance Bank8.508.008.507.750.60
Jana Small Finance Bank8.258.258.258.200.50
Ujjivan Small Finance Bank8.258.257.207.200.50
ESAF Small Finance Bank8.256.006.756.250.50
Equitas Small Finance Bank8.258.208.007.250.50
SBM Bank8.257.057.307.750.50
RBL Bank8.107.507.507.100.50
DCB Bank8.057.107.557.400.50
Bandhan Bank8.058.057.255.850.50-0.75
AU Small Finance Bank8.007.257.507.250.50
IDFC First Bank7.906.506.806.750.50
YES Bank7.757.257.257.250.50-0.75
Induslnd Bank7.997.757.257.250.50
Central Bank of India7.457.006.005.750.50
Punjab & Sind7.456.306.006.006.00
HDFC Bank7.406.607.007.000.50

SBI Fixed Deposit Interest Rates

SBI Fixed Deposit Interest Rates on Domestic Deposits of less than Rs 3 crore w.e.f. 15th June 2024

Tenors Interest Rates (p.a.)
General Public Senior Citizens
7 days to 45 days 3.50% 4.00%
46 days to 179 days 5.50% 6.00%
180 days to 210 days 6.25% 6.75%
211 days to less than 1 year 6.50% 7.00%
1 year to less than 2 year 6.80% 7.30%
2 years to less than 3 years 7.00% 7.50%
3 years to less than 5 years 6.75% 7.25%
5 years and up to 10 years 6.50% 7.50%*
400 days (Amrit Kalash) 7.10% 7.60%

*Including additional premium of 50 bps under “SBI Wecare” deposit scheme.

Note: SBI has introduced a tenor specific term deposit scheme (Amrit Kalash) for domestic and NRI customers. Under this scheme, SBI offers special FD interest rates at 7.10% p.a. to the general public and 7.60% p.a. to senior citizens for the tenure of 400 days. The validity of the said scheme is till 31st March 2025.

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