SBI WECARE & other SBI Senior Citizen Fixed Deposit Schemes

SBI Senior Citizen FD Rates

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

Tenure	Interest Rates (p.a.)
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 year	7.30%
2 years to less than 3 years	7.50%
3 years to less than 5 years	7.25%
5 years and up to 10 years	7.50%*
Amrit Kalash (400 days)	7.60%
Amrit Vrishti (444 days)	7.75%

*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 FD interest rates at 7.60% p.a. to senior citizens for tenure of 400 days (valid till 31st March 2025)

SBI WECARE Fixed Deposit Interest Rates

Tenures	Interest Rates (p.a.)
5 years	7.50%
10 years	7.50%

Comparison of Top 20 Scheduled Banks based on FD Rates

SBI Tax Saver Deposit for Senior Citizens (SBI Tax Savings Scheme, 2006)

Tenures	Interest rates (p.a.)
5 – 10 years	7.50%

SBI Senior Citizen FD Rates on Domestic Bulk Term Deposit of Rs. 3 Crore and above w.e.f. 15th June 2024

Tenures	Interest rates (p.a.)
7 days to 45 days	5.75%
46 days to 179 days	6.75%
180 days to 210 days	7.10%
211 days to less than 1 year	7.25%
1 year to less than 2 years	7.50%
2 years to less than 3 years	7.50%
3 years to less than 5 years	7.00%
5 years and up to 10 years	6.75%

SBI Senior Citizen FD Interest Rates on ‘Sarvottam’ (Non-Callable) Domestic Retail Term Deposits of Rs. above Rs 1 crore to less than Rs 2 Crores w.e.f. 15th May 2024

Tenures	Interest rates (p.a.)
1 year	7.60%
2 years	7.90%

SBI Senior Citizen FD Interest Rates on ‘Sarvottam’ (Non-Callable) Domestic Bulk Term Deposit of Rs. 2 Crores and above w.e.f. 15th May 2024

Tenures	Interest rates (p.a.)
1 year	7.80%
2 years	7.90%

SBI Green Rupee Term Deposit (SGRTD)

Tenors	Interest Rate (% p. a.)
	Retail Deposit	Bulk Deposit
	Sr. Citizen	Sr. Citizen
1111 Days	7.15%	6.65%
1777 Days	7.15%	6.65%
2222 Days	7.40%	6.40%

SBI Annuity Deposit Scheme Interest Rate

Interest Rates On Retail Domestic term deposits below Rs. 2 crore w.e.f. 27th February 2023

Tenures	Interest Rates (p.a.)
7 days to 45 days	4.00%
46 days to 179 days	6.00%
180 days to 210 days	6.50%
211 days to less than 1 year	6.75%
1 year to less than 2 year	7.30%
2 years to less than 3 years	7.50%
3 years to less than 5 years	7.25%
5 years and up to 10 years	7.50%*
400 days (Amrit Kalash)	7.60

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

Types of SBI Senior Citizen FD Schemes

SBI WECARE Deposit Scheme

SBI WECARE Deposit Scheme is a special scheme offered to senior citizens with tenures of 5 years and above. Under this scheme, senior citizens can avail additional interest rate 50 bps over and above the 50 bps premium offered to them on other tenures. Thus, senior citizens opting for SBI WECARE would earn 100 bps higher interest rate than SBI FD interest rate offered to other depositors. This scheme is available on fresh deposit and on renewal of maturing deposits and can be availed through SBI branch, internet banking and mobile banking app. SBI also offers loan facility to its depositors under this scheme. The interest component of SBI WECARE FD under the Term Deposit scheme is paid at monthly or quarterly intervals. Under SBI WECARE Special Term Deposit Scheme, the interest component is compounded and paid only at the time of maturity.

SBI Amrit Kalash Fixed Deposit

SBI Amrit Kalash is a tenure specific term deposit scheme offered to domestic and NRI depositors for tenures of 400 days. Under this scheme, senior citizens are offered FD interest rates at 7.60% p.a. This scheme can be availed through SBI branch, internet banking and SBI YONO mobile banking app. Depositors can also avail loan facility under this scheme. Interest is paid out monthly and quarterly under the SBI Amrit Kalash Term Deposit scheme. Under Special Term Deposit Scheme, the interest of SBI Amrit Kalash Term Deposit scheme is compounded and paid only when the FD matures.

SBI Sarvottam Term Deposit (Non-Callable)

SBI Sarvottam Term Deposit scheme is offered to senior citizens at 0.50% additional interest rates over the applicable non-callable deposit rates offered to public, for tenures of 1 and 2 years only.

SBI Annuity Deposit Scheme

SBI Annuity Deposit Scheme enables the depositors to deposit one-time lump sum amount and receive repayments in monthly annuity instalments comprising of principal amount and interest component. The tenures offered for this scheme are 3 years, 5 years, 7 years and 10 years. Depositors can deposit a minimum amount of Rs 1,000 to the SBI Annuity Deposit Scheme. The bank also grants overdraft or loan facility of up to 75% of the balance amount of annuity in special cases.