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State Bank of India offers fixed deposit rates to senior citizens at 50 bps higher than the regular FD rates. The additional interest premium of 0.50% is offered only to resident senior citizen depositors. NRE and NRO depositors cannot avail this additional interest premium. State Bank of India also offers the SBI Patrons Deposit Scheme for super senior citizens (aged 80 years and above) wherein the depositors get an additional premium of 10 bps over and above the 50 bps premium offered to resident senior citizen depositors.
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SBI Senior Citizen FD Interest Rates (p.a.) Highlights |
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| Highest slab rate | 7.60% (400 days) |
| For 1 year | 7.30 % |
| For 2 years | 7.50% |
| For 3 years | 7.25% |
| For 4 years | 7.25% |
| For 5 years | 7.50% |
| Tax-Saving FD | 7.50% |
Rates as of 7 March 2025
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 years | 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% |
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)
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.) |
| North East Small Finance Bank | 9.00 | 7.00 | 9.00 | 6.25 | 0.50 |
| Unity Small Finance Bank | 8.60 | 7.25 | 8.15 | 8.15 | 0.50 |
| Suryoday Small Finance Bank | 8.60 | 8.25 | 8.25 | 8.60 | 0.50 |
| Shivalik Small Finance Bank | 8.55 | 6.00 | 7.50 | 6.50 | 0.50 |
| Utkarsh Small Finance Bank | 8.50 | 8.00 | 8.50 | 7.75 | 0.60 |
| ESAF Small Finance Bank | 8.38 | 6.00 | 6.75 | 6.25 | 0.50 |
| Jana Small Finance Bank | 8.25 | 8.25 | 8.25 | 8.20 | 0.50 |
| Ujjivan Small Finance Bank | 8.25 | 8.10 | 7.20 | 7.20 | 0.50 |
| Equitas Small Finance Bank | 8.25 | 8.10 | 8.00 | 7.25 | 0.50-0.75 |
| SBM Bank | 8.25 | 7.05 | 7.30 | 7.75 | 0.50 |
| Bandhan Bank | 8.05 | 8.05 | 7.25 | 5.85 | 0.50-0.75 |
| AU Small Finance Bank | 8.00 | 7.25 | 7.50 | 7.25 | 0.50 |
| DCB Bank | 8.00 | 7.10 | 7.50 | 7.40 | 0.50 |
| RBL Bank | 8.00 | 7.50 | 7.50 | 7.10 | 0.50 |
| YES Bank | 8.00 | 7.25 | 7.25 | 7.25 | 0.50-0.75 |
| IDFC First Bank | 7.90 | 6.50 | 6.80 | 6.75 | 0.50 |
| Induslnd Bank | 7.75 | 7.75 | 7.25 | 7.25 | 0.50 |
| Central Bank of India | 7.50 | 6.85 | 7.00 | 6.75 | 0.50 |
| Punjab & Sind Bank | 7.45 | 6.30 | 6.00 | 6.50 | 0.50 |
| HDFC Bank | 7.40 | 6.60 | 7.00 | 7.00 | 0.50 |
SBI Tax Saver Deposit for Senior Citizens (SBI Tax Savings Scheme, 2006)
| Tenures |
Interest rates (p.a.) |
| 5 years to 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 Green Rupee Term Deposit (SGRTD)
| Tenors | Interest Rate (% p. a.) | |
| Retail Deposit | Bulk Deposit | |
| Sr. Citizen | Sr. Citizen | |
| 1111 Days | 7.15% | 6.90% |
| 1777 Days | 7.15% | 6.90% |
| 2222 Days | 7.40% | 6.65% |
SBI Annuity Deposit Scheme Interest Rate
Interest Rates On Retail Domestic term deposits below Rs. 2 crore w.e.f. 15 June 2024
| Tenures | Interest Rates (p.a.) |
| 3 years | 7.25% |
| 5 years | 7.50% |
| 7 years | 7.50% |
| 10 years | 7.50% |
Types of SBI Senior Citizen FD Schemes
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 the 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 the Special Term Deposit Scheme, the interest of SBI Amrit Kalash Term Deposit scheme is compounded and paid only when the FD matures.
SBI We-care Deposit Scheme
SBI We-care 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 We-care FD under the Term Deposit scheme is paid at monthly or quarterly intervals. Under SBI We-care Special Term Deposit Scheme, the interest component is compounded and paid only at the time of maturity.
SBI Annuity Deposit Scheme
SBI Annuity Deposit Scheme enables the depositors to deposit a one-time lump sum amount and receive repayments in monthly annuity instalments comprising of principal amount and an 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.
SBI Patrons Deposit – Scheme for Super Senior Citizens
SBI Patrons is a deposit scheme offered to super senior citizens wherein the bank offers an additional premium of 10 bps (over and above the existing premium of 50 bps) on the tenure of 7 days to 10 years and for deposits of less than Rs 3 crores. Super senior citizens aged 80 years and above are eligible for the scheme. The minimum deposit amount required to open the account under this scheme is Rs 1,000.