State Bank of India FD interest rates for 1, 2, 3 and 5 years
Last checked 3 November 2026. Rate card from 15 December 2025. Deposits below ₹3 crore.
State Bank of India pays its best rate among these terms on 2 years: 6.40%, or 6.90% for senior citizens. That ranks 20th of 33 banks we track for 2 years.
SBI FD rates by term
| Term | Rate | Senior rate | ₹5 lakh becomes | Rank |
|---|---|---|---|---|
| 1 year Slab: 1 year to less than 2 years | 6.25% | 6.75% | ₹5,31,990 | 25th of 33 |
| 2 years Slab: 2 years to less than 3 years | 6.40% | 6.90% | ₹5,67,701 | 20th of 33 |
| 3 years Slab: 3 years to less than 5 years | 6.30% | 6.80% | ₹6,03,131 | 21st of 33 |
| 5 years Slab: 5 years and up to 10 years | 6.05% | 7.05% | ₹6,75,088 | 23rd of 33 |
Interest compounds every quarter and is paid at maturity, before tax. Source: State Bank of India deposit rates. Each rate is the slab that contains that exact term.
How SBI compares
- 1 year: the highest rate we track is Ujjivan Small Finance Bank at 7.25%, 1.00 percentage points more. On ₹5 lakh that is ₹5,257 extra.
- 2 years: the highest rate we track is ESAF Small Finance Bank at 7.75%, 1.35 percentage points more. On ₹5 lakh that is ₹15,263 extra.
- 3 years: the highest rate we track is Jana Small Finance Bank at 8.00%, 1.70 percentage points more. On ₹5 lakh that is ₹30,989 extra.
- 5 years: the highest rate we track is Jana Small Finance Bank at 7.77%, 1.72 percentage points more. On ₹5 lakh that is ₹59,554 extra.
Similar banks: Indian Overseas Bank (6.40% for 2 years), Punjab National Bank (6.30% for 2 years), Bank of Baroda (6.25% for 2 years), Canara Bank (6.25% for 2 years).
Amounts at SBI
- ₹1 lakh for 2 years at 6.40% becomes ₹1,13,540.
- ₹10 lakh for 2 years at 6.40% becomes ₹11,35,402.
Questions people ask
What is the SBI FD rate for 1 year?
State Bank of India pays 6.25% a year on a 1-year deposit below ₹3 crore (6.75% for senior citizens). ₹5 lakh grows to ₹5,31,990. The slab is "1 year to less than 2 years".
What is the SBI FD rate for 2 years?
State Bank of India pays 6.40% a year on a 2-year deposit below ₹3 crore (6.90% for senior citizens). ₹5 lakh grows to ₹5,67,701. The slab is "2 years to less than 3 years".
What is the SBI FD rate for 3 years?
State Bank of India pays 6.30% a year on a 3-year deposit below ₹3 crore (6.80% for senior citizens). ₹5 lakh grows to ₹6,03,131. The slab is "3 years to less than 5 years".
What is the SBI FD rate for 5 years?
State Bank of India pays 6.05% a year on a 5-year deposit below ₹3 crore (7.05% for senior citizens). ₹5 lakh grows to ₹6,75,088. The slab is "5 years and up to 10 years".
Is money in a SBI FD safe?
State Bank of India is a public sector bank. DICGC insures deposits up to ₹5 lakh per depositor per bank, principal and interest together.
More FD rate pages
1-year FD rates · 2-year FD rates · 3-year FD rates · 5-year FD rates · Senior citizen FD rates · Tax-saver FD rates · All FD rate pages · Post office FD rates · SCSS interest rate