Attention, Investors! The State Bank of India (SBI) has reduced fixed deposit (FD) interest rates by 20 basis points (bps) effective May 16, 2025. This is the second cut in just a month, impacting both general depositors and senior citizens. If you rely on FDs for stable returns, this update is crucial for your financial planning. Check latest sbi fd interest rates 2025 for senior
Latest SBI FD Rates After the 20 bps Cut
- For deposits below ₹3 crore, SBI now offers:
- General Public: 3.30% to 6.70% p.a. (down from 3.50% – 6.90%)
- Senior Citizens: 3.80% to 7.30% p.a. (including SBI WeCare benefits)
Latest SBI FD Rates
| Tenure | Old Rates (Apr 2025) | New Rates (May 2025) |
|---|---|---|
| 7-45 days | 3.50% | 3.30% (↓) |
| 46-179 days | 5.50% | 5.30% (↓) |
| 180-210 days | 6.25% | 6.05% (↓) |
| 211 days – <1 year | 6.50% | 6.30% (↓) |
| 1 year – <2 years | 6.70% | 6.50% (↓) |
| 2 years – <3 years | 6.90% | 6.70% (↓) |
| 3 years – <5 years | 6.75% | 6.55% (↓) |
| 5 years – 10 years | 6.50% | 6.30% (↓) |
Amrit Vrishti FD for Senior Citizens: SBI has reduced interest rates on normal FDs as well
Amrit Vrishti FD for Senior Citizens: SBI has changed the interest rates of not only Amrit Vrishti but also its other normal A1FD schemes. These new rates will be applicable on all FD periods from 7 days to 10 years.
Deposit ₹2 Lakh & Earn ₹17,902 Fixed Interest – Full Details
The new interest rates for common citizens are as follows:
- Interest on FDs of less than 1 year but not more than 2 years has now been reduced from 6.80% to 6.70%.
- FDs of 2 years to less than 3 years will now get 6.90% interest instead of 7.00%.
New interest rates for senior citizens:
- Interest on FDs of less than 1 year but up to 2 years has been reduced from 7.30% to 7.20%.
- Interest on FDs of less than 2 years but up to 3 years has been reduced from 7.50% to 7.40%.