The State Bank of India (SBI), the country’s largest public sector bank, has surprised its customers by reducing interest rates on short-term fixed deposits (FDs).
From July 15, 2025, SBI has lowered interest rates by 15 basis points (0.15%) on select short-term FDs. These new rates are effective immediately.
Which FD Tenures Are Affected?
SBI has cut interest rates on FDs of three short-term durations. The change applies to both general and senior citizens:
46 to 179 days:
Earlier rate: 5.05%
New rate: 4.90%
180 to 210 days:
Earlier rate: 5.80%
New rate: 5.65%
211 days to less than 1 year:
Earlier rate: 6.05%
New rate: 5.90%
Updated SBI FD Interest Rates (Effective July 15, 2025)
Here are the latest interest rates SBI is offering across various FD tenures:
| Tenure | General Public | Senior Citizens |
|---|---|---|
| 7 to 45 days | 3.05% | 3.55% |
| 46 to 179 days | 4.90% | 5.40% |
| 180 to 210 days | 5.65% | 6.15% |
| 211 days to < 1 year | 5.90% | 6.40% |
| 1 year to < 2 years | 6.25% | 6.75% |
| 2 years to < 3 years | 6.45% | 6.95% |
| 3 years to < 5 years | 6.30% | 6.80% |
| 5 years to 10 years | 6.05% | 7.05%* |
