If you’re thinking of investing your money safely, here’s some news from SBI, India’s largest bank.
While rumors suggest banks might cut interest rates, SBI has done the opposite—it has increased rates for select deposits.
The hike is 0.25% (25 basis points) but applies only to fixed deposits (FDs) of ₹3 crore or more. For smaller deposits, rates remain unchanged.
Let’s break it down so you can see how much you stand to gain.
Who Benefits from the New Rates?
The increased rates are only for individuals or organizations who make a single FD of ₹3 crore or more.
This new system will be effective nationwide from March 15, 2026.
Here’s the revised interest for different deposit durations:
For Bulk Deposits (₹3 crore or more):
46–179 days: 5.10% → 5.35%
180 days–less than 1 year: 5.60% → 5.85%
1–2 years: 6.25% → 6.50%
Extra Benefit for Senior Citizens
SBI also gives higher rates for senior citizens, making their savings more rewarding:
46–179 days: 5.60% → 5.85%
180 days–less than 1 year: 6.10% → 6.35%
1–2 years: 6.75% → 7%
This is great news for senior citizens who want safe returns on larger deposits.
What About Small Depositors?
If your FD is less than ₹3 crore, nothing changes—the old rates continue.
Banks usually raise rates for bulk deposits to attract large investments and manage cash flow.
In short: SBI’s new rates favor big investors and senior citizens.
A 0.25% increase may not seem huge, but for deposits worth crores, it can translate into lakhs of extra earnings.
