SBI Raises FD Rates by 25 BPS: New Opportunities for Investors

Good news for SBI customers! In an era where many banks are slashing interest rates on fixed deposits (FDs), the State Bank of India (SBI) has opted to raise its bulk deposit interest rates by 25 basis points (bps). The bank is maintaining its existing FD rates below Rs 3 crore, while increasing these rates for larger deposits.

As per the SBI website, the updated rates will come into effect from March 15, 2026. Let's explore in detail how the interest rates have changed across different deposit tenors.

Fixed Deposit Interest Rates Increases for Larger Deposits:

- **46-179 Days:** The rate from 5.10% to 5.35%

- **180-365 Days:** The rate from 5.60% to 5.85%

- **More Than One Year:** The rate from 6.25% to 6.50%

For senior citizens, the interest rates have also seen a positive change:

Senior Citizens' FD Interest Rates Increase:

- **46-179 Days:** From 5.60% to 5.85%

- **180-365 Days:** From 6.10% to 6.35%

- **More Than One Year:** From 6.75% to 7.00%

It's important for investors to note that bulk term deposits of all tenors will be subject to a 1% penalty if withdrawn before maturity.

To Whom Does the New Rates Apply?: The revised interest rates will apply to both new FD investments and renewed maturing deposits. Other terms and conditions for retail and bulk FDs remain unchanged.