PaisaClear
Guaranteed Low risk Verified record

SBI Fixed Deposit

State Bank of India · Bank Savings & Fixed Deposits

India's largest bank: a fixed term deposit where the rate is agreed on the day you book it and paid at maturity.

Rate varies by tenure and amount Not published as a number here — it varies by provider, tenure or plan.

Open SBI's published rate card and match the tenure you want. The bank revises these rates without notice, so the number on the card is the only one that counts.

Check the official page

Source State Bank of India — fixed deposit rates

sbi.co.in/web/interest-rates/interest-rates/deposit-rates

The bank's own rate card. This is where you confirm the rate for your tenure and deposit amount.

How it works

SBI Fixed Deposit is a bank deposits product from State Bank of India, in the guaranteed category: fixed by contract. India's largest bank: a fixed term deposit where the rate is agreed on the day you book it and paid at maturity.

Because the return type is guaranteed, the questions that matter most are: Is the rate fixed for the whole tenure, or revised during it? Who is actually promising to pay, and what happens if they don't?

  • Money needed at a known date
  • The stable part of a savings plan

Key facts

Provider
State Bank of India
Source
State Bank of India — fixed deposit rates ↗ https://sbi.co.in/web/interest-rates/interest-rates/deposit-rates
Rate
Rate varies by tenure and amount ↗
Category
Bank Savings & Fixed Deposits
Minimum investment
₹1,000 typical minimum; varies by tenure and channel
Tenure
7 days to 10 years
Payout
At maturity, or periodic on selected tenures
Eligibility
Resident individuals, singly or jointly. Minors through a guardian. Senior citizens usually get an additional rate.
Getting your money back
Premature withdrawal is allowed with a penalty on the applicable rate.
Protection
Insured by the DICGC up to the statutory limit per depositor per bank.
Tax
Interest is taxable as income from other sources, and tax may be deducted at source above the threshold. Form 15G or 15H can be filed if you qualify.

What can go wrong

  • The rate is locked for the term, so you lose out if rates rise.
  • Breaking the deposit early reduces the rate you actually earned.
  • Interest is taxed as it accrues, which lowers the effective return.

Before you decide anything

  • The rate for your exact tenure and amount on the bank's card
  • The penalty for premature withdrawal at that tenure

These are questions to take to the provider, not a checklist that makes a product suitable. Whether something fits your situation is a decision only you — or an adviser you choose — can make.

Official sources

These link to the regulator or provider where the rules for this type of product are set out. They are the pages worth checking before you act, because they are the ones that get updated.

Other products in this category

The same rules and the same kind of trade-offs, described the same way.