SBI FD interest rates 2026 updated. General public 3.05% to 6.45%. Senior citizens 3.55% to 6.95%. Amrit Vrishti 444 days at 6.45%. SBI WeCare scheme for seniors. Tax saving FD at 6.05%.
By FinMandi TeamMay 8, 202610 min read✓ May 2026 Updated
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Reviewed by FinMandi Research Team
Backed by 10+ years of banking experience · Verified May 2026
✓ RBI Sources✓ Bank Verified✓ May 2026
Quick Summary
SBI general public FD rates: 3.05% (7 days) to 6.45% (2 years)
Senior citizens get extra 0.50% — rates up to 6.95% p.a.
SBI Amrit Vrishti 444-day special scheme: 6.45% general, 6.95% senior
SBI WeCare — super seniors (80+) get extra 0.10% on top of senior rate
Tax saving FD under 80C: 6.05% p.a., 5-year lock-in, no premature withdrawal
Premature withdrawal penalty: 0.50% on FDs up to Rs 5 lakh, 1% above Rs 5 lakh
Minimum deposit: Rs 1,000 for all retail FD schemes
State Bank of India (SBI) revised its fixed deposit rates effective December 15, 2025. These rates apply to retail deposits below Rs 3 crore for resident individuals.
Tenure
General Public
Senior Citizens
7 days to 45 days
3.05%
3.55%
46 days to 179 days
4.90%
5.40%
180 days to 210 days
5.65%
6.15%
211 days to less than 1 year
5.90%
6.40%
1 year to less than 2 years
6.25%
6.75%
2 years to less than 3 years (Best Rate)
6.45%
6.95%
3 years to less than 5 years
6.30%
6.80%
5 years to 10 years
6.05%
7.05%
SBI Special FD Schemes 2026
Scheme
Tenure
General
Senior
Super Senior
Amrit Vrishti
444 days
6.45%
6.95%
7.05%
WeCare (Senior only)
5-10 years
N/A
7.05%
7.15%
Tax Savings FD (80C)
5 years (lock-in)
6.05%
6.55%
6.65%
Green Rupee Term Deposit
2-10 years
6.25%+
6.75%+
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Best SBI FD strategy 2026: For general investors — book at 2-year tenure for highest 6.45% rate. For senior citizens — SBI WeCare at 5-year tenure gives 7.05%. For tax saving — 5-year tax saving FD at 6.05% saves up to Rs 46,800 in tax under Section 80C.
SBI FD Premature Withdrawal Rules
FDs up to Rs 5 lakh: Penalty of 0.50% on applicable rate
FDs above Rs 5 lakh: Penalty of 1% on applicable rate
Tax Saving FD: No premature withdrawal allowed
WeCare scheme: Premature withdrawal allowed with penalty
The best SBI FD rate for general public in 2026 is 6.45% p.a. on 2-year to 3-year deposits and the special Amrit Vrishti 444-day scheme. Senior citizens get 6.95% on the same tenure and up to 7.05% under the WeCare scheme for 5-10 year deposits.
SBI charges 0.50% penalty on FDs up to Rs 5 lakh and 1% penalty on FDs above Rs 5 lakh for premature withdrawal. The penalty is deducted from the applicable interest rate. Tax Saving FDs cannot be withdrawn prematurely at all.
SBI WeCare is a special FD scheme for senior citizens (60+ years). It offers an additional 0.10% interest over the regular senior citizen rate on deposits of 5 years and above. This means senior citizens earn 7.05% and super seniors (SBI Patrons, 80+) earn 7.15% on 5-10 year FDs.
📋 Sources & Methodology
Data sourced from: RBI official website · Official bank websites · SEBI · IRDAI · Ministry of Finance press releases. Rates and data verified by FinMandi Research Team. Last verified: May 2026. FinMandi does not accept payment to rank any bank or product.
Disclaimer: All information is as of May 2026 and subject to change. This article is for educational purposes only. Please verify all rates and rules directly with the relevant institution before making financial decisions.