SBI hikes FD interest rate by 25 bps on these deposits: Check details

At a time when a lot of banks are reducing their fixed deposit interest rates, the State Bank of India (SBI) has increased interest rates on bulk deposits (above Rs 3 crore) by 25 basis points (bps), while keeping rates unchanged for deposits below Rs 3 crore. The revised rates came into effect from March 15, 2026, according to the bank's website.
Let us take a look at the latest SBI fixed deposit interest rates.

On which tenures the bank has hiked FD interest rates?

SBI has increased its fixed deposit interest rates by 25 basis points (bps) for select tenures. For deposits maturing between 46 days and 179 days, the rate has been raised from 5.10% to 5.35%. For tenures of 180 days to less than one year, the rate has been increased from 5.60% to 5.85%, while for deposits with a maturity of one year to less than two years, the rate has been revised from 6.25% to 6.50%.

Also read: ATM rules changing from April 1, 2026: Check HDFC Bank, PNB and Bandhan Bank’s UPI, cash withdrawal limits, revised fees


For senior citizens, in case of deposits maturing between 46 and 179 days, the rate has been raised from 5.60% to 5.85%. The rate for tenures of 180 days to less than one year, has been increased from 6.10% to 6.35%, while for deposits with a maturity of one year to less than two years, the rate has been revised from 6.75% to 7%.

Latest SBI FD interest rate (bulk deposits)

Tenors	Existing Rates for Senior Citizen w.e.f. 15/07/2025	Revised Rates for Senior Citizen w.e.f. 15/03/2026
7 days to 14 days	5	5
15 days to 45 days	5.5	5.5
46 days to 179 days	5.6	5.85
180 days to 210 days	6.1	6.35
211 days to less than 1 year	6.1	6.35
1 year to less than 2 years	6.75	7
2 years to less than 3 years	6.65	6.65
3 years to less than 5 years	6.5	6.5
5 years and up to 10 years	6.50	6.50

Latest SBI FD interest rate (bulk deposits) for senior citizens

Tenors	Existing Rates for Senior Citizen w.e.f. 15/07/2025	Revised Rates for Senior Citizen w.e.f. 15/03/2026
7 days to 14 days	5	5
15 days to 45 days	5.5	5.5
46 days to 179 days	5.6	5.85
180 days to 210 days	6.1	6.35
211 days to less than 1 year	6.1	6.35
1 year to less than 2 years	6.75	7
2 years to less than 3 years	6.65	6.65
3 years to less than 5 years	6.5	6.5
5 years and up to 10 years	6.50	6.50

The revised interest rates shall be made applicable to fresh deposits and renewals of maturing deposits. All other terms and conditions of retail and bulk term deposits will remain unchanged, the bank said.

What is the premature penalty for SBI bulk deposits?

Premature penalty for bulk term deposits for all tenors will be 1%. It will be applicable for all new deposits including renewals. This means that if an investor chooses to withdraw the deposit before its maturity period, the interest rate payable will be reduced by 1% from the applicable rate.

SBI FD interest rates 2026 (deposits below Rs 3 crore)

Tenors	Revised Rates for Public w.e.f.15/12/2025	Revised Rates for Senior Citizen w.e.f. 15/12/2025
7 days to 45 days	3.05	3.55
46 days to 179 days	4.9	5.4
180 days to 210 days	5.65	6.15
211 days to less than 1 year	5.9	6.4
1 Year to less than 2 years	6.25	6.75
2 years to less than 3 years	6.4	6.9
3 years to less than 5 years	6.3	6.8
5 years and up to 10 years	6.05	7.05*

*Including additional premium of 50 bps under "SBI We-care" deposit scheme.