- SBI lowers fixed deposit interest rates by 0.15% for short-term tenures starting July 15, 2025.
- Both general and senior citizens are affected for tenures from 46 days to less than 1 year.
- Special FD schemes like SBI Patrons for super senior citizens and Amrit Vrishti 444-day FD still offer attractive rates.
If you’re thinking about investing in the SBI Fixed Deposit Scheme, here’s what you need to know. SBI has cut fixed deposit interest rates by 0.15% for short-term tenures starting July 15, 2025. This change affects both general and senior citizens, especially for deposits ranging from 46 days to less than a year. Knowing about these updates and special schemes will help you make the best choice for your savings.
SBI Fixed Deposit Interest Rate Updates from July 15, 2025
State Bank of India (SBI) has updated its fixed deposit interest rates for several short-term tenures. Starting July 15, 2025, interest rates for durations from 46 days to less than 1 year are reduced by 0.15% (or 15 basis points). This affects both general and senior citizens who invest in SBI’s FD products for short periods.
New Interest Rates by Tenure for General and Senior Citizens
Here’s the detailed breakdown of the updated rates for different FD tenures between 46 days and less than 1 year:
| Tenure | Previous Rate (General) | Revised Rate (General) | Previous Rate (Senior Citizens) | Revised Rate (Senior Citizens) |
|---|---|---|---|---|
| 46 days to 179 days | 5.05% | 4.90% | 5.55% | 5.40% |
| 180 days to 210 days | 5.80% | 5.65% | 6.30% | 6.15% |
| 211 days to less than 1 year | 6.05% | 5.90% | 6.55% | 6.40% |
For other tenures like 7 days to 45 days and 1 year or more, rates remain unchanged for both citizen groups. Overall, rates now range from 3.05% to 6.45% for general citizens and 3.55% to 7.05% for senior citizens across all tenures.
Also Read – SBI RD Scheme 2025: Transform Small Savings into Big Wealth with Just ₹591
How the Rate Cut Affects Different Customer Groups
The 0.15% rate cut impacts all investors with short-term deposits, including:
General Citizens
Lower returns on FDs from 46 days to less than a year, so you may want to rethink your savings plan.
Senior Citizens
Reduced interest on short-term FDs but you still get slightly higher rates than the general public.
Super Senior Citizens (80+)
You qualify for an extra 0.10% interest under the SBI Patrons scheme, helping to soften the impact of the rate cut.
Also, schemes like Recurring Deposit, Tax Savings, and certain Non-Callable Term Deposits are not affected by this rate change.
Benefits and Features of SBI Special FD Schemes
SBI Patrons Scheme for Super Senior Citizens: If you’re 80 years or older, you get an extra 0.10% interest rate above senior citizen rates on eligible FDs. This helps protect your returns despite the general rate cuts. Note that this benefit doesn’t apply to some deposit types like Recurring Deposits and Tax Savings Schemes.
SBI Amrit Vrishti 444-Day FD Scheme: This special fixed deposit scheme offers a fixed 444-day tenure. From June 15, 2025, it offers attractive interest rates of 6.60% for general customers. Senior citizens get 7.10%, and super senior citizens benefit from 7.20%, factoring in the extra 0.10% under SBI Patrons. This product is great if you’re looking for medium-term, high-interest deposits.
For more information about current FD rates and schemes, visit the official SBI website at https://www.sbi.co.in.
When planning your fixed deposits, keep these rate updates and special schemes in mind to get the best returns on your savings.