SBI FD Interest Rates 2025 For Senior Citizens

SBI FD interest rates 2025 for senior citizens range from 3.55% to 7.10% p.a. for deposits below Rs. 3 crore. SBI senior citizen FD interest rates ensure higher returns as senior citizens (aged 60+) get an additional 50 basis points (bps) over standard FD rates. Special schemes like SBI Amrit Vrishti (444 days) and SBI WECARE Deposit offer even better benefits. 

Key Highlights:

• Tenure: 7 days to 10 years
• Premature Withdrawal: 0.50% penalty (up to Rs. 5 lakh), 1% penalty (above Rs. 5 lakh)
• Minimum Deposit: Rs. 1,000
• Special Schemes: SBI WECARE Deposit, Amrit Vrishti (444 days), Sarvottam (Non-callable)

What is SBI Senior Citizen FD?

SBI Senior Citizen FD is a dedicated fixed deposit option that provides enhanced returns exclusively for individuals aged 60 years and above. It is designed to give seniors a secure savings avenue with higher earnings than regular depositors. 

The scheme also allows flexible payout options such as monthly, quarterly, or at maturity. It supports add-on features like nomination, overdraft facility, and premature closure with applicable penalties.

State Bank of India FD Interest Rates 2025 for Senior Citizens

Following are the SBI senior citizen FD interest rates applicable to FDs below Rs. 3 crore:

Following are the SBI senior citizen FD interest rates applicable to FDs above Rs.3 crore:

Features of SBI Senior Citizen Fixed Deposit Scheme

The features and benefits of the SBI senior citizen FD scheme are as follows:

Eligibility Criteria for SBI Senior Citizen Fixed Deposit Scheme 

The following persons are eligible to open an SBI senior citizen FD:

• Indian citizens above the 60 years
• Non-Resident Indians (NRIs) above 60 years
• Defence service retired personnel above 50 years

SBI Fixed Deposit Schemes for Senior Citizen

SBI offers various Fixed Deposit Schemes for Senior Citizens such as

Fixed Deposit

• Lump sum amount can be deposited 
• Flexible interest payout option 
• Guaranteed returns 
• Premature withdrawal 
• Available at all SBI branches
• Higher interest rate than general public

Annuity Deposit Scheme

• Lump sum amount can be deposited in one go and receive the same in Equated Monthly Installments (EMIs)
• Interest is compounded in quarterly intervals and discounted to the monthly value
• Deposit period can be 36, 60, 84, and 120 months 
• Deposit must be made such that the minimum monthly annuity is Rs.1,000 for the chosen tenure 
• Premature payment is allowed for deposits up to Rs.15,00,000
• Available at all SBI branches
• In special cases, overdraft/loan facility is available up to 75% of the annuity balance amount
• Nomination is available only in favour of individuals

SBI WECARE Deposit Scheme

• Senior citizens get an additional premium of 30 bps above the additional 50 bps
• Available only for a limited period till 30 September 2024
• Minimum tenure is 5 years, and the maximum tenure is 10 years
• Interest payment at monthly or quarterly intervals for term deposits
• Loan facility available against the deposits
• Available at any branch or on YONO app

SBI ‘Sarvottam’ (Non-Callable) Term Deposit

• Higher interest rate without a pre-mature withdrawal facility 
• Minimum deposit amount is Rs.1 crore for retail and Rs.2 crore for bulk
• Maximum deposit amount is less than Rs.2 crore for retail and there is no maximum limit for bulk
• Tenure ranges from a year to 2 years
• Senior citizens above the age of 60 years and SBI staff are bound to receive additional interest rates
• Only a demand loan against the deposit is allowed with an applicable margin
• Renewal of deposits are not allowed 

SBI Special Term Deposit

• Interest is paid only at the time of maturity and not at the regular frequency of the deposit period
• Regular interest is added to the principal
• Minimum tenure is 6 months, and the maximum tenure is 10 years
• Minimum sum for the deposit is Rs.1,000 
• No limit on the maximum amount 
• Available at all SBI branches
• Interest on the deposit is compounded quarterly and paid at the end of the term
• Nomination available only in favour of individuals
• Loan facility is available against deposits with applicable margins

SBI FD Interest Rates (Historic Data) for the Past 10 Years

*Note: The rates mentioned here are the highest offered in that year, irrespective of investment period. However, most of these rates are for the 2-3 year investment horizon. 

SBI FD Calculator for Senior Citizens

Use our SBI FD calculator to check the returns you may receive when you invest a certain amount over a deposit tenure.

Final Word

SBI FD interest rates 2025 for senior citizens are among the most attractive in the market, offering 50 bps higher returns than regular deposits. The high SBI senior citizen FD interest rate ensures retirees can grow their savings securely while enjoying steady income. 

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