SBI FD Interest Rates 2026 For Senior Citizens
SBI FD Rates For Senior Citizens range from 3.55% to 7.05% p.a. on deposits below ₹3 crore, with an extra 0.50% interest over regular rates. Special schemes such as Amrit Vrishti and WECARE offer higher returns.
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 Fixed Deposit option offered by SBI that provides enhanced returns exclusively for individuals aged 60 years and above.
- It is designed to give seniors a secure savings avenue that offers higher earnings than regular deposits.
- The scheme also allows flexible payout options such as monthly, quarterly, or at maturity.
- It supports add-on features such as nomination, overdraft facility, and premature closure, with applicable penalties.
State Bank of India FD Interest Rates 2026 for Senior Citizens
The State Bank of India FD Interest Rates 2026 for Senior Citizens are applicable for two categories:
i. SBI senior citizen FD interest rates applicable to FDs below ₹3 crore
Following are the SBI senior citizen FD interest rates applicable to FDs below ₹3 crore:
| Tenure | Rate of Interest (p.a.) |
| 7 days to 45 days | 3.55% |
| 46 days to 179 days | 5.40% |
| 180 days to 210 days | 6.15% |
| 211 days to less than 1 year | 6.40% |
| 1 year to less than 2 years | 6.75% |
| 2 years to less than 3 years | 6.90% |
| 3 years to less than 5 years | 6.80% |
| 5 years and up to 10 years | 7.05% (includes SBI WeCare special premium) |
| Amrit Vrishti (444 Days) | 6.95% |
ii. Bulk Deposits (₹3 crore and above)
Following are the SBI senior citizen FD interest rates applicable to Bulk Deposits (₹3 crore and above):
| Tenure | Rate of Interest (p.a.) |
| 7 days to 14 days | 5.00% |
| 15 days to 45 days | 5.50% |
| 46 days to 179 days | 5.85% |
| 180 days to 210 days | 6.35% |
| 211 days to less than 1 year | 6.35% |
| 1 year to less than 2 years | 7.00% |
| 2 years to less than 3 years | 6.65% |
| 3 years to less than 5 years | 6.50% |
| 5 years to 10 years | 6.50% |
Features of SBI Senior Citizen Fixed Deposit Scheme
The features and benefits of the SBI senior citizen FD scheme are as follows:
| Features | Particulars |
| Account Type | Single or Joint |
| Deposit | Minimum ₹1,000 |
| Tenure | 7 days to 10 years |
| Auto-renewal Facility | Available |
| Nomination Facility | Available |
| Premature Account Closure | Available with penalty |
| Multiple Withdrawals | Not Available |
SBI Fixed Deposit Schemes for Senior Citizen
SBI offers various Fixed Deposit Schemes for Senior Citizens such as:
| Deposit Scheme | Key Features |
| Fixed Deposit |
|
| Annuity Deposit Scheme |
|
| SBI WECARE Deposit Scheme |
|
| SBI ‘Sarvottam’ (Non-Callable) Term Deposit |
|
| SBI Special Term Deposit |
|
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.
| Year | Interest Rate (% p.a.) |
| 2012 | 9.00% |
| 2013 | 9.50% |
| 2014 | 9.00% |
| 2015 | 8.00% |
| 2016 | 7.50% |
| 2017 | 6.75% |
| 2018 | 7.35% |
| 2019 | 6.75% |
| 2020 | 5.90% |
| 2021 | 5.90% |
| 2022 | 7.25% |
| 2023 | 7.10% |
| 2024 | 7.50% |
SBI FD Calculator for Senior Citizens
The SBI FD calculator checks the returns when the applicants invest a certain amount over a deposit tenure.
Final Word
SBI FD rates for senior citizens are among the most competitive, offering 50–100 bps higher returns than regular deposits, helping retirees earn secure and stable income.
Related Articles:
- City Union Bank 2026 FD Interest Rates
- Yes Bank 2026 FD Interest Rates
- Allahabad Bank 2026 FD Interest Rates
- RBL Bank 2026 FD Interest Rates
- Corporation Bank 2026 FD Interest Rates
- Andhra Bank 2026 FD Interest Rates
- Kotak 2026 FD Interest Rates
- Bank of Baroda 2026 FD Interest Rates
- Citibank 2026 FD Interest Rates
- SBI Annuity Deposit Scheme
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