SBI offers a wide range of fixed deposit schemes to regular individuals and senior citizens both for a short and long tenure. SBI fixed deposit schemes are available for both Indian residents and Non- residents. Moreover, non-resident individuals can invest and earn high SBI NRE FD rates on several schemes with various features and benefits.
SBI NRE Fixed Deposit Interest Rates
Below are the SBI NRE FD interest rates which must be re-confirmed before investing in SBI Fixed Deposit schemes:
| SBI NRE FD Interest Rates | ||
| Tenure | Below Rs. 2 crore | Rs. 2 crore and above |
| 1 year to < 2 years | 6.70% | 6.40% |
| 2 years to < 3 years | 6.50% | 6.15% |
| 3 years to < 5 years | 6.25% | 5.90% |
| 5 years to 10 years | 6.25% | 5.90% |
Note – *Rates are applicable with effect from 26th August 2019.
There is no penalty on premature withdrawal within 1 year. The penalty is charged at the applicable rate on premature withdrawal after 1 year.
SBI NRO FD Rates
| SBI NRO FD Interest Rates | ||
| Tenure | Below Rs. 2 crore | Rs. 2 crore and above |
| 7 days to 45 days | 4.50% | 4.40% |
| 46 days to 179 days | 5.50% | 5.40% |
| 180 days to 210 days | 6.00% | 5.90% |
| 211 days to less than 1 year | 6.00% | 5.90% |
| 1 year to less than 2 years | 6.70% | 6.40% |
| 2 years to less than 3 years | 6.50% | 6.15% |
| 3 years and up to 5 years | 6.25% | 5.90% |
| 5 years and up to 10 years | 6.25% | 6.90% |
Note – *Rates are applicable with effect from 26th August 2019.
SBI FCNR (Foreign Currency Non-Resident) Rates
| Tenure | USD<3,00,000 | USD≥3,00,000 | GBP | EURO | CAD | AUD | JPY |
| 1 year | 2.89 | 2.99 | 1.18 | 0.01 | 2.10 | 0.94 | 0.02 |
| Above 1 year to less than 2 years | 2.89 | 2.99 | 1.18 | 0.01 | 2.10 | 0.94 | 0.02 |
| 2 years to less than 3 years | 2.81 | 2.91 | 1.18 | 0.01 | 1.82 | 0.86 | 0.05 |
| 3 years to less than 4 years | 2.80 | 2.80 | 1.17 | 0.01 | 1.78 | 0.87 | 0.05 |
| 4 years to less than 5 years | 2.77 | 2.77 | 1.19 | 0.10 | 1.77 | 0.99 | 0.05 |
| 5 years | 2.78 | 2.78 | 1.21 | 0.15 | 1.77 | 1.05 | 0.05 |
Note: *Rates are applicable with effect from 10th August 2019. Simple Interest is applicable on FCNR (B) deposit kept with the bank for 1 year. Whereas, for FCNR (B) deposit of tenure above 1 year interest is compounded at half-yearly frequency. All figures in % per annum.
RFC (Resident Foreign Currency) FD Rates
| Tenure | USD>3,00,000 | USD≥3,00,000 | GBP | EURO |
| 1 year to less than 2 years | 2.89 | 2.99 | 1.18 | 0.01 |
| 2 years to less than 3 years | 2.81 | 2.91 | 1.18 | 0.01 |
| 3 years | 2.80 | 2.80 | 1.17 | 0.01 |
Note: *Rates are applicable with effect from 10th August 2019. Simple Interest is applicable on FCNR (B) deposit kept with the bank for 1 year. Whereas, for FCNR (B) deposit of tenure above 1 year interest is compounded at half-yearly frequency.
- No interest is payable if the RFC deposit is withdrawn before 1 year.
- All figures in % per annum
- No interest is payable in case of premature withdrawal before one year. After one year, the premature withdrawal penalty will be 1%. It will be deducted from the rate applicable for the period deposit has remained with the bank or from the contracted rate, whichever is lower.