Get details on SBI saving interest rates. Enjoy convenience of banking from anywhere and anytime with a SBI Savings Bank account. You can access your account 24×7 through Tele Banking and Mobile Banking.

State Bank of India provides information on the various Interest rates offered by it on various loans and deposit schemes. Details of Up-to-date interest rates scheme-wise is given in the sections one could. SBI Term wise FD interest rates. SBI fixed deposits can be further categorized as short-term, medium-term and long-term depending on tenure. Short-term Fixed Deposit: SBI FD interest rate for tenure ranging from 7 days to 365 days range from 2.90% to 4.40% p.a. As for senior citizens, short-term interest rates. Features & Benefits of SBI Fixed Deposit 1. Competitive rate of interest - Investors in SBI fixed deposits can get up to 5.40% rate of interest on their deposits. In case of senior citizens, the interest rate goes up to 6.20%. SBI FD Interest Rates State Bank of India (SBI) Fixed Deposit Interest Rates are between 2.90% and 5.40%. For senior citizens the FD rates are between 3.40% and 5.40%. The FD interest rate for other customers is between 2.90% and 4.90%. Rates for R 1.00 Mio and above on request only; Senior Citizens (age:65 years or more) on deposits of 24 months and above to get additional 25 bps interest. All Interest rates are for single Deposit amounts.

Table of Contents

2 Types of SBI Savings Account

SBI Interest Rate on Savings Bank Deposits

Particulars	Interest Rate
Savings Deposits Balance upto Rs. 1 crore	3.50% p.a.
Savings Deposits Balance above Rs. 1 crore	4.00% p.a.

Types of SBI Savings Account

Savings Plus Account is a Savings Bank Account linked to MODS, wherein surplus fund above a threshold limit from the Savings Bank Account is transferred automatically to Term Deposits opened in multiples of Rs. 1000.

Features of Saving Plus Account

Eligibility	Any individual eligible to open saving bank account
Monthly Average Balance (MAB) Requirement (As per location)	Metro - Rs. 5000/- Urban - Rs. 3000/- Semi-urban - Rs. 2000/- Rular - Rs. 1000/-
Mode of Operation	Singly, jointly, or with Either or Survivor, Former or Survivor, Anyone or Survivor, etc. Facility.
Rate of Interest	As applicable to Savings Bank Accounts.
Minimum threshold limit for transfer to MOD	Rs 35,000/-
Minimum amount of transfer to MOD	Rs 10,000/- in multiples of Rs 1,000/- at one instance.
Choice of break open of TDRs	The customer has to specify whether’ First in First Out” or “Last in First out” principle should be applied for break opening of deposits. In absence of any mandate the “last in First out” principle will be applied.
Period of deposit	1-5 Years
Facilities offered	All facilities offered to savings bank account holders such as ATM card, mobile banking, Inter Net banking, SMS alerts are available in this account.
Loan against MOD deposits	Available
Most Important Terms & Conditions	Savings Bank linked to Multi Option Deposit (MOD) account, for auto sweep, for issue of Term Deposits and unitized break-up facilities. Any surplus funds retaining a minimum of Rs. 25000/ in Savings Bank (to be set up by the customer) will be transferred as Term Deposit with a minimum of Rs. 10,000/- and in multiple of Rs. 1,000/- at one instance.

BASIC SAVINGS BANKDEPOSIT ACCOUNT ( BSBD Account )- This account can be opened by any individual provided he/she has valid KYC documents. Primarily meant for poorer sections of society to encourage them to start saving without any burden of charges or fees.

Eligibility For Basic Saving Bank deposit Account

Eligibility	As applicable to regular Savings Bank Account
KYC requirement	The account will be KYC compliant.
Mode of Operation	Singly, jointly, or with Either or Survivor, Former or Survivor, anyone or Survivor etc. Facility.
Available at	All branches
Minimum balance amount	Nil
Maximum balance /amount	No upper limit
Rate of Interest	As applicable to Savings Bank Accounts
Operations in the Account	Using withdrawal forms at Branches or through ATMs. Basic RuPayATM-cum-debit card will be issued.
Service Charges	Basic RuPay ATM-cum-Debit card will be issued free of cost and no annual maintenance charge will be applied. Receipt/ credit of money through electronic payment channels like NEFT/RTGS will be free Deposit/ collection of cheques drawn by Central/State Government will be free No charge on activation of inoperative accounts No account closure charges.
Most Important Terms & Conditions	The Customer cannot have any other Savings Bank Account, if he/she has a Basic Savings Bank Deposit Account. If the customer already has a Savings Bank Account, the same will have to be closed within 30 days of opening a Basic Savings Bank Deposit Account. Maximum 4 withdrawals in a month, including ATM withdrawals at own and other Bank's ATMs and transactions through other mode including RTGS/NEFT/Clearing/Branch cash withdrawal/transfer/internet debits/standing instructions/EMI, etc. No further customer debits would be allowed during the month.

This account can be opened by any individual above 18 years old, who do not have Officially Valid KYC documents. There are many restrictions in operation of the account due to the relaxed KYC. Account can be converted to Regular Savings Account upon submission of KYC documents. Primarily meant for poorer sections of society to encourage them to start saving without any burden of charges or fees.

Features of SBI Small Account

Eligibility As applicable to regular Savings Bank Account

KYC requirement	Liberalized (Submission of self-attested photograph and affixation of signature or thumb impression before the officer of the Bank who is authorized to approve opening of accounts).
Mode of Operation	Singly, jointly, or with Either or Survivor, Former or Survivor, anyone or Survivor etc facility.
Available at	All branches except specialized branches e.g. Personal Banking Branches (PBBs)/ Special Personalize Banking (SPB)/ Mid Corporate Group (MCG)/ Corporate Account Group (CAG) branches.
Minimum balance amount	Nil
Maximum balance /amount	Rs. 50,000/-
Rate of Interest	As applicable to Savings Bank Accounts.
Operations in the Account	Using withdrawal form or through ATM. Basic RuPay ATM-cum-debit card will be issued.
Service Charges	Basic RuPay ATM-cum-Debit card will be issued free of cost and no annual maintenance charge will be applied. Receipt/ credit of money through electronic payment channels like NEFT/RTGS will be free. Deposit/ collection of cheques drawn by Central/State Government will be free. No Account closure charges.
Most Important Terms & Conditions	Balance at any point of time should not exceed Rs 50,000/-. Aggregate of all withdrawals and transfers in a month should not exceed Rs 10,000/-. Aggregate of all credits in a Financial Year should not exceed Rs. 1.00 lac. If the balance exceeds Rs. 50,000/- or total credit in the account exceeds Rs. 1,00,000/- in a year, no further transaction will be permitted until the full KYC procedure is completed Maximum 4 withdrawals in a month, including ATM withdrawals at own and other Bank's ATMs and transactions through other mode including RTGS/NEFT/Clearing/Branch cash withdrawal/transfer/internet debits/standing instructions/EMI, etc. No further customer debits would be allowed during the month. Foreign Remit

Sbi Deposit Interest Rates