New Delhi, August 20, 2026: State Bank of India (SBI) has revised the interest rates on its domestic bulk term deposits of ₹3 crore and above. The revised rates are effective from August 15, 2026, according to the interest-rate table published on SBI’s official website.
The latest revision has reduced interest rates on selected short-term bulk deposits, while the rates for deposits with tenures of 211 days and above remain unchanged.
SBI Bulk FD Rates Revised for ₹3 Crore and Above
SBI has reduced the interest rate by 25 basis points on three short-term deposit categories: 7 to 14 days, 15 to 45 days and 46 to 179 days.
For deposits with a tenure of 180 to 210 days, the bank has reduced the rate by 10 basis points.
There is no change in the rates for bulk deposits with tenures beginning from 211 days up to 10 years.
SBI FD Interest Rates From August 15, 2026
According to SBI’s official rate table, the revised rates are as follows:
| Deposit Tenure | General Public | Senior Citizens |
|---|---|---|
| 7 days to 14 days | 4.25% | 4.75% |
| 15 days to 45 days | 4.75% | 5.25% |
| 46 days to 179 days | 4.85% | 5.35% |
| 180 days to 210 days | 5.50% | 6.00% |
| 211 days to less than 1 year | 5.60% | 6.10% |
| 1 year to less than 2 years | 6.25% | 6.75% |
| 2 years to less than 3 years | 6.15% | 6.65% |
| 3 years to less than 5 years | 6.00% | 6.50% |
| 5 years to 10 years | 6.00% | 6.50% |
All rates are per annum. The figures above are taken from SBI’s official domestic bulk-term-deposit rate table.
How Much Has SBI Reduced the FD Rates?
The reduction is limited to the shorter-tenure bulk deposits.
For deposits of 7 to 14 days, the rate for the general public has been reduced from 4.50% to 4.25%. For senior citizens, the rate has moved from 5.00% to 4.75%.
For the 15 to 45-day category, the general-public rate has declined from 5.00% to 4.75%, while the senior-citizen rate has declined from 5.50% to 5.25%.
For deposits of 46 to 179 days, the rate has been reduced from 5.10% to 4.85% for the general public and from 5.60% to 5.35% for senior citizens.
For the 180 to 210-day tenure, SBI has reduced the general-public rate from 5.60% to 5.50% and the senior-citizen rate from 6.10% to 6.00%.
No Rate Change for Bulk FDs of 211 Days and Above
SBI has retained the existing rates for bulk deposits with maturities from 211 days to less than one year and for all the longer-tenure categories listed up to 10 years.
The general-public rate remains 5.60% for 211 days to less than one year, 6.25% for one year to less than two years, 6.15% for two years to less than three years, and 6.00% for three years to less than five years and five to 10 years.
The corresponding senior-citizen rates remain 6.10%, 6.75%, 6.65% and 6.50%, respectively.
Revised Rates Apply to Fresh Deposits and Renewals
SBI has stated that the revised interest rates will apply to fresh deposits and renewals of maturing deposits.
The bank has also stated that other terms and conditions applicable to retail and bulk term deposits remain unchanged under this revision.
SBI Bulk FD Premature Withdrawal Penalty
According to SBI’s official notification, the premature withdrawal penalty for bulk term deposits is 1% for all tenures. The penalty applies to new deposits, including renewals.
What Does the SBI FD Rate Revision Mean for Depositors?
The August 15 revision specifically concerns domestic bulk term deposits of ₹3 crore and above. The revised rates should therefore be considered by customers placing funds in this bulk-deposit category.
SBI separately publishes interest rates for domestic term deposits below ₹3 crore. The bank’s deposit-rate page distinguishes between retail domestic term deposits and domestic bulk term deposits.
Customers planning a fresh deposit or renewal should check the applicable SBI rate for the deposit amount, tenure and customer category before proceeding.
SBI FD Interest Rate Revision 2026: Key Points
- Bank: State Bank of India
- Deposit category: Domestic Bulk Term Deposits
- Deposit amount: ₹3 crore and above
- New rates effective: August 15, 2026
- 7–14 days: 25 bps reduction
- 15–45 days: 25 bps reduction
- 46–179 days: 25 bps reduction
- 180–210 days: 10 bps reduction
- 211 days to 10 years: No change
- Revised rates apply to: Fresh deposits and renewals of maturing deposits
- Premature withdrawal penalty: 1% for bulk term deposits for all tenures
The latest SBI rate revision is limited to the specified domestic bulk-term-deposit categories. Depositors can refer to SBI’s official interest-rate information for the applicable rate before opening or renewing a fixed deposit.
Official source: SBI Domestic Bulk Term Deposit Interest Rates
