What is the highest SBI FD rate for senior citizens?

The highest SBI Senior Citizen FD rate is 7.05% p.a. for deposits between 5 and 10 years.

Is SBI FD Safe for Senior Citizens?

SBI fixed deposits are safe as deposits up to ₹5 lakh per depositor per bank are covered under DICGC insurance.

Can senior citizens get a monthly income from an SBI FD?

Yes. SBI offers non-cumulative fixed deposits where interest can be paid monthly, quarterly, half-yearly, or annually.

What is the minimum amount required to open an SBI Senior Citizen FD?

The minimum amount required to open an SBI Senior Citizen Fixed Deposit is ₹1,000.

Is interest earned on SBI Senior Citizen Fixed Deposits taxable?

Yes. Interest earned on SBI Senior Citizen Fixed Deposits is taxable as per the investor's applicable income tax slab. Banks may deduct TDS if annual FD interest exceeds the prescribed threshold limit.

SBI Senior Citizen Fixed Deposit Rates

Name: SBI Senior Citizen FD Rates
Brand: Interest Rates
Rating: 4.9 (14810 reviews)

SBI offers attractive FD rates for senior citizens ranging from 3.55% to 7.05% p.a. across tenures of 7 days to 10 years. Continue reading for the latest SBI Senior Citizen FD rates and special FD schemes for senior citizens.

SBI Senior Citizen FD Snapshot	Details
Highest Senior Citizen FD Rate	7.05%
FD Tenure Range	7 to 10 Years
Minimum FD Amount	Rs. 1000/-
Premature Withdrawal Facility	Available with a penalty of 0.5% to 1%
Loan Against FD	Up to 90% of the fixed deposit amount.

SBI Senior Citizen FD Rates (Less Than ₹3 Crore)

The table below provides a detailed breakdown of SBI Senior Citizen FD rates for fixed deposits below ₹3 crore across different tenure options

Tenure	Senior Citizen FD Rates (per annum)
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%

Use the SBI FD Calculator below to estimate the maturity amount and interest earned on your SBI fixed deposit based on your investment amount, tenure, and applicable FD rate.

SBI Senior Citizen FD Rates (Above ₹3 Crore)

SBI offers a separate set of FD interest rates for senior citizens looking to invest more than ₹3 crore, depending on the tenure. Here is a quick breakdown of senior citizen FD rates above 3 crore-

Tenure	Senior Citizen FD Rates (per annum)
7 days to 14 days	5.00%
15 days to 45 days	5.50%
46 days to 179 days	5.60%
180 days to 210 days	6.10%
211 days to less than 1 year	6.10%
1 year to less than 2 years	6.75%
2 years to less than 3 years	6.65%
3 years to less than 5 years	6.50%
5 years and up to 10 years	6.50%

Special FD Schemes for Senior Citizens at SBI

In addition to regular fixed deposits, SBI offers special FD schemes for senior citizens. Check the latest SBI senior citizen FD schemes and interest rates below.

Scheme	Tenure	Senior Citizen FD Rates (per annum)
SBI We-care	5 to 10 Years	7.05%
SBI Patons (Super Senior Citizen)	7 days to 10 Years	3.45% to 7.15%
SBI Amrit Vrishti	444 Days	6.95%

SBI We-Care Deposit

SBI We-Care is a dedicated fixed deposit scheme for senior citizens that offers an additional interest rate benefit on deposits with tenures between 5 and 10 years. SBI offers 0.50 bps over and above the existing premium of 0.50 bps offered to senior citizens on other tenures.

SBI Patrons (Super Senior Citizen FD)

SBI Patrons is designed for super senior citizens and provides preferential interest rates across all FD tenures. The scheme offers an additional 0.10% over senior citizen FD rates, aiming to help elderly investors earn slightly higher returns on their savings.

SBI Amrit Vrishti

SBI Amrit Vrishti is a special fixed deposit scheme with a tenure of 444 days. It offers attractive interest rates and can be a suitable option for investors who want to earn competitive returns without locking their funds for a very long period.

Compare SBI Senior Citizen FD Interest Rates with Other Banks

Several banks currently offer higher interest rates than SBI for specific tenures. The table below compares SBI senior citizen Fixed Deposit rates with other banks' FD rates.

Bank	Tenure	Highest Rate
SBI	5 to 10 Years	7.05%
Shivalik Small Finance Bank	21 to 22 Months	8.30%
Suryoday Small Finance Bank	30 Months	8.25%
Utkarsh Small Finance Bank	666 Days	8.25%
Jana Small Finance Bank	370–380 Days	8.00%
Mahindra Finance	48 to 60 Months	7.80%
Indusind Bank	24 to 36 Months	7.75%
Shriram Finance Bank	36 to 60 Months	7.75%
Bajaj Finance	31 to 60 Months	7.75%
RBL Bank	18 to 36 months	7.70%
Sundaram Finance	24 to 60 Months	7.50%
ICICI Housing Finance	48 to 60 Months	7.35%
Indian Bank	555 Days	7.30%
Kotak Mahindra Bank	2 to 3 Years	7.30%
Bank of India	3 years	7.20%
ICICI Bank	3 to 5 Years	7.10%
HDFC Bank	3 to 4 Years	7.00%
Bank of Baroda	5 to 10 Years	7.00%
Axis Bank	15 Months to 5 Years	6.95%