Rates verified from official source

State Bank of India interest rates · November 2026

Top FD rate
6.45%
444 days (Amrit Vrishti) · Amrit Vrishti 444 days
Senior citizen FD
7.05%
5 years and up to 10 years
Top RD rate
6.40%
2 years to less than 3 years
Savings rate
2.50%
All balances
Top NRE FD rate
6.45%
444 days (Amrit Vrishti)
Top FCNR(B) rate
4.50%
USD · 1 year - less than 2 years

SBI FD rates

1 year6.25%Senior 6.75%3 years6.30%Senior 6.80%5 years6.05%Senior 7.05%
All tenures, calculator and comparison →

What will my FD earn at SBI?

Estimated value after 1 year · before tax ₹5,31,990 6.25% p.a. · ₹31,990 interest · quarterly compounding
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Plan your recurring deposit at SBI

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Before opening an RD

Estimates assume on-time monthly installments and quarterly compounding. Confirm the term, minimum installment, late payment rules, and early closure terms with the bank.

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Overview

State Bank of India (SBI) is a nationalised public sector bank, headquartered in Mumbai, established in 1955. Its headline 1-year FD rate of 6.25% is in line with the public sector average of 6.26%, ranking #739 of 1033 banks on RateScan.in.

Headquarters
Mumbai
Established
1955
Branches
~22,500 approx.
ATMs
~65,000 approx.
Total business
~₹84 lakh crore approx.
Monitored since
18 Sept 2026
Ownership
Government of India (majority stakeholder)
Operates in
All India (nationwide)

Figures marked “approx.” are rounded public estimates as of 2024.

Financial health
CRAR
13.98%
Capital adequacy
Net NPA
0.47%
Bad loans (net)
Credit rating CRISIL, ICRA
AAA
Rating details ↓

Health indicators sourced from official 2025 disclosures. CRAR ≥ 16% = strong · Net NPA < 1% = healthy · Verify before investing.

Rates as of 15 Aug 2026, verified from official source. Majority Government-of-India owned: deposits insured by DICGC up to ₹5,00,000.

RBI record

Every RBI press release since 1 Jan 2024 that names State Bank of India, newest first, each linked to RBI. Checked every week; last on 11 Nov 2026.

A monetary penalty is a fine for not following an RBI rule. On its own it does not stop the bank taking or repaying deposits; RBI does that through directions, which are listed here when they apply.

  1. RBI fined the bank ₹1,72,80,000

    RBI's reason: “for non-compliance with certain directions issued by RBI on ‘Loans and Advances- Statutory and Other Restrictions’, ‘Customer Protection – Limiting Liability of Customers in Unauthorised Electronic Banking Transactions’ and ‘Opening of Current Accounts by Banks - Need for Discipline’”

    What RBI found

    “The bank extended a bridge loan to an entity against amounts receivable from the Central / State Government by way of subsidy / reimbursement; The bank failed to (i) credit (shadow reversal) the amount involved in unauthorised electronic transactions to certain customer accounts within 10 working days from the date of notification by the customer and (ii) compensate certain customers within 90 days from the date of receipt of the complaint; The bank opened / maintained certain current accounts in contravention of regulatory requirements.”

    RBI says: “The action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.”

    RBI press release 2025-2026/303

  2. RBI fined the bank ₹2.00 crore

    RBI's reason: “for contravention of provisions of sub-section (2) of Section 19 of the Banking Regulation Act, 1949 (the BR Act), and sub-section (2) of Section 26A of the BR Act read with the Depositor Education Awareness Fund Scheme, 2014”

    What RBI found

    “It (i) held shares as pledgee of an amount exceeding thirty per cent of paid-up share capital of certain companies and (ii) failed to credit eligible amount to Depositor Education and Awareness Fund within the period prescribed in the BR Act.”

    RBI says: “This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.”

    RBI press release 2023-2024/1938

This record covers RBI press releases only. Other actions, such as those of a state's Registrar of Co-operative Societies, are not included.

Branches

24,335 branches in 619 districts

Most branches: Delhi 453, Bengaluru Urban 436, Mumbai 309

From RBI's IFSC directory (updated 1 Nov 2026). Counts can include recently merged or closed branches; check the bank's branch locator before visiting.

SBI Fixed Deposit rate changes

Changes to SBI's fixed deposit (FD) rates that RateScan.in has recorded since it started tracking them on 18 Sept 2026. Each date is when RateScan.in first recorded the new rate; the bank's own effective date is in the rate table above.

27 Oct 2026
▲ 28 raised+0.05 to +0.25 pp
  • 31–45 days · General5.75% → 6.00% 0.25 pp
  • 46–90 days · General5.80% → 6.05% 0.25 pp
  • 46–90 days · General5.85% → 6.10% 0.25 pp
Show all 28 changesShow fewer
  • 46–90 days · General5.90% → 6.15% 0.25 pp
  • 1 year to less than 2 years · General · ₹3 crore to ₹25 crore6.25% → 6.45% 0.20 pp
  • 121–179 days · General6.40% → 6.55% 0.15 pp
  • 121–179 days · General6.45% → 6.60% 0.15 pp
  • 121–179 days · General6.50% → 6.65% 0.15 pp
  • 15–30 days · General5.60% → 5.75% 0.15 pp
  • 180 days to 210 days · General · ₹3 crore to ₹25 crore5.50% → 5.65% 0.15 pp
  • 211 days to less than 1 year · General · ₹3 crore to ₹25 crore5.60% → 5.75% 0.15 pp
  • 7–14 days · General5.25% → 5.40% 0.15 pp
  • 91–120 days · General6.35% → 6.50% 0.15 pp
  • 91–120 days · General6.40% → 6.55% 0.15 pp
  • 91–120 days · General6.45% → 6.60% 0.15 pp
  • 211–299 days · General6.50% → 6.60% 0.10 pp
  • 211–299 days · General6.55% → 6.65% 0.10 pp
  • 211–299 days · General6.65% → 6.75% 0.10 pp
  • 300–364 days · General6.50% → 6.60% 0.10 pp
  • 300–364 days · General6.55% → 6.65% 0.10 pp
  • 300–364 days · General6.65% → 6.75% 0.10 pp
  • 365–456 days · General6.65% → 6.75% 0.10 pp
  • 365–456 days · General6.70% → 6.80% 0.10 pp
  • 365–456 days · General6.80% → 6.90% 0.10 pp
  • 46 days to 179 days · General · ₹3 crore to ₹25 crore4.85% → 4.95% 0.10 pp
  • 180–210 days · General6.55% → 6.60% 0.05 pp
  • 180–210 days · General6.60% → 6.65% 0.05 pp
  • 180–210 days · General6.65% → 6.70% 0.05 pp

See all SBI rate changes →

Compare SBI with other banks

See SBI FD rates side by side against India's top banks.

SBI vs PNBSBI vs BoBSBI vs CanaraSBI vs UnionSBI vs BOISBI vs HDFCSBI vs ICICISBI vs AxisSBI vs KotakSBI vs IndusIndSBI vs YesSBI vs IDFC FirstSBI vs FederalSBI vs BandhanSBI vs RBLSBI vs AUSBI vs EquitasSBI vs Ujjivan

Credit rating

What independent credit rating agencies say about State Bank of India. Every rating links to the document it comes from, so you can check it yourself.

AAA
Headline rating
Fixed deposits · CRISIL, ICRA · Stable
Highest safety: lowest credit risk
Latest rating action: 24 Jul 2026
AgencyInstrument RatingOutlook PublishedSource
CRISIL Fixed deposits
Fixed Deposits programme
 AAA Stable Reaffirmed
24 Jul 2026
 Agency rationale
ICRA Fixed deposits
As printed in SBI's Annual Report 2024-25; ICRA's own current rationale not retrieved
 AAA Stable Listed by bank
Date not shown on the bank's page
 Bank's page
CRISIL Basel III Tier II bonds ₹34,815.1 cr AAA Stable Reaffirmed
24 Jul 2026
 Agency rationale
India Ratings Issuer rating
Long-term issuer rating affirmed
 AAA Stable Reaffirmed
5 Mar 2026
 Exchange filing
India Ratings Basel III Tier II bonds
New ₹7,500 crore issue assigned; ₹17,500 crore affirmed
 AAA Stable Assigned
5 Mar 2026
 Exchange filing
CRISIL Infrastructure / long-term bonds ₹10,000 cr AAA Stable Reaffirmed
24 Jul 2026
 Agency rationale
CRISIL Basel III Tier I (AT1) bonds ₹5,000 cr
New ₹5,000 crore Tier I issue; existing Tier I bonds reaffirmed at AA+
 AA+ Stable Assigned
24 Jul 2026
 Agency rationale
CRISIL Certificates of deposit (short-term) ₹30,000 cr A1+ – Reaffirmed
24 Jul 2026
 Agency rationale
India Ratings Basel III Tier I (AT1) bonds AA+ Stable Reaffirmed
5 Mar 2026
 Exchange filing
How to read these ratings
  • Scale: AAA is the highest long-term grade (lowest credit risk), then AA (very low risk), A (low risk) and BBB (moderate risk, the lowest investment grade). A + or − moves a grade up or down a notch. Short-term ratings such as A1+ cover obligations of up to a year.
  • Outlook: Stable, Positive or Negative is the agency's view of where the rating is likely to go over the next one to two years. Rating watch means the agency is reviewing the rating after a specific event, such as a change of owner.
  • Instrument: a rating belongs to a specific instrument, not to the whole bank. Tier I (AT1) and Tier II bonds can be written down if the RBI declares a bank non-viable, so they are usually rated no higher than the bank's deposits.
  • Headline grade: we use the rating on fixed deposits where an agency gives one; otherwise the issuer or Tier II rating. We take each agency's latest rating and show the lowest, so the headline is never more generous than any agency's latest view.
  • A rating is an opinion about the ability to repay on time. It is not a guarantee or a recommendation. Whatever the rating, deposits in a bank are insured by DICGC up to ₹5 lakh per depositor per bank (principal and interest together).

Sources: we list a rating only when we can point to the document that states it: the agency's own rating rationale, the bank's Regulation 30 filing on the NSE or BSE, a rating letter, or the bank's own rating page. A weekly automated check re-opens each linked document to confirm it still shows the grade and scans stock-exchange announcements for new rating filings. Last checked: 9 Nov 2026.

Check it yourself: CRISIL · ICRA · CARE · India Ratings · Infomerics · SBI Annual Report ratings page

Ratings change. Confirm the current rating with the agency before you invest. This is information, not investment advice.

Good to know

  • Deposits with State Bank of India are insured by DICGC up to ₹5,00,000 per depositor per bank (principal and interest combined, across all its branches). Anything above that is not insured.
  • SBI is a public sector bank, majority owned by the Government of India. Deposit insurance is still the DICGC cover above.
  • Senior citizens (60+) earn up to 1.00% p.a. more than general customers at SBI, depending on the tenure.
  • SBI's FD table includes 3 special schemes; check eligibility and end dates.
official Effective 15 Aug 2026 · Ingested 18 Oct 2026 · Verified 13 Nov 2026 · View source

Informational only. Always confirm the current rate on the official SBI website before investing. Bank names and associated colors are used for identification purposes only. All bank names, logos, and trademarks are the property of their respective owners. RateScan.in is not affiliated with, endorsed by, or sponsored by any bank.