Key facts
What the official sources publish
Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.
Eligible customersResident individuals, including minors, with single or joint holdingView source
The page does not list non-individual or non-resident customers as eligible.
- Source
- Annuity Deposit Scheme
- Page / section
- Eligibility
- Accessed
- 12 Aug 2026
- Confidence
- high
Monthly annuity structureMonthly instalments comprise part of principal plus interest on the reducing principal, compounded at quarterly rests and discounted to monthly valueView source
This is not an interest-only payout: each monthly annuity also returns a portion of the original lump sum.
- Source
- Annuity Deposit Scheme
- Page / section
- Scheme introduction and Features
- Accessed
- 12 Aug 2026
- Confidence
- high
Available periods36, 60, 84 or 120 monthsView source
Only these four fixed periods are published.
- Source
- Annuity Deposit Scheme
- Page / section
- Features — period of deposit
- Accessed
- 12 Aug 2026
- Confidence
- high
Deposit amountPrincipal is calculated to provide at least ₹1,000 monthly annuity for the chosen period; no published maximumView source
A single fixed minimum principal is not inferred because it depends on the selected period and applicable interest rate.
- Source
- Annuity Deposit Scheme
- Page / section
- Features — deposit amount
- Accessed
- 12 Aug 2026
- Confidence
- high
Current public rates6.30% for 36 months; 6.05% for 60, 84 or 120 monthsEffective 15 Dec 2025View source
The product page says public term-deposit rates apply. These values map 36 months to the 3-to-under-5-year row and 60-120 months to the 5-to-10-year row.
- Source
- Retail Domestic Term Deposit Rates
- Page / section
- Public term-deposit rows for the scheme's four tenors
- Accessed
- 12 Aug 2026
- Confidence
- high
Current senior-citizen rates6.80% for 36 months; 7.05% for 60, 84 or 120 monthsEffective 15 Dec 2025View source
The 7.05% five-to-ten-year rate includes published We-care premium and remains subject to its eligibility rules.
- Source
- Retail Domestic Term Deposit Rates
- Page / section
- Senior Citizen term-deposit rows for the scheme's four tenors
- Accessed
- 12 Aug 2026
- Confidence
- high
Monthly payment datePaid on the anniversary date in the month after deposit; if that date does not exist for the 29th, 30th or 31st, payment is on the first day of the next monthView source
The fallback applies when the corresponding calendar date is absent.
- Source
- Annuity Deposit Scheme
- Page / section
- Features — payment of annuity
- Accessed
- 12 Aug 2026
- Confidence
- high
Premature paymentAllowed for deposits up to ₹15 lakh with the applicable term-deposit penalty; on the depositor's death, allowed without an amount limitView source
The reviewed page does not state the numeric term-deposit penalty, so none is inferred here.
- Source
- Annuity Deposit Scheme
- Page / section
- Features and Terms and Conditions — premature payment
- Accessed
- 12 Aug 2026
- Confidence
- high
Loan or overdraftUp to 75% of the annuity balance may be granted in special cases; later annuity payments are credited only to the loan accountView source
The page describes this as discretionary for special cases, not a guaranteed entitlement.
- Source
- Annuity Deposit Scheme
- Page / section
- Features — Overdraft/loan
- Accessed
- 12 Aug 2026
- Confidence
- high
Other facilitiesIndividual-only nomination, universal passbook instead of a term-deposit receipt, and transfer among SBI branchesView source
Branch transfer means transfer within , not to another bank.
- Source
- Annuity Deposit Scheme
- Page / section
- Features — nomination, passbook and transferability
- Accessed
- 12 Aug 2026
- Confidence
- high
Senior-citizen rateFor retail deposits below ₹3 crore, the senior-citizen rate is 3.55% for 7–45 days, 5.40% for 46–179 days, 6.15% for 180–210 days, 6.40% for 211 days to under 1 year, 6.75% for 1 to under 2 years, 6.90% for 2 to under 3 years, 6.80% for 3 to under 5 years, and 7.05% for 5 to 10 years. Rates are effective 15 December 2025; the 5–10-year rate includes the 50-basis-point SBI We-care premium.Effective 15 Dec 2025View source
The issuer publishes separate revised senior-citizen rows for each tenor and notes that We-care adds 50 bps to the 5–10-year rate.
- Source
- Retail Domestic Term Deposits - Interest Rates
- Page / section
- Revision in Interest Rates on Retail Domestic Term Deposits (Below ₹3 crore)
- Accessed
- 28 Aug 2026
- Confidence
- high
Interest payout / redemptionThe minimum principal varies with the selected period and rate because it is derived from a ₹1,000 minimum monthly annuity.View source
The manually reviewed product record states: “The minimum principal varies with the selected period and rate because it is derived from a ₹1,000 minimum monthly annuity.”.
- Source
- Annuity Deposit Scheme — official product page
- Page / section
- Published product metadata
- Accessed
- 12 Aug 2026
- Confidence
- high
Minimum depositThe minimum principal varies with the selected period and rate because it is derived from a ₹1,000 minimum monthly annuity.View source
The manually reviewed product record states: “The minimum principal varies with the selected period and rate because it is derived from a ₹1,000 minimum monthly annuity.”.
- Source
- Annuity Deposit Scheme — official product page
- Page / section
- Published product metadata
- Accessed
- 12 Aug 2026
- Confidence
- high
Benefits and features
- Monthly return of principal plus interest
- Four fixed payout periods from three to ten years
- Resident-minor and joint-holding eligibility
- No published maximum principal
- Special-case loan or overdraft facility
Eligibility
- Only resident individuals, including minors, are listed as eligible; accounts may be held singly or jointly.
- The minimum principal varies with the selected period and rate because it is derived from a ₹1,000 minimum monthly annuity.
- Ordinary premature payment is limited to deposits up to ₹15 lakh; the death exception has no amount limit.
- The embedded promotional rate widget is stale; the separately reviewed official retail rate table controls the rates shown here.
Passing a listed condition does not mean the bank will approve an application.
Documents the bank lists
- , minor-account and deposit-opening documents applicable under current rules; the annuity-deposit page does not publish a dedicated checklist
Related official documents
SBI Retail Domestic Term Deposit Ratesofficial-rate-table · current · accessed 12 Aug 2026
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