IndiaBanks.org · independent research

Fixed & recurring deposits

SBI Non-Callable Retail Term Deposit

A branch-booked ₹1,00,01,000-to-below-₹3-crore TDR or STDR for one or two years, paying a premium over SBI's callable retail term-deposit rates in exchange for tightly restricted early withdrawal.

Public non-callable rates6.55% p.a. for 1 year and 6.80% p.a. for 2 yearsSenior-citizen non-callable rates7.05% p.a. for 1 year and 7.30% p.a. for 2 yearsAvailable tenorsExactly 1 year or 2 years
Official product page ↗Compare category
✓ Manually checked 12 Aug 2026 · active
Offered byState Bank of India

Available through SBI branch CBS for eligible resident customers

Key facts

What the official sources publish

Every value below belongs to this exact product. Select a source marker to check its context.

Eligible depositorsResident individuals and resident non-individual customers; minors are excluded and SBI directs NRI customers to a separate scheme
Source 1
Deposit amountMinimum ₹1,00,01,000, then in multiples of ₹1,000; maximum is below ₹3 crore
Source 2
Available tenorsExactly 1 year or 2 years
Source 3
Public non-callable rates6.55% p.a. for 1 year and 6.80% p.a. for 2 yearsEffective 15 Dec 2025
Source 4
Senior-citizen non-callable rates7.05% p.a. for 1 year and 7.30% p.a. for 2 yearsEffective 15 Dec 2025
Source 5
Eligible deposit formsTDR or STDR only; not available under another term-deposit scheme
Source 6
Interest payoutTDR: monthly, quarterly, half-yearly or yearly; STDR: at maturity with principal
Source 7
Premature withdrawalNot allowed except under a court or regulator direction, winding up or bankruptcy, death of an individual depositor, or SBI's right of set-off
Source 8
Credit facilityDemand loan available; overdraft not allowed
Source 9
Booking channelSBI branch CBS only
Source 10
Tax deduction at sourceTDS applies under the Income Tax Act
Source 11

Benefits and features

  • Premium over SBI's corresponding callable retail term-deposit card rate
  • Choice of TDR periodic payout or STDR maturity payout
  • Demand-loan facility against the deposit
  • One-year and two-year fixed-tenor options

Eligibility

  • Minors are excluded, and SBI publishes a separate non-callable scheme for NRI customers.
  • The principal must be at least ₹1,00,01,000 and remain below ₹3 crore.
  • Senior citizens and eligible SBI staff categories receive their applicable additional interest over the public non-callable rate.
  • Premature withdrawal is unavailable for ordinary liquidity needs; compare a callable fixed deposit if early access may be required.
  • The unrelated home-loan widget embedded on the page is excluded from this record.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • KYC and term-deposit booking documents applicable to the customer category under SBI's current branch rules; the page does not publish a dedicated checklist

Field-level evidence

Where each fact came from

Short context only; open the official page or document for the complete terms.

1

Eligible depositors

high confidence
The product page expressly excludes minors and notes that a separate NRI scheme is available.
Source
SBI Non-Callable Retail Term Deposit (NCD-R)
Page / section
Features — Eligibility
Accessed
12 Aug 2026
Open official source ↗
2

Deposit amount

high confidence
SBI states the minimum as one crore and one thousand rupees and the maximum as less than three crore rupees.
Source
SBI Non-Callable Retail Term Deposit (NCD-R)
Page / section
Features — Minimum and maximum
Accessed
12 Aug 2026
Open official source ↗
3

Available tenors

high confidence
The page lists only one-year and two-year booking options.
Source
SBI Non-Callable Retail Term Deposit (NCD-R)
Page / section
Features — Tenor(s)
Accessed
12 Aug 2026
Open official source ↗
4

Public non-callable rates

high confidence
Calculated directly as 6.25% + 0.30 percentage points for one year and 6.40% + 0.40 percentage points for two years; rates can change with SBI's card table.
Source
SBI Retail Domestic Term Deposit Rates and NCD-R mark-up
Page / section
Public card-rate rows effective 15 December 2025 plus NCD-R 30-bps and 40-bps mark-ups
Accessed
12 Aug 2026
Open official source ↗
5

Senior-citizen non-callable rates

high confidence
Calculated directly as 6.75% + 0.30 percentage points for one year and 6.90% + 0.40 percentage points for two years. SBI also says eligible staff categories receive their applicable additional rate over the public non-callable rate.
Source
SBI Retail Domestic Term Deposit Rates and NCD-R mark-up
Page / section
Senior-citizen card-rate rows effective 15 December 2025 plus NCD-R 30-bps and 40-bps mark-ups
Accessed
12 Aug 2026
Open official source ↗
6

Eligible deposit forms

high confidence
SBI limits NCD-R to TDR and STDR forms rather than every named term-deposit scheme.
Source
SBI Non-Callable Retail Term Deposit (NCD-R)
Page / section
Features — Eligible Products
Accessed
12 Aug 2026
Open official source ↗
7

Interest payout

high confidence
Periodic payouts are available only for TDR; STDR compounds to maturity.
Source
SBI Non-Callable Retail Term Deposit (NCD-R)
Page / section
Features — Interest Pay out Option
Accessed
12 Aug 2026
Open official source ↗
8

Premature withdrawal

high confidence
These are the page's only published exceptions to its strict no-premature-withdrawal rule.
Source
SBI Non-Callable Retail Term Deposit (NCD-R)
Page / section
Features — Premature Withdrawal
Accessed
12 Aug 2026
Open official source ↗
9

Credit facility

high confidence
The published facility is a demand loan only, not an overdraft.
Source
SBI Non-Callable Retail Term Deposit (NCD-R)
Page / section
Features — Loan Facility
Accessed
12 Aug 2026
Open official source ↗
10

Booking channel

high confidence
No online booking channel is stated for this product.
Source
SBI Non-Callable Retail Term Deposit (NCD-R)
Page / section
Features — Available through Channel
Accessed
12 Aug 2026
Open official source ↗
11

Tax deduction at source

high confidence
The page does not publish a fixed TDS percentage or threshold.
Source
SBI Non-Callable Retail Term Deposit (NCD-R)
Page / section
Features — TDS Application
Accessed
12 Aug 2026
Open official source ↗

Related official documents

SBI Retail Domestic Term Deposit Ratesofficial-rate-table · current · accessed 12 Aug 2026
↗

More from State Bank of India

Related products

SBI Advantage FCNR(B) Deposit

A limited-period three- to five-year US-dollar FCNR(B) deposit with two balance-tier rate bands and a one-year lock-in.

View product

SBI Annuity Deposit Scheme

A lump-sum deposit repaid through monthly instalments comprising principal and interest on the reducing balance.

View product

SBI Capgains Plus Account

A Capital Gains Account Scheme product offering a linked savings account and term deposits for temporarily holding eligible capital-gain proceeds.

View product

SBI FCNR(B) Account

A one- to five-year foreign-currency term deposit available in six currencies, with principal and interest payable in the deposit currency.

View product