Key facts
What the official sources publish
Every value below belongs to this exact product. Select a source marker to check its context.
Deposit structureTerm-deposit reinvestment variant with interest added to principal and paid at maturity
Source 1Eligible depositorsResident individuals singly or jointly, minors personally or through a guardian, HUF kartas, firms, companies, local bodies and government departments
Source 2Deposit period6 months to 10 years
Source 3Deposit amountMinimum ₹1,000; no published maximum; ₹3 crore or more is treated as a bulk deposit
Source 4Retail public rates below ₹3 crore5.65% for 180-210 days; 5.90% for 211 days to under 1 year; 6.25% for 1 to under 2 years; 6.40% for 2 to under 3 years; 6.30% for 3 to under 5 years; 6.05% for 5 to 10 yearsEffective 15 Dec 2025
Source 5Retail senior-citizen rates below ₹3 crore6.15% 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; 7.05% for 5 to 10 yearsEffective 15 Dec 2025
Source 6Bulk public rates from ₹3 crore5.60% for 180-210 days; 5.60% for 211 days to under 1 year; 6.25% for 1 to under 2 years; 6.15% for 2 to under 3 years; 6.00% for 3 to under 5 years; 6.00% for 5 to 10 yearsEffective 15 May 2026
Source 7Bulk senior-citizen rates from ₹3 crore6.10% for 180-210 days; 6.10% for 211 days to under 1 year; 6.75% for 1 to under 2 years; 6.65% for 2 to under 3 years; 6.50% for 3 to under 5 years; 6.50% for 5 to 10 yearsEffective 15 May 2026
Source 8Interest treatmentCompounded quarterly, added to principal and paid at the end of the term
Source 9Retail premature-withdrawal penalty0.50% for principal up to ₹5 lakh and 1% above ₹5 lakh, for all tenors; no interest if held under 7 days
Source 10Loan against depositAllowed with 5% margin up to 36 months residual tenor, 10% over 36 through 60 months and 15% above 60 months
Source 11NominationAvailable in favour of an individual only
Source 12Cash-payment restrictionMaturity principal plus interest of ₹20,000 or more is not paid in cash
Source 13Branch transferTransferable among SBI branches
Source 14Tax deduction at sourceTDS applies under Income Tax rules; eligible depositors may submit Form 15G or 15H under applicable rules
Source 15Benefits and features
- Quarterly-compounded interest reinvested until maturity
- Six-month to ten-year tenure range
- Broad resident individual and institutional eligibility
- Premature closure with a published retail penalty schedule
- Deposit-backed loan and within-SBI transfer facilities
Eligibility
- The reviewed page lists resident individuals, minors, HUF kartas, firms, companies, local bodies and government departments.
- Interest is paid only at maturity; customers needing periodic income should compare the standard Fixed Deposit instead.
- Rates depend on amount, tenor, customer category and booking date; deposits from ₹3 crore use the bulk table.
- The unrelated home-loan widget embedded on the page is excluded from the deposit record.
Passing a listed condition does not mean the bank will approve an application.
Documents the bank lists
- KYC and deposit-opening documents applicable to the depositor category under SBI's current rules; the page does not publish a dedicated checklist