SBI Cuts Fixed Deposit Interest Rates From December 15; New Slabs To Impact All Investors
SBI Cuts Fixed Deposit Interest Rates From December 15; New Slabs To Impact All Investors
India’s largest public-sector bank revises FD returns, including its popular 444-day Amrit Vrishti scheme.
State Bank of India (SBI) has reduced interest rates on several fixed deposit (FD) tenures, with the revised slabs becoming effective from December 15, 2025. The move will affect general customers, senior citizens, and super senior citizens, especially those who depend on FDs for steady income.
According to SBI’s website, the bank has trimmed rates across select tenures and also revised the interest offered under the Amrit Vrishti (444-day) special scheme.
The 2-year to less-than-3-year tenure has seen a 5 basis point (bps) reduction.
General citizens will now receive 6.40%, down from 6.45%, while senior citizens will get 6.90%, reduced from 6.95%.
The revision also applies to SBI’s widely preferred Amrit Vrishti 444-day FD.
The interest rate for general customers has dropped from 6.60% to 6.45%.
For senior citizens, the rate has been reduced from 7.10% to 6.95%, and for super senior citizens, from 7.20% to 7.05%.
SBI has reiterated that super senior citizens (80+ years) receive an additional 10 bps over the senior citizen rate. However, this top-up benefit is not available for several schemes, including Recurring Deposit accounts, Green Rupee deposits, Tax Saver Scheme 2006, MODS, Capgain, and non-callable term deposits.
The bank has also revised its lending rates for the same effective date.
With these changes, customers planning fresh FDs or those depending on interest income may need to reassess their financial plans. The rate cut signals a cooling cycle in deposit returns after a long period of stable or rising interest rates across the banking sector.
Disclaimer: Financial decisions should be taken after evaluating personal risk and consulting a qualified advisor.
