SBI Fixed Deposit Rates

State Bank of India provides information on the various Interest rates offers by it on various loans and deposit schemes. Details of Up-to-date interest rates scheme-wise is given in the section one could click on to.
Interest Rate (p.a)
2.90% - 5.65%
Minimum Deposit
₹1,000
Maximum Deposit
₹1Cr
Lock In
12 months
Tenure
1yr - 10yrs
Senior Citizen
Extra 0.5% p.a.
Didyou know?
Hubble Money offers 10% returns on your savings. 

SBI Bank FD Interest Rate 2022

Tenure
General Public FD Rate
Senior Citizens FD Rate
7 days to 45 days
46 days to 179 days
180 days to 210 days
211 days to less than 1 year
1 year to less than 2 year
2 years to less than 3 years
3 years to less than 5 years
5 years and up to 10 years
2.9%
3.9%
4.55%
4.6%
5.45%
5.5%
5.6%
5.65%
3.4%
4.4%
5.05%
5.1%
5.95%
6.0%
6.1%
6.45%

FAQs on SBI FD Interest Rates

1. What is the highest interest rate on SBI FD?

The highest rate for the general public is 5.65% and for senior citizens, it is 6.45%.

2. What is the minimum investment for FDs under SBI?

The minimum deposit is Rs. 1,000 top open a fixed deposit with SBI.

3. Do we have premature withdrawal facility on SBI FD?

Yes, you can prematurely withdraw your fixed deposit with SBI.

4. What is the penalty for early withdraw in SBI FD?

For a team deposit of up to Rs. 5 lakh, the penalty for premature withdrawal, across all the tenures, is 0.50%.

5. In how many years FD doubled in the SBI?

You can check the total amount you have yielded by calculating the same using the interest rates from the above tables.

6. Can a customer open a term deposit account online in SBI?

Yes. All existing customers of SBI, who have a internet banking password and username can open an FD account.

7. Can new customers open an FD online? If not, how can they do so?

For new Customers, they with not be able to open an FD online unless they have an internet banking password and username. In such a case, the customer will have to request the bank for an internet banking account.

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How Safe is Hubble

State Bank of India provides information on the various Interest rates offers by it on various loans and deposit schemes. Details of Up-to-date interest rates scheme-wise is given in the section one could click on to.

Safe

Your funds are safely parked in RBI licensed banks and you can withdraw anytime.

Trusted

We partner with top trusted brands in every category to deliver the best.

Secure

We follow the highest security standards and your information is fully encrypted and secured
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    Shuaib Ahmed

  • Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo.

    Shuaib Ahmed

Common Questions

1

Is Hubble a bank?

No. Hubble is a revolutionary and unique online wallet platform that helps you plan smarter and get rewarded before your every purchase. We are improving upon the age-old banking system without compromising on security & safety, allowing you, our users, to plan efficiently.
2

Is my money safe with Hubble?

We've built this app so that our friends and families could also have a better savings experience, and we'd never ever not take security of money seriously. All your money is stored in RBI regulated banks from the moment you transfer it to one of your plans. We use a RBI licensed payment aggregator, Cashfree (https://cashfree.com/), to park money in their escrow account with Indian Banks. We're also funded by Sequoia Capital (a reputed venture capital firm) that has funded companies like Google, Zomato, etc. Our founders are IIT + ISB alumni and we take the security of user funds very seriously.
3

How is Hubble able to offer 5% or 10% rewards on my plans?

We have partnered with various trusted brands to bring you the best deal when you purchase with them. These brands reward you for the planning and allegiance that you show towards them.
4

How can I get 5% extra to buy now?

Choose your purchase goal and transfer the amount into your Hubble account. You can instantly redeem the 5% along with your deposit amount as a voucher and complete your purchase right away.
5

How do I get 10% extra to save now buy later?

You can save for your purchase goals in instalments. Each time you save, 10% of your savings amount is credited to your Hubble account in 30 days. You can claim your 10% rewards at the end of each month and use them for a purchase with your favourite brands. You can choose to opt for brand gift vouchers at merchant stores when you decide to shop.
6

Can I withdraw my money without finishing my plan?

You can withdraw your original deposit anytime - 24/7. However, we encourage you to complete your plan so that you can use your rewards as well.
7

Can I purchase any product from the brand?

When you save with Hubble, you save with a brand. Therefore, you can use your savings + rewards to purchase anything from the brand you saved with.
8

Will I have to declare the income from Hubble somewhere?

The rewards are completely tax-free and you do not have to worry about declaring them anywhere.

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