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SBI cuts FD rates starting today: Check affected schemes
15 Dec 2025

The State Bank of India (SBI) has revised its fixed deposit (FD) interest rates, effective December 15.

The new rates see a reduction in returns on select long-tenure deposits while keeping most short- and medium-term rates unchanged.

The adjustments primarily affect deposits maturing between two and three years, where the general public's rate has been cut by five basis points to 6.4%.

Senior citizens to earn 6.9% on FDs
Rate changes

For senior citizens, the new FD rate for deposits maturing between two and three years is 6.9%, down from the previous 6.95%.

The rates for other tenures, including short-term deposits and those maturing in three years or more, remain unchanged.

SBI has also revised the interest rate for its "Amrit Vrishti" scheme with a tenure of 444 days. The new rate is now 6.45%, down from the previous 6.6%.

SBI's lending benchmarks revised
Lending adjustments

Along with the FD rate revision, SBI has also revised its lending benchmarks in line with the policy rate cut.

The bank has reduced its Marginal Cost of Funds-Based Lending Rate (MCLR) across tenures by five basis points, bringing the one-year MCLR down to 8.70%.

SBI has also cut its External Benchmark Linked Rate (EBLR) by 25 basis points to make loans linked to external benchmarks cheaper for both new and existing borrowers.