Archive · 14 Dec 2025
SBI Revises Rates on Deposits and Loans
The State Bank of India (SBI) has lowered some of its fixed deposit (FD) interest rates and lending rates.
This change starts on December 15, 2025.
The rates for deposits lasting 2 years to less than 3 years have gone down by a little bit.
For regular customers, the new rate is 6.40%, and for senior citizens, it is 6.90%.
The bank also changed rates for its special 'Amrit Vrishti' scheme, which has a 444-day term.
The new rates for this scheme are 6.45% for general customers, 6.95% for senior citizens, and 7.05% for super senior citizens.
The reason for these changes is that the RBI has cut its repo rate, which affects how much banks pay on deposits and charge on loans.
Even though rates are lower, bank FDs are still safe because deposits are insured up to ₹5 lakh per bank.
The SBI also reduced its lending rates, including the Marginal Cost of Funds-based Lending Rate (MCLR), External Benchmark Lending Rate (EBLR), Repo Linked Lending Rate (RLLR), Benchmark Prime Lending Rate (BPLR), and Base Rate.
These changes will lower borrowing costs, reducing equated monthly installments (EMIs) for millions of retail and corporate borrowers.
The SBI's adjustments align with the RBI's trend of lowering interest rates to support economic growth.
SBI revised FD interest rates for select tenures effective December 15, 2025.
Rates for 2-year to less than 3-year deposits reduced to 6.40% for general public and 6.90% for senior citizens.
Amrit Vrishti scheme rates revised to 6.45% for general, 6.95% for seniors, and 7.05% for super seniors.
SBI also reduced its lending rates, including MCLR, EBLR, RLLR, BPLR, and Base Rate, effective December 15, 2025.
Rate cuts follow RBI's repo rate reductions totaling 125 basis points in 2025, aiming to support economic growth.
- Who
- State Bank of India (SBI)
- What
- Revised fixed deposit interest rates for select tenures and lending rates
- When
- Effective from December 15, 2025
- Where
- India
- Why
- Due to repeated repo rate cuts by the Reserve Bank of India (RBI) and to support economic growth
Economic Growth
Inflation Control
Interest Rate Cuts
Economic Growth
Lower interest rates stimulate economic growth by reducing borrowing costs and encouraging spending and investment.
Inflation Control
Lower interest rates can lead to higher inflation if not carefully managed, as seen with fluctuating food and gold prices.
- Effective Date
- December 15, 2025
- Rate Reduction Tenure
- 2 years to less than 3 years
- General Public New Rate
- 6.40%
- Senior Citizen New Rate
- 6.90%
- Amrit Vrishti Scheme Tenure
- 444 days
- Amrit Vrishti General New Rate
- 6.45%
- Amrit Vrishti Senior New Rate
- 6.95%
- Amrit Vrishti Super Senior New Rate
- 7.05%
- Deposit Insurance Limit
- ₹5 lakh per depositor per bank
- MCLR Overnight Rate
- 7.85%
- MCLR One Year Rate
- 8.70%
- EBLR Rate
- 7.90% + CRP + BSP
- RLLR Rate
- 7.50% + CRP
- BPLR Rate
- 14.65% p.a.
- Base Rate
- 9.90%
- RBI Repo Rate
- 5.25%
- FY26 Inflation Forecast
- 1.8%
- FY27 Inflation Forecast
- 3.4%
Sources
SBI revises fixed deposit rates: Check new rates for general customers, senior citizens
Borrowers cheer: SBI revises MCLR to 7.85%, slashes lending rate by 25 bps after RBI rate cut
Report: GST cuts to shave 35 bps off CPI inflation this fiscal
SBI Cuts Lending Rates: Home Loan EMIs To Reduce - Check Updated MCLR, EBLR, Base Rates
