Archive · 19 Aug 2026
SBI Cuts Bulk Fixed Deposit Rates From August 15
State Bank of India has lowered interest rates on some large fixed deposits.
These deposits are for ₹3 crore or more.
The biggest cuts apply to deposits lasting seven to 179 days.
Deposits lasting 180 to 210 days received a smaller cut.
Rates for deposits lasting 211 days to 10 years did not change.
The new rates apply from August 15, 2026, to new deposits and renewals.
Regular customers with deposits below ₹3 crore are not affected.
People should check the rate and penalty before putting a large amount into a bulk deposit.
State Bank of India reduced bulk fixed-deposit rates by up to 25 basis points for deposits of ₹3 crore and above.
For general customers, rates fell by 25 basis points for seven-to-179-day deposits and by 10 basis points for 180-to-210-day deposits.
Rates for bulk deposits maturing in 211 days to 10 years remain unchanged.
Senior citizens now earn between 5.75% and 7% on SBI bulk deposits, depending on tenure.
Retail deposits below ₹3 crore are unaffected, while premature bulk-FD withdrawals attract a 1% penalty.
- Who
- State Bank of India and customers holding or considering bulk fixed deposits.
- What
- SBI reduced selected interest rates on domestic bulk fixed deposits of ₹3 crore and above, while leaving retail FD rates unchanged.
- When
- The revised rates took effect on 15 August 2026.
- Where
- At State Bank of India in India.
- Why
- The articles state that SBI revised rates for selected bulk-deposit maturities; they do not give a further reason for the change.
- Deposit threshold
- The revision affects domestic bulk fixed deposits of ₹3 crore and above.
- General-customer rates
- Bulk FD rates now range from 5.25% to 6.50%, depending on tenure.
- Senior-citizen rates
- Bulk FD rates for senior citizens range from 5.75% to 7%.
- Largest reduction
- Rates fell by 25 basis points for seven-to-179-day bulk deposits.
- Smaller reduction
- Rates fell by 10 basis points for 180-to-210-day bulk deposits.
- Unchanged maturities
- Rates for 211-day to 10-year bulk deposits were unchanged.
- Premature withdrawal
- SBI charges a 1% penalty for withdrawing a bulk deposit before maturity.
- Retail FDs
- Deposits below ₹3 crore were unaffected; regular FD rates remain between 3.05% and 6.40% for general customers and 3.55% and 7.05% for senior citizens.