State Bank of India
Non-Callable Term Deposit
SBI Non-Callable Term Deposit – Retail (NCD-R)
—Interest Rate
< ₹3 croreBalance / Limit
—Initial Deposit
—Opening Mode
Bank / LenderState Bank of India
Product TypeNon-Callable Term Deposit
Interest Rate—
Minimum Balance< ₹3 crore
Tenure1–2 years
Account OpeningPremature withdrawal strictly not allowed except specified legal/death/set-off cases; TDS applicable.
EligibilityResident individuals and non-individual customers; minors excluded; separate NRI product available.
Key Benefits
Higher rate than card rate for specified tenors; loan facility available.
Eligibility
Resident individuals and non-individual customers; minors excluded; separate NRI product available.
Fees & Charges
Premature withdrawal strictly not allowed except specified legal/death/set-off cases; TDS applicable.
How to Apply
Branch CBS channel only.
Frequently Asked Questions
Can the NCD-R be closed prematurely?
SBI states premature withdrawal is strictly not allowed except specified exceptions.
What are the available tenors?
SBI states 1 year and 2 years only.
Source: Official bank website · Last verified 2026-08-31