SBI Special Term Deposit (STDR)

—Interest Rate

No upper limitBalance / Limit

₹1,000Initial Deposit

—Opening Mode

Bank / LenderState Bank of India

Product TypeSpecial Term Deposit

Interest Rate—

Minimum BalanceNo upper limit

Tenure6–10 months to years

Account OpeningPremature withdrawal penalty: 0.50% for deposits up to ₹5 lakh; 1% above ₹5 lakh, subject to SBI terms.

EligibilityResident individuals singly/jointly, minors through guardian, HUF, firms, companies, local bodies and government departments as stated by SBI.

Key Benefits

Compounded interest paid at maturity; loan against deposit; premature closure subject to rules.

Eligibility

Resident individuals singly/jointly, minors through guardian, HUF, firms, companies, local bodies and government departments as stated by SBI.

Fees & Charges

Premature withdrawal penalty: 0.50% for deposits up to ₹5 lakh; 1% above ₹5 lakh, subject to SBI terms.

How to Apply

Available at SBI branches.

Frequently Asked Questions

When is interest paid?

SBI states interest is compounded quarterly and paid at the end of the term.

What is the minimum deposit?

SBI states ₹1,000.

Source: Official bank website · Last verified 2026-08-31