State Bank of India
Fixed Deposit
SBI Term Deposit / Fixed Deposit
—Interest Rate
No upper limitBalance / Limit
₹1,000Initial Deposit
—Opening Mode
Bank / LenderState Bank of India
Product TypeFixed Deposit
Interest Rate—
Minimum BalanceNo upper limit
Tenure7–10 days to years
Account OpeningTDS as per Income Tax Rules; premature withdrawal penalty as per SBI rules.
EligibilityResident individuals and other eligible entities as per scheme rules.
Key Benefits
Guaranteed-return term deposit; choice of interest payout; loan/OD facility; premature withdrawal subject to rules; transferability among branches.
Eligibility
Resident individuals and other eligible entities as per scheme rules.
Documents Required
KYC as applicable.
Fees & Charges
TDS as per Income Tax Rules; premature withdrawal penalty as per SBI rules.
How to Apply
Online through Online-SBI or at an SBI branch.
Frequently Asked Questions
What is the minimum deposit?
SBI states the minimum deposit is ₹1,000.
What is the maximum tenure?
SBI states the maximum deposit period is 10 years.
Is a loan against the deposit available?
Yes, SBI states loan against deposit is allowed subject to applicable margin.
Source: Official bank website · Last verified 2026-08-31