State Bank of India (SBI) has revised the interest rates on domestic bulk term deposits of ₹3 crore and above, effective August 15, 2026. The rate cuts primarily apply to short-term bulk fixed deposits (FDs), impacting both general depositors and senior citizens. Rates on retail fixed deposits under ₹3 crore remain unchanged. Revised Rates for Bulk Fixed Deposits (₹3 Crore & Above) 7 to 179 Days: Interest rates reduced by 25 basis points (0.25%). 180 to 210 Days: Interest rates reduced by 10 basis points (0.10%). 211 Days to 10 Years: Interest rates remain unchanged. The revised interest rates apply to both new bulk deposits and renewals of maturing accounts. SBI has also reiterated that a 1% premature withdrawal penalty applies across all bulk deposit tenures for new and renewed accounts. Retail Deposits (Under ₹3 Crore) Retail fixed deposits under ₹3 crore have seen no changes in this revision. Existing interest rates for general retail depositors range between 3.05% and 6.40%, while senior citizens continue to receive higher rates ranging from 3.55% to 7.05%, depending on the tenure. Post navigation Bank Holidays Today and Upcoming Schedule for August & September
