SBI accepts Fixed deposits for any duration from 7 days to 10 days and the Fixed deposit interest rates increases as the tenure of the deposit increases as shown below If you have a fixed deposit for greater than 5 years then you would get the highest rate whereas for less than 1 year , the interest rate it would be minimum.
| Tenors | Others | Senior Citizens |
|---|---|---|
| 1 years | 5.10 | 5.60 |
| 2 years | 5.10 | 5.60 |
| 3 years | 5.30 | 5.80 |
| 4 years | 5.30 | 5.80 |
| >5 years | 5.40 | 6.20 |
| In Days | Others | Senior Citizens |
| 180 to 365 days | 4.40 | 4.90 |
| 46 to 179 days | 3.90 | 4.40 |
| 7 to 45 days | 2.90 | 3.40 |
Latest Interest rates can be seen over here – https://sbi.co.in/web/interest-rates/interest-rates/deposit-rates