{
  "type": "article",
  "title": "State Bank of India Trims Short Term Bulk Fixed Deposit Rates for Investments Above 3 Crore",
  "summary": "State Bank of India has reduced interest rates by up to 25 basis points on short term bulk fixed deposits of ₹3 crore and above, with the revised structure coming into effect on August 15, 2026.",
  "content": "State Bank of India (SBI), the country's largest public sector lender, has revised its interest rate structure applicable to high-value fixed deposits. According to the updated schedule released by the bank, interest rates have been reduced on bulk term deposits valued at ₹3 crore and above for short-term investment windows. The modified rates came into force on August 15, 2026. However, institutional and high-net-worth investors can take relief in the fact that the rate trim is strictly limited to short-duration maturity buckets, leaving medium and long-term deposit returns unchanged.\n\nShort-Term Bulk Deposit Returns Trimmed by up to 25 Basis Points\nUnder the revised guidelines, SBI has reduced interest yields by up to 0.25 percentage points (25 basis points) for bulk deposits maturing between 7 days and 179 days. This reduction directly impacts high-value investors seeking to park funds over brief tenure windows. Large corporate entities, trusts, and individual investors parking ₹3 crore or more for short periods will experience lower yield payouts on fresh deposits booked on or after the effective implementation date.\n\nModerate Cut Implemented for 180 to 210-Day Tenure\nIn addition to short-term buckets, SBI has also lowered interest rates for bulk fixed deposits maturing in 180 days to 210 days. The yield for this specific window has been reduced by 10 basis points (0.10 percentage points). On a positive note for conservative investors, deposits maturing beyond 210 days remain completely unaffected. All bulk term deposit schemes carrying maturity terms ranging from 211 days up to 10 years will continue to earn interest at their existing pre-revision levels.\n\nDetailed Breakdown of Revised Interest Rates for Bulk Deposits\nThe revised interest rate structure for bulk fixed deposits exceeding ₹3 crore across short-term tenures for both regular customers and senior citizens is detailed below\n\n• 7 Days to 14 Days: Interest rate reduced from 4.50% to 4.25% for the general public, and from 5.00% to 4.75% for senior citizens.\n• 15 Days to 45 Days: Rate lowered from 5.00% to 4.75% for general depositors, and from 5.50% to 5.25% for senior citizens.\n• 46 Days to 179 Days: Yield trimmed from 5.10% to 4.85% for standard investors, and from 5.60% to 5.35% for senior citizen depositors.\n• 180 Days to 210 Days: Rate decreased from 5.60% to 5.50% for general investors, and from 6.10% to 6.00% for senior citizens.\n\nLong-Term Bulk Fixed Deposit Rates Remain Unchanged\nFor investors committing funds for longer tenures exceeding 210 days, SBI has maintained all existing interest rates without any modification\n\n• 211 Days to Less Than 1 Year: Continues to offer 5.60% for regular depositors and 6.10% for senior citizens.\n• 1 Year to Less Than 2 Years: Delivers 6.25% for general depositors and 6.75% for senior citizens.\n• 2 Years to Less Than 3 Years: Offers 6.15% for the general public and 6.65% for senior citizens.\n• 3 Years to Less Than 5 Years: Provides 6.00% for standard depositors and 6.50% for senior citizens.\n• 5 Years up to 10 Years: Retains returns of 6.00% for regular investors and 6.50% for senior citizens.\n\nImpact on Senior Citizens and Deposit Renewals\nSenior citizen accounts holding bulk deposits face corresponding interest cuts across short-term categories. Senior depositors locking in ₹3 crore or more for 7 to 179 days see returns fall by 0.25%, while those choosing the 180 to 210-day tenor face a 0.10% reduction. Investors should note that these revised rates apply not only to fresh fixed deposits but also to existing bulk accounts reaching maturity on or after August 15, 2026, upon renewal. Consequently, auto-renewed term deposits will automatically switch to the lower yield structure.\n\nStrict 1 Percent Penalty on Premature Deposit Withdrawal\nState Bank of India has reaffirmed its terms regarding the premature closure of bulk fixed deposits. If an investor withdraws funds or closes a bulk deposit before its scheduled maturity date, a flat penalty of 1% will be levied across all tenure brackets. This early withdrawal penalty applies equally to newly established deposits as well as renewed bulk FD accounts. Financial advisors recommend that treasury managers and high-net-worth investors thoroughly review their liquidity timelines before committing large funds to fixed-term accounts.\n\nWhat this means for you\nAcross India: This revision affects corporate entities, institutional treasuries, and high-net-worth investors locking ₹3 crore or more into short-term bulk fixed deposits, resulting in reduced interest returns.\n\nQuestions & Answers\n\n1. Which fixed deposits are affected by the SBI interest rate cut?\nThe interest rate reduction applies exclusively to bulk fixed deposits of ₹3 crore and above for short-term tenures ranging from 7 days to 210 days.\n\n2. When did SBI's revised interest rates come into effect?\nThe updated bulk term deposit interest rates became effective starting August 15, 2026.\n\n3. Are long-term bulk fixed deposits over 211 days affected?\nNo, interest rates for bulk deposits maturing between 211 days and 10 years remain completely unchanged.\n\n4. What is the penalty for premature withdrawal of bulk FDs at SBI?\nSBI levies a 1% penalty on premature closure or withdrawal across all tenure categories for bulk term deposits.\n\n5. Do the new rates apply to auto-renewed fixed deposits?\nYes, all bulk deposit accounts maturing on or after August 15, 2026, will be subject to the updated interest rates upon renewal.",
  "url": "https://trendkia.com/en/money/3-crore-se-adhika-ke-balka-dipojita-para-sbi-ne-ghatai-byaja-daren-janen-naya-reta-karda-18841",
  "category": "Money",
  "publishedAt": "2026-08-20",
  "tags": [
    "State Bank of India",
    "SBI Interest Rates",
    "Fixed Deposit",
    "Bulk Deposit",
    "Bank FD Rates",
    "Personal Finance"
  ],
  "language": "en",
  "site": "TrendKia"
}