I was looking into the SBI Annuity Deposit Scheme for 2025 and got curious, does anyone know the latest interest rates and how they calculate the monthly payouts? Has anyone tried it themselves?
I was also curious about this because many of us want to know the exact rate our deposit will earn before we lock the money in.
Latest SBI Annuity Deposit Scheme interest rates for 2025 and how they are worked out
- Rates stay the same for the whole period : The bank fixes the rate on the day you open the account. It does not change later, even if market rates move up or down.
General citizen rates (2025)
- 3 years: 6.75 % per year
- 5 years: 6.50 % per year
- 10 years: 6.50 % per year
Senior citizen rates (2025)
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3 years: 7.25 % per year
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5 years: 7.50 % per year
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10 years: 7.50 % per year
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How the monthly amount is found : The bank uses the fixed deposit rate of your chosen length. It then spreads the deposit plus this interest into equal monthly parts for the number of months you pick. The formula is built into the system; you only see the final monthly figure.
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Quarterly compounding inside : Interest is added to the deposit every three months. This growing total is then split into monthly bits, so you get the same rupee amount each month.
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No hidden fees : The rate you see is what the bank uses. There are no extra charges taken off before the monthly payout is worked out.
That is all, one rate on day one, same amount every month, and the rate stays until the last payment.
Rate view for 2025
| Tenure chosen | General citizen | Senior citizen |
|---|---|---|
| 3 years | 6.75 % | 7.25 % |
| 5 years | 6.50 % | 7.50 % |
| 10 years | 6.50 % | 7.50 % |