State Bank of India
Today's rate picture across the 3 products Capera tracks for State Bank of India. Each is ranked against every other Indian bank in the same universe.
Fixed deposits
FD rates
6.25%
1-year retail rate
Best 6.45% · 444 days (Amrit Vrishti)
#3of 9We rank every bank by its 1-year retail FD rate (under ₹3 crore), within its own category. Higher = better for the depositor. Updated daily from each bank's published rate card.
among PSU Banks
View full slab structure
Foreign exchange
FX rates
₹0.85
USD spread (TT)
0.90% of mid · 94.50 / 95.35
#4of 34We rank every bank by its USD buy-sell spread on the TT (telegraphic transfer) channel, the tightest forex channel. The spread is the difference between the bank's buy and sell quote in rupees per US dollar. Lower = better for the buyer. Same trade can cost 10× more at the widest bank.
by USD-TT spread
View full currency matrix
Lending
Loan rates
8.70%
MCLR (1-year tenor)
EBLR 8.15% · Spread to repo 290 bps
#5of 17We rank every bank by its 1-year MCLR (Marginal Cost of Funds Lending Rate). This is the bank's own cost-of-funds benchmark for term loans that reset annually. MCLR is internal to each bank (unlike EBLR, which tracks the RBI repo rate), so it reflects funding efficiency and pricing discipline. Lower = better for the borrower. Only banks publishing a current 1-year MCLR are included.
by 1-year MCLR
View EBLR + MCLR detail
All rates refreshed daily from each bank's published rate card. See individual product pages for full slab structure, history, and head-to-head comparisons.
Debt capital markets
State Bank of India in the bond market
We track 30 outstanding instruments for State Bank of India, across bonds, certificates of deposit and commercial paper, spanning the full maturity spectrum.
Deposit curve, with bonds overlaid
The blue line is State Bank of India’s published retail FD rate, stepped because a deposit rate is fixed within each tenor band and changes only at the boundary. Each amber dot is one of State Bank of India’s own bonds, drawn at its exact time left to maturity and its latest traded yield. Deposits and bonds are not like-for-like; see the note below the chart.What State Bank of India credit yields, from a short deposit to its longest bond
How this is drawn. Retail rate for deposits under ₹3 crore, from State Bank of India’s published rate card. Fixed for the whole tenor you book, so the line is flat inside each band and steps at the boundary. The blue line is the bank’s retail deposit rate by tenor. The amber dots are the bank’s own bonds, each at its exact time left to maturity and its latest secondary-market traded yield The yield a buyer locks in at today’s market price, not the coupon. It is a traded level from the instrument registry, not an offer to transact, and it moves with the market..
These are not like-for-like, so read the shape, not a head-to-head. A deposit is covered by DICGC insurance up to ₹5 lakh and pays a fixed rate; a bond carries the issuer’s credit and market risk, is sold only in the secondary market, and is taxed differently. Bond yields also differ line to line on seniority, security cover, and call, put or step-up terms. Perpetual (AT1) and market-linked instruments are left out because they have no fixed maturity to place on the axis.
A dot’s yield is its last traded level. Bank bonds trade thinly, so a hollow dot has not traded recently and its level may be weeks old; hover any dot for the exact trade date. The deposit line is today’s published rate card.
Most recently traded
8.24%
Latest traded yieldThe latest secondary-market traded yield, the return a buyer locks in at today’s price, not the coupon. Not an offer to transact.
9.1y to maturity·matures August 2035
7.33%
Latest traded yieldThe latest secondary-market traded yield, the return a buyer locks in at today’s price, not the coupon. This is a perpetual / AT1 instrument: no fixed maturity, redeemable by the issuer at call dates. Not an offer to transact.
7.85%
Latest traded yieldThe latest secondary-market traded yield, the return a buyer locks in at today’s price, not the coupon. This is a perpetual / AT1 instrument: no fixed maturity, redeemable by the issuer at call dates. Not an offer to transact.
7.68%
Latest traded yieldThe latest secondary-market traded yield, the return a buyer locks in at today’s price, not the coupon. This is a perpetual / AT1 instrument: no fixed maturity, redeemable by the issuer at call dates. Not an offer to transact.
Yields are the latest secondary-market traded levels from the instrument registry, not an offer to transact. Coupon shown where no recent trade exists.
Bank directory