The State Bank of India (SBI) revised its fixed deposit (FD) interest rates again, effective July 15, 2025. The bank last revised its FD rates on June 15, 2025. That was after the Reserve Bank of India (RBI) announced a repo rate cut on June 9, 2025, in the monetary policy committee meeting. Within a period of one month, this is the second revision of its rates. The largest public sector bank has revised rates only for its short-term—less than one year—FD this time. At present the bank offers the highest 6.45 per cent to the general public and 7.05 per cent to senior citizens.