State Bank of India (SBI), the country’s largest lender, has revised several key interest rate benchmarks across retail deposits and loans, announcing marginal reductions in both lending and deposit rates effective December 15, 2025. The changes impact domestic retail term deposits below Rs 3 crore, the Marginal Cost of Funds-Based Lending Rate (MCLR), the External Benchmark Linked Rate (EBLR), and the Base Rate.

Minor Changes in Retail Term Deposit Rates

Most retail term deposit slabs remain unchanged. However, SBI has reduced the interest rate for its popular 444-day ‘Amrit Vrishti’ deposit scheme, cutting returns from 6.60% to 6.45% beginning December 15. Senior citizens will continue to receive higher rates across all tenors, but only one slab shows a revision: the 2 to less than 3 y

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