SBI FD Interest Rate 2022: The country’s largest lender, State Bank of India (SBI), revised interest rates on term deposits also known as fixed deposits last month. SBI increased interest rate on fixed deposits by 15 basis points or 0.15 per cent for fixed deposits starting from 1 year to less than 2 years to 5 years and up to 10 years. The revision in FD rates comes after the Reserve Bank of India (RBI) increased repo rate by 50 basis points.