6.8%
Interest for 3 years
Tenure | Normal Citizen FD Rate | Senior Citizen FD Rate |
---|---|---|
7 days - 1 month 15 days | 3.5% | 4% |
1 month 16 days - 5 months 26 days | 5.5% | 6% |
5 months 27 days - 6 months 27 days | 6.3% | 6.8% |
6 months 28 days - 11 months 30 days | 6.5% | 7% |
1 year - 1 year 1 month 4 days | 6.8% | 7.3% |
1 year 1 month 5 days - 1 year 1 month 5 days | 7.1% | 7.6% |
1 year 1 month 6 days - 1 year 2 months 17 days | 6.8% | 7.3% |
1 year 2 months 18 days - 1 year 2 months 18 days | 7.3% | 7.8% |
1 year 2 months 19 days - 1 year 11 months 30 days | 6.8% | 7.3% |
2 years - 2 years 11 months 29 days | 7% | 7.5% |
2 years 11 months 30 days - 4 years 11 months 29 days | 6.8% | 7.3% |
4 years 11 months 30 days - 9 years 11 months 29 days | 6.5% | 7.5% |
Note: All interest rates shown above are as on 6th Feb 2025
SBI is an Indian Multinational, Public Sector Banking and Financial services statutory body headquartered in Mumbai. It has about 1/4th market share. In addition to banking services, SBI has diversified its business across SBI General Insurance, SBI Life Insurance, SBI Mutual Fund, SBI Card, etc. As of March 31st 2022, SBI bank has 22,266 outlets across India and 65,000 ATMs/ Cash Withdrawal Machines. SBI Bank Deposits stood at INR 40,51,534 crore as of March 2022. SBI Bank’s Fixed Deposits have a AAA (Stable) Credit Rating.
3.5% - 7.3%
FD Rate
4% - 7.8%
FD Rate for Seniors
₹ 1000
Minimum Deposit
₹ 2 Crores
Maximum Deposit
-
Lock-in
-
FD Tenure
-
Loan against FD
AAA (Stable)
CRISIL Rating
Investment Amount | For 3 years with interest of 6.8% | For 5 years with interest of 6.5% |
---|---|---|
₹ 50,000 | ₹ 61,280 | ₹ 69,141 |
₹ 1 lakh | ₹ 1,22,559 | ₹ 1,38,282 |
₹ 2 lakh | ₹ 2,45,118 | ₹ 2,76,563 |
₹ 5 lakh | ₹ 6,12,796 | ₹ 6,91,409 |
₹ 10 lakh | ₹ 12,25,592 | ₹ 13,82,817 |
Use FD calculator to change values and compare your returns from top banks.
Maturity Amount | ₹ 1,07,016 | ₹ 1,07,389 |
Total Investment Amount | ₹ 1,00,000 | ₹ 1,00,000 |
Total Interest Gained | ₹7,016 | ₹ 7,389 |
Bank Name | FD Interest Rates |
---|---|
![]() | 7.15% - 7.65% |
![]() | 6.3% - 6.8% |
![]() | 8.38% - 8.88% |
![]() | 7.25% - 7.75% |
![]() | 6.5% - 7% |
![]() | 6.75% - 7.25% |
![]() | 7.75% - 8% |
![]() | 6% - 6.5% |
![]() | 8.1% - 8.35% |
![]() | 7% - 7% |
₹1,00,000
Total Investment
7,016
Wealth Gained
₹1,07,016
Maturity Amount
The flexible & tax efficient alternative to FDs.
SBI offers multiple fixed deposits accounts for various tenures. The SBI FD interest rates are different and depend on the type FD. The interest rate on SBI FDs is higher in their savings account. One can invest in SBI FDs through both online and offline modes with just a minimum investment of INR 1,000.
Following are the types of SBI Bank fixed deposit schemes:
SBI Annuity Deposit Scheme or SBI Monthly Income Scheme, enables depositors to deposit a lump sum amount to receive equated monthly instalments. The EMIs comprise a part of the principal amount as well as interest on the reducing principal amount. The interest is compounded quarterly. However, the amount is discounted to the monthly value.
SBI Multi Option Deposit Scheme (MODS) allows linking fixed deposit accounts to current account or savings account. Unlike regular fixed deposits, MODS allows depositors to withdraw money in multiples of INR 1,000. The remaining amount will continue to earn interest.
The SBI Special Term deposit scheme is a variant of a fixed deposit. This scheme pays the interest amount upon maturity. It doesn’t give interest on a regular basis.
Floating Interest Rates Bulk Term Deposits have interest rates that are linked to an external benchmark (i.e Repo Rate). Changes in the Repo Rate and/or spread during the currency of deposit will affect the interest rate.
One can open an SBI Bank FD account through various modes such as Internet Banking, Mobile App and offline.
The following steps will help an individual to open an SBI Bank FD account through internet banking:
The following steps will guide in opening an FD account through SBI Bank Mobile App:
To open an SBI Bank FD account offline, one has to visit the nearest SBI Bank branch. Fill the SBI Bank FD application form and submit all the necessary documents along with the deposit amount. On successfully processing the application, SBI bank will provide an FD receipt.
Following are the documents required to open an FD in SBI are:
Also, only eligible investors can invest in SBI Bank FD. The eligibility criteria to invest in SBI Bank FD is:
You can now renew your SBI FD online. With SBI, you can choose to renew the total matured amount or renew only the principal in the fixed deposit account. If you choose the latter, the interest will be credited to the linked bank account.
Following are the steps to renew SBI fixed deposit online:
Only investment in SBI bank Tax Saving FD qualifies for tax saving up to INR 1,50,000 per annum. Investment in no other SBI bank FDs qualifies for tax saving under Section 80C of the Income Tax Act. The interest income from SBI FD is taxable as per the investor’s income tax slab rates. Moreover, the interest income is subject to TDS of 10% if the income from SBI FD exceeds INR 40,000 per annum. For senior citizens, the TDS threshold limit is INR 50,000 per annum. Also, if the investor doesn’t disclose PAN Card details to SBI Bank, then the TDS rate will be 20%.
Interest on SBI FD is calculated using both simple and compound interest formulas.
The simple interest formula is SI = P x R x T/ 100, where P is the principal amount, R is the interest rate, and T is the tenure of the FD.
The compound interest formula is A = P (1+r/n) ^ (n * t), where A is the maturity amount, P is the principal amount, r is the interest, n is the number of compounding periods, and t is the tenure of the investment.
What is the highest State Bank of India FD rate today?
What is the highest interest rate on State Bank of India 1 year FD scheme?
What is State Bank of India FD scheme interest rate for 5 years?
How many years FD will double in State Bank of India?
What is State Bank of India FD minimum deposit amount?
What is senior citizen fixed deposit interest rates in State Bank of India?
What are the available FD tenures in State Bank of India?
What is State Bank of India FD ROI for 10 lakh deposit for 1 year?
The interest from the State Bank of India FD calculator for 10 lakh deposit for 1 year will be INR 70,160. The maturity value will be INR 10,70,160. You can use Scripbox’s FD Calculator to determine the maturity value of your investment.
How to check the fixed deposit balance in State Bank of India?
How many FDs can be opened in State Bank of India?
6.8%
Interest for 3 years
Tenure | Normal Citizen FD Rate | Senior Citizen FD Rate |
---|---|---|
7 days - 1 month 15 days | 3.5% | 4% |
1 month 16 days - 5 months 26 days | 5.5% | 6% |
5 months 27 days - 6 months 27 days | 6.3% | 6.8% |
6 months 28 days - 11 months 30 days | 6.5% | 7% |
1 year - 1 year 1 month 4 days | 6.8% | 7.3% |
1 year 1 month 5 days - 1 year 1 month 5 days | 7.1% | 7.6% |
1 year 1 month 6 days - 1 year 2 months 17 days | 6.8% | 7.3% |
1 year 2 months 18 days - 1 year 2 months 18 days | 7.3% | 7.8% |
1 year 2 months 19 days - 1 year 11 months 30 days | 6.8% | 7.3% |
2 years - 2 years 11 months 29 days | 7% | 7.5% |
2 years 11 months 30 days - 4 years 11 months 29 days | 6.8% | 7.3% |
4 years 11 months 30 days - 9 years 11 months 29 days | 6.5% | 7.5% |
Note: All interest rates shown above are as on 6th Feb 2025
SBI is an Indian Multinational, Public Sector Banking and Financial services statutory body headquartered in Mumbai. It has about 1/4th market share. In addition to banking services, SBI has diversified its business across SBI General Insurance, SBI Life Insurance, SBI Mutual Fund, SBI Card, etc. As of March 31st 2022, SBI bank has 22,266 outlets across India and 65,000 ATMs/ Cash Withdrawal Machines. SBI Bank Deposits stood at INR 40,51,534 crore as of March 2022. SBI Bank’s Fixed Deposits have a AAA (Stable) Credit Rating.
3.5% - 7.3%
FD Rate
4% - 7.8%
FD Rate for Seniors
₹ 1000
Minimum Deposit
₹ 2 Crores
Maximum Deposit
-
Lock-in
-
FD Tenure
-
Loan against FD
AAA (Stable)
CRISIL Rating
Investment Amount | For 3 years with interest of 6.8% | For 5 years with interest of 6.5% |
---|---|---|
₹ 50,000 | ₹ 61,280 | ₹ 69,141 |
₹ 1 lakh | ₹ 1,22,559 | ₹ 1,38,282 |
₹ 2 lakh | ₹ 2,45,118 | ₹ 2,76,563 |
₹ 5 lakh | ₹ 6,12,796 | ₹ 6,91,409 |
₹ 10 lakh | ₹ 12,25,592 | ₹ 13,82,817 |
Use FD calculator to change values and compare your returns from top banks.
Maturity Amount | ₹ 1,07,016 | ₹ 1,07,389 |
Total Investment Amount | ₹ 1,00,000 | ₹ 1,00,000 |
Total Interest Gained | ₹7,016 | ₹ 7,389 |
Bank Name | FD Interest Rates |
---|---|
![]() | 7.15% - 7.65% |
![]() | 6.3% - 6.8% |
![]() | 8.38% - 8.88% |
![]() | 7.25% - 7.75% |
![]() | 6.5% - 7% |
![]() | 6.75% - 7.25% |
![]() | 7.75% - 8% |
![]() | 6% - 6.5% |
![]() | 8.1% - 8.35% |
![]() | 7% - 7% |
₹1,00,000
Total Investment
7,016
Wealth Gained
₹1,07,016
Maturity Amount
The flexible & tax efficient alternative to FDs.
SBI offers multiple fixed deposits accounts for various tenures. The SBI FD interest rates are different and depend on the type FD. The interest rate on SBI FDs is higher in their savings account. One can invest in SBI FDs through both online and offline modes with just a minimum investment of INR 1,000.
Following are the types of SBI Bank fixed deposit schemes:
SBI Annuity Deposit Scheme or SBI Monthly Income Scheme, enables depositors to deposit a lump sum amount to receive equated monthly instalments. The EMIs comprise a part of the principal amount as well as interest on the reducing principal amount. The interest is compounded quarterly. However, the amount is discounted to the monthly value.
SBI Multi Option Deposit Scheme (MODS) allows linking fixed deposit accounts to current account or savings account. Unlike regular fixed deposits, MODS allows depositors to withdraw money in multiples of INR 1,000. The remaining amount will continue to earn interest.
The SBI Special Term deposit scheme is a variant of a fixed deposit. This scheme pays the interest amount upon maturity. It doesn’t give interest on a regular basis.
Floating Interest Rates Bulk Term Deposits have interest rates that are linked to an external benchmark (i.e Repo Rate). Changes in the Repo Rate and/or spread during the currency of deposit will affect the interest rate.
One can open an SBI Bank FD account through various modes such as Internet Banking, Mobile App and offline.
The following steps will help an individual to open an SBI Bank FD account through internet banking:
The following steps will guide in opening an FD account through SBI Bank Mobile App:
To open an SBI Bank FD account offline, one has to visit the nearest SBI Bank branch. Fill the SBI Bank FD application form and submit all the necessary documents along with the deposit amount. On successfully processing the application, SBI bank will provide an FD receipt.
Following are the documents required to open an FD in SBI are:
Also, only eligible investors can invest in SBI Bank FD. The eligibility criteria to invest in SBI Bank FD is:
You can now renew your SBI FD online. With SBI, you can choose to renew the total matured amount or renew only the principal in the fixed deposit account. If you choose the latter, the interest will be credited to the linked bank account.
Following are the steps to renew SBI fixed deposit online:
Only investment in SBI bank Tax Saving FD qualifies for tax saving up to INR 1,50,000 per annum. Investment in no other SBI bank FDs qualifies for tax saving under Section 80C of the Income Tax Act. The interest income from SBI FD is taxable as per the investor’s income tax slab rates. Moreover, the interest income is subject to TDS of 10% if the income from SBI FD exceeds INR 40,000 per annum. For senior citizens, the TDS threshold limit is INR 50,000 per annum. Also, if the investor doesn’t disclose PAN Card details to SBI Bank, then the TDS rate will be 20%.
Interest on SBI FD is calculated using both simple and compound interest formulas.
The simple interest formula is SI = P x R x T/ 100, where P is the principal amount, R is the interest rate, and T is the tenure of the FD.
The compound interest formula is A = P (1+r/n) ^ (n * t), where A is the maturity amount, P is the principal amount, r is the interest, n is the number of compounding periods, and t is the tenure of the investment.
What is the highest State Bank of India FD rate today?
What is the highest interest rate on State Bank of India 1 year FD scheme?
What is State Bank of India FD scheme interest rate for 5 years?
How many years FD will double in State Bank of India?
What is State Bank of India FD minimum deposit amount?
What is senior citizen fixed deposit interest rates in State Bank of India?
What are the available FD tenures in State Bank of India?
What is State Bank of India FD ROI for 10 lakh deposit for 1 year?
How to check the fixed deposit balance in State Bank of India?
How many FDs can be opened in State Bank of India?