SBI FD Calculator
Calculate SBI fixed deposit maturity and returns. Compare the latest 2026 FD interest rates for general and senior citizens. See post-tax yields at your slab.
Plan your investments smarter
INPUTS
No deductions applicable. 7 slabs from Nil (up to Rs. 4L) to 30% (above Rs. 24L).
YOUR RETURNS
- •Tax drag: 0.83%. Your 7.00% headline rate reduces to 6.17% after 15% tax on interest.
- •DICGC cover: Projected maturity of ₹6,15,720 exceeds the Rs. 5L insurance limit. Each depositor is covered up to Rs. 5L per bank, principal and interest combined.
Maturity amount
₹6,15,720
after 3 years
Post-tax maturity
₹5,98,362
Total interest earned
₹1,15,720
Effective yield post-tax
6.17%
p.a.
Tax on interest
₹17,358
₹5,00,000 (81.2%)
₹98,362 (16.0%)
₹17,358 (2.8%)
Select Bank
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Disclaimer: This calculator assumes quarterly compounding (standard for Indian bank FDs). Post Office FDs compound annually; some NBFCs compound monthly. Tax is applied on total interest at maturity. In practice, TDS on FD interest is deducted annually (10% with PAN, 20% without). Senior citizen rates (additional 0.25-0.50%) are not differentiated. Non-cumulative FDs with periodic payouts are not modelled.
Track your FDs alongside everything else
How to Use the SBI FD Calculator
Enter your Principal amount
Drag the slider or type the lump sum you plan to deposit. Range is Rs. 10,000 to Rs. 10 crore.
Set the Interest rate (% p.a.)
Use the rate offered by your bank on its latest FD (Fixed Deposit) rate card. The calculator supports 3% to 9.5%.
Choose your Tenure
Pick anywhere from 3 months to 10 years. If you need liquidity soon, Then keep tenure short to avoid premature withdrawal penalties.
Select your Tax regime
Pick "New regime" if you do not claim deductions like 80C, HRA (House Rent Allowance), or home loan interest. Pick "Old regime" if you do.
Pick your applicable tax slab
Choose the slab that matches your annual taxable income (Nil, 5%, 10%, 15%, 20%, 25%, or 30%). This drives the TDS (Tax Deducted at Source) and post-tax yield calculation.
Read your results on the right
Check Maturity amount, Post-tax maturity, Total interest earned, Effective yield post-tax, and Tax on interest. The donut chart breaks down Principal vs Net interest vs Tax so you can see the real return after tax drag.
What is a Fixed Deposit?
A fixed deposit (FD) is a financial product where you place a lumpsum with a bank for a fixed tenure at a predetermined interest rate. At the end of the tenure, you receive your principal plus the accumulated interest. Unlike a savings account, an FD locks your money for a chosen period, anywhere from 7 days to 10 years, in return for a higher, guaranteed interest rate. The rate is fixed at booking and does not change for the life of the FD, even if market rates move.
SBI FDs are popular for three reasons.
- Capital safety: bank FDs up to ₹5 lakh per depositor per bank are insured under DICGC.
- Predictable returns: you know exactly how much you will receive at maturity.
- Ease: any Indian with a bank account can book an FD in minutes through net banking, mobile app, or branch.
How is SBI FD Interest Calculated?
The SBI FD calculator computes your fixed deposit returns using the following formula:
A = P × (1 + r/n)^(n × t)
Where
- A is the maturity amount
- P is the principal
- r is the annual interest rate as a decimal
- n is the compounding periods per year (4 for quarterly)
- t is the tenure in years.
Worked Example: ₹5 Lakh SBI FD @ 6.80% for 1 Year
- P = ₹5,00,000
- r = 6.80% (SBI's 1-year rate, highest among large-cap public banks)
- n = 4 (quarterly compounding)
- t = 1
A = 5,00,000 × (1 + 0.068/4)^4 ≈ ₹5,34,200
Pre-tax interest earned: ₹34,200.
Post-tax at 15% slab (New Regime): Tax on interest: ₹34,200 × 15% = ₹5,130 Post-tax maturity: ₹5,29,070 Effective yield post-tax: 5.78% p.a. (down from 6.80% headline)
At 30% slab: Effective yield drops to ~4.76%, highlighting the tax drag.
SBI FD Interest Rates 2026 (Complete Rate Sheet)
| Tenure | Regular Rate | Senior Citizen Rate | Premium |
| 7-14 days | 3.50% | 4.00% | +0.50% |
| 15-29 days | 3.50% | 4.00% | +0.50% |
| 30-45 days | 4.00% | 4.50% | +0.50% |
| 46-60 days | 5.00% | 5.50% | +0.50% |
| 61-87 days | 5.50% | 6.00% | +0.50% |
| 88-180 days | 6.00% | 6.50% | +0.50% |
| 6 months to <9 months | 6.30% | 6.80% | +0.50% |
| 9 months to <1 year | 6.50% | 7.00% | +0.50% |
| 9 months to <1 year | 6.50% | 7.00% | +0.50% |
| 1 year to <15 months | 6.80% | 7.30% | +0.50% |
| 15 months to <2 years | 6.75% | 7.25% | +0.50% |
| 2 years to <3 years | 6.60% | 7.10% | +0.50% |
| 3 years to <5 years | 6.50% | 7.00% | +0.50% |
| 5 years to <10 years | 6.50% | 7.50% | +1.00% |
| 5-Year Tax Saver (80C) | 6.50% | 7.50% | +1.00% |
Highest Rate: 6.80% (1-year general) / 7.50% (5-year senior citizen). Rates effective as per Axis Bank's official rate sheet, May 2026.
SBI FD Rates for Senior Citizens (60+)
SBI's senior citizen premium is 0.50% across most tenures, escalating to 1.00% on 5-year and above deposits. This makes SBI competitive with Canara Bank and Bank of Baroda for longer-term senior savings.
Senior citizens also benefit from:
- Section 80TTB: ₹50,000 deduction on aggregate interest from FDs + savings account (New Regime)
- No TDS if total interest is under ₹50,000 in a financial year (vs ₹40,000 for general public)
SBI NRE / NRI FD Rates
SBI NRE deposits are fully tax-free on interest + fully repatriable. Rates:
| Interest Rate (p.a.) | |
| 1–2 years | 6.50% |
| 2–3 years | 6.50% |
| 3–5 years | 6.50% |
| 5–10 years | 6.50% |
Key: NRE rates are typically lower than domestic rates but interest is 100% tax-free. Senior premium does NOT apply to NRE/NRO per RBI rules.
SBI's "We Care" Senior FD Scheme (Special)
For senior citizens aged 60+, SBI offers enhanced rates:
| Tenure | We Care Rate | Standard Senior Rate | Extra Premium |
| 1 year | 7.50% | 7.30% | +0.20% |
| 5 year | 7.50% | 7.50% | — |
Minimum: ₹1 lakh. This scheme is SBI's response to Axis and Kotak's competitive senior rates.
Latest SBI FD Rates (Updated May 2026)
SBI typically moves rates in lockstep with RBI repo decisions (6 cycles a year). The last major upward revision was February 2024 when the RBI held rates. Current rates reflect the status quo since then.
Which SBI FD Fits Your Portfolio?
At 6.80% for 1 year, SBI is currently the highest 1-year rate among D-SIB banks (beats Axis at 6.25%, HDFC at 6.25%, ICICI at 6.25%). However:
- In 30% tax slab: Post-tax yield is ~4.76% (below inflation)
- In 15% slab: Post-tax yield is ~5.78% (marginal inflation hedge)
- For senior citizens: "We Care" 7.50% × 85% (15% tax) = 6.375% post-tax (reasonable at 3-5yr horizon)
Better alternatives at 30% slab:
- Debt mutual fund (6.5–7.5% pre-tax) taxed as capital gains (20% LTCG if held 3y+) = potential 5.2–6% post-tax
- Arbitrage fund (5–6% pre-tax) taxed as equity LTCG = ~5–6% post-tax
For senior citizens: SBI FD is competitive—use the calculator to compare post-tax maturity against your slab.
SBI FD vs Other Investment Options
| Approach | How It Works | Best For | Limitation |
| SBI FD | Lumpsum locked at fixed rate, quarterly compounding | Capital safety, 6-month to 3-year goals, emergency fund | Post-tax return below inflation for 30% slab investors |
| Recurring Deposit (RD) | Monthly contributions at fixed rate | Saving from monthly income, short tenures | Same post-tax problem as FD; lower effective yield |
| Liquid Mutual Fund | Money market or overnight fund | Emergency liquidity, short parking | Slightly lower yield than FDs but no lock-in |
| Debt Mutual Fund | Diversified bond portfolio, managed by AMC | 3-year+ debt allocation | Now taxed at slab rate (post April 2023) |
| Arbitrage Fund | Equity-derivative spread capture | Short parking with better post-tax math | Returns depend on cash-futures spread availability |
| Equity SIP | Monthly contributions into diversified equity fund | 7-year+ goals, retirement, education | Market risk, no capital guarantee |
| Feature | SBI FD | Liquid MF | Debt MF | Savings Account |
| Return (pre-tax) | ||||
| Liquidity | ||||
| Tax treatment | ||||
| Capital safety | ||||
| Minimum amount |
For ₹5 lakh that you need back in 15 months, an SBI FD is reasonable. For ₹5 lakh that you can leave for 5+ years and are in the 30 percent slab, a debt mutual fund usually wins on post-tax math. For ₹5 lakh you might need in 30 days, a liquid fund beats both on liquidity without giving up much on yield.
SBI vs Other Top Banks
| Bank | 1 Year | 3 Year | 5 Year | Senior Premium |
| SBI | 6.80% | 6.60% | 6.45% | 1.00% (5Y+) |
| Axis Bank | 6.25% | 6.45% | 6.45% | 0.75% (5Y) |
| HDFC Bank | 6.25% | 6.50% | 6.25% | 0.50% (0.75% for 5Y+) |
| ICICI Bank | 6.25% | 6.50% | 6.50% | 0.50% |
| Kotak Mahindra | 6.50% | 6.40% | 6.25% | 0.50% |
| PNB | 6.40% | 6.00% | 6.25% | 0.50% |
| Canara Bank | 6.85% | 6.40% | 6.00% | 0.50% |
| Bank of Baroda | 6.85% | 7.15% | 6.50% | 0.50% |
Indicative rates as of May 2026. Verify with each bank's official site before booking.
SBI's Advantage: Highest 1Y rate (6.80%), best senior citizen premium (1.00% on 5Y+), massive branch network, D-SIB status.
About State Bank of India
SBI is India's largest public sector bank and a Domestic Systemically Important Bank (D-SIB) classified by the RBI.
| Founded | 1806 (as Bank of Calcutta); SBI since 1955 |
| Headquarters | Mumbai |
| MD & CEO | Dinesh Khara (since Oct 2019) |
| Branches | 22,000+ (largest branch network) |
| ATMs | 73,000+ (largest ATM network) |
| Customers | 50+ crore |
| Market Cap | ~₹6 trillion |
| Deposit Insurance | DICGC ₹5 lakh |
D-SIB Status: As a Domestic Systemically Important Bank, SBI is considered "too big to fail" by regulators, making SBI deposits among the safest in India.
What SBI Offers for FD Investors
| Product Variant | Description |
| Regular Fixed Deposit | 7 days–10 years, ₹500 minimum via net banking |
| SBI YONO FD | Digital-only FD, instant account opening via app |
| SBI Tax Saver FD (80C) | 5-year lock-in, Section 80C eligible |
| SBI Flexi FD | Partial withdrawal allowed; interest tier-adjusted |
| SBI Annuity FD | Monthly payout variant for retirees |
| SBI Sweep FD | Auto-creates FD from excess savings balance |
| NRE / NRO FD | For Non-Resident Indians |
| Senior Citizen FD | Dedicated "We Care" scheme for 60+ |
| SSL (Super Saver Loan) FD | Allows overdraft up to 80% of FD value |
A Closer Look at SBI FD Products
SBI Regular FD
Tenure 7 days to 10 years. Cumulative or monthly/quarterly/annual payout. Minimum ₹500 net banking, ₹1,000 branch. Premature withdrawal: 1% penalty below contracted rate (except last 7 days of maturity, penalty-free).
SBI YONO FD
100% digital. Download app, e-KYC, fund from any bank account. Minimum ₹1,000. Same rates as regular FD. Maturity credited directly to linked account.
SBI Tax Saver FD (5-Year 80C)
₹1.5 lakh deduction annually under Section 80C (Old Regime). Lock-in 5 years. No premature withdrawal. Current rate: 6.50% general / 7.50% senior. Minimum ₹100.
SBI Flexi FD
Allows up to 80% premature withdrawal. Interest is recalculated and tiered based on holding period. Useful for uncertain tenure needs.
SBI Annuity FD
Monthly payout of interest + principal amortization. Designed for retirees. Tenure: 5–10 years.
SBI Sweep FD
Links to savings account. Excess balance auto-sweeps into FD. When you withdraw, system breaks FD in ₹1 units to fund withdrawal, minimizing lock-in friction.
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Get Personalized FD and Mutual Fund Recommendations
Novelty Wealth does not just calculate FD maturity, it helps you decide whether an FD is the right destination for your money. Connect your existing portfolio and let NovaAI score every option against your goals, tax slab, and risk profile.
Frequently Asked Questions
As of 24 August 2026, State Bank of India's special tenure scheme (Amrit Vrishti) offers 6.45% per year for its 444-day bucket, above the standard card rate. Senior citizens get an added 0.50%. Select that tenure in the calculator to see maturity.
No. All Indian bank FDs are taxed at your full income-tax slab rate on interest earned. SBI deducts 10% TDS if annual FD interest exceeds ₹40,000 (₹50,000 for seniors). Submit Form 15G/15H to avoid TDS if total income is below exemption limit.
Yes, except Tax Saver FD (5-year lock-in). Premature withdrawal: 1% penalty below contracted rate. SBI Flexi FD allows up to 80% withdrawal without full breakage.
₹500 via net banking (Regular FD), ₹1,000 via branch or YONO, ₹100 (Tax Saver FD), ₹1 lakh (We Care senior scheme).
Yes. General +0.50% across most tenures, +1.00% on 5Y+. Senior "We Care" scheme adds an extra 0.20% on 1-year. Net 7.50% on We Care 5Y.
At 1-year, SBI leads at 6.80%. But post-tax returns depend on your slab. In 30% slab, all yield ~4.7–4.8% post-tax. Use this calculator + NovaAI to compare against your specific goals and tax situation.
No. NRE interest is fully tax-free in India. However, rates are lower (6.50% vs 6.80% domestic). Repatriation of both principal and interest is unrestricted.
Yes. SBI allows overdraft (SSL) against FD up to 80% of FD value at rates 1–1.5% above the FD rate. Useful for liquidity without breaking the deposit.
Up to ₹5 lakh per depositor per bank, principal + interest combined. If your ₹6 lakh FD matures to ₹6.5 lakh, only ₹5 lakh is covered.
A 5 lakh State Bank of India FD for 1 year at 6.25% compounded quarterly earns about ₹31,990, maturing near ₹5,31,990. Senior citizens earn ₹34,614. Enter your amount above for an exact figure.
As of 24 August 2026, State Bank of India pays 5.65% per year on a 6-month FD (6.15% for senior citizens). Short-tenure FDs are quoted per year but paid for the actual period held. Enter your amount in the calculator above for the maturity figure.
Yes. Switch the calculator above to non-cumulative or monthly-interest mode. A cumulative FD compounds and pays at maturity, while a monthly-interest FD pays each month at a slightly lower effective yield. Both views are built in.
A 50,000 State Bank of India FD for 5 years at 6.05% compounded quarterly matures at about ₹67,508, an interest of roughly ₹17,508. The 5-year tax-saver FD also qualifies for Section 80C, subject to a lock-in.
As of 24 August 2026, State Bank of India FD rates run from 3.05% to 6.45% per year across tenures, with senior citizens earning an extra 0.50%. The highest rate currently sits in the 444-day bucket. The full rate sheet is above.
Disclaimer
This page is educational information about fixed deposits and small savings schemes. It is not investment advice or a recommendation to buy, hold or sell any product, and it does not take into account any individual investor’s financial situation, needs or goals.
Fixed deposits, Post Office Time Deposits and other small savings schemes are not securities and do not fall under the regulatory purview of SEBI. Novelty Wealth’s services in respect of such products are outside SEBI’s regulatory purview, and no recourse is available with SEBI for grievances relating to these products.
All interest and maturity figures shown are illustrative and are based on each provider’s published card rates as on the dates stated on this page. The actual interest and maturity you receive depend on the rate applicable at the time of booking and on the provider’s terms. Please confirm the current rate with the provider before investing.
Registration granted by SEBI, membership of BASL and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.