SBI FD Calculator
Preset to SBI's current fd calculator rate of 6.8%. Change any value to see your own numbers.
- Current rate 6.80%
- Range 3.50–7.00%
- Rank #4 of 8 banks
- Verified 16 July 2026
SBI FD Calculator
- Principal₹1,00,000
- Interest @ 6.8%₹6,975
- Maturity amount₹1,06,975
Principal vs interest
- Principal ₹1,00,000
- Interest ₹6,975
SBI FD interest rates 2026
| Tenure / slab | Rate | Senior citizen |
|---|---|---|
| 7–45 days | 3.50% | 4.00% |
| 46–180 days | 5.50% | 6.00% |
| 1 year | 6.80% | 7.30% |
| 2–3 years | 7.00% | 7.50% |
| 5 years (Tax Saving Scheme) | 6.50% | 7.00% |
State Bank of India pays 6.8% on a 1-year fixed deposit as of 16 July 2026, with senior citizens earning about 0.50% more. The calculator above is preset to that rate so you can see your maturity instantly.
SBI's fixed deposit rates range from 3.50% to 7.00% across tenures. Below is the full SBI rate table, the deposit rules that matter, and how SBI stacks up against the 8 banks we track.
SBI FD — key facts
- Premature withdrawal penalty is 0.50% for deposits up to ₹5,00,000 and 1% for deposits above ₹5,00,000.
- Senior citizens earn an additional 0.50% over the applicable card rate.
- Minimum deposit is ₹1,000 with no upper limit.
- 5-year Tax Saving Scheme deposits qualify for deduction under Section 80C of the Income Tax Act.
How SBI compares
SBI's FD rate is below the category median. AU SFB pays more at 7.25%.
SBI FD FAQs
What is SBI's FD interest rate in 2026?
State Bank of India pays 6.8% on a 1-year FD, with rates across tenures ranging from 3.5% to 7%.
What FD rate do senior citizens get at SBI?
Senior citizens earn about 7.3% on a 1-year deposit — typically 0.50% above the regular rate. Turn on the senior-citizen option in the calculator to include it.
Is there a penalty for breaking a SBI FD early?
Premature withdrawal penalty is 0.50% for deposits up to ₹5,00,000 and 1% for deposits above ₹5,00,000.
Are SBI deposits safe?
Deposits with scheduled banks in India are insured by the DICGC up to ₹5,00,000 per depositor per bank, covering both principal and interest.