State Bank of India (SBI) FD Calculator 2026 — Current Interest Rates & Maturity Value
State Bank of India (SBI) currently offers FD interest rates starting from 6.8% p.a. for regular depositors and 7.3% for senior citizens (May 2026). A ₹5 Lakh deposit for 5 years matures to approximately ₹7.00 L (regular) or ₹7.18 L (senior). Use the calculator below to check maturity for your specific amount and tenure.
Last updated: 24 May 2026, 10:00 AM IST
Maturity Amount
₹7.00 L
at 6.8% for 5 years (quarterly compounding) at State Bank of India (SBI)
State Bank of India (SBI) — FD Details
Regular Rate
6.8% p.a.
Senior Citizen Rate
7.3% p.a.
TDS on FD Interest
TDS deducted at 10% if annual FD interest exceeds ₹40,000 (₹50,000 for senior citizens). Submit Form 15G/15H to avoid TDS if total income is below taxable limit.
Premature Withdrawal
Allowed after 7 days. Penalty: 0.50% below the applicable card rate for the period the deposit has run. No penalty for FDs up to ₹5 lakh after Amrit Kalash scheme.
Minimum Deposit
₹1,000 (regular), ₹1,000 (tax-saver 5-year lock-in)
Special Scheme
Amrit Vrishti (444 days) at 7.25% and Amrit Kalash (400 days) special tenure deposits.
State Bank of India (SBI) FD — Rates, TDS & Withdrawal Rules
A depositor places ₹5 Lakh in a State Bank of India (SBI) FD at 6.8% for 5 years with quarterly compounding. The maturity amount is ₹7.00 L, earning ₹2.00 L in interest. For a senior citizen at 7.3%, the same deposit matures to ₹7.18 L — an extra ₹17,422 benefit. State Bank of India (SBI)'s minimum deposit is ₹1,000 (regular), ₹1,000 (tax-saver 5-year lock-in). On premature withdrawal: allowed after 7 days. Penalty: 0.50% below the applicable card rate for the period the deposit has run. No penalty for FDs up to ₹5 lakh after Amrit Kalash scheme. Regarding TDS: tDS deducted at 10% if annual FD interest exceeds ₹40,000 (₹50,000 for senior citizens). Submit Form 15G/15H to avoid TDS if total income is below taxable limit. State Bank of India (SBI) also offers: Amrit Vrishti (444 days) at 7.25% and Amrit Kalash (400 days) special tenure deposits. Always compare rates across tenures — the highest rate may be for a specific tenure (e.g., 1–2 years) rather than the standard 5-year term.
Data Sources
- RBI — Master Direction on Interest Rates (2026) — www.rbi.org.in
- Bank Websites — Latest FD Rates (May 2026) — www.rbi.org.in
- Income Tax Act — TDS on FD Interest (2025) — incometaxindia.gov.in
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Important: This calculator provides estimates based on the inputs and assumptions you provide. Results are mathematical projections, not financial advice or recommendations. Actual outcomes will vary based on market conditions, policy changes, individual circumstances, and factors not captured by this tool. Verify all figures independently and consult qualified professionals before making financial decisions.
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Frequently Asked Questions
What is State Bank of India (SBI) FD interest rate 2026?
State Bank of India (SBI) offers FD rates of 6.8% for regular depositors and 7.3% for senior citizens (as of May 2026). Rates vary by tenure — check the rate slab on our FD rates page.
What is the maturity of ₹5 Lakh FD in State Bank of India (SBI)?
At 6.8% for 5 years (quarterly compounding), ₹5 Lakh matures to approximately ₹7.00 L. Senior citizens at 7.3% get ₹7.18 L.
What is the premature withdrawal penalty at State Bank of India (SBI)?
Allowed after 7 days. Penalty: 0.50% below the applicable card rate for the period the deposit has run. No penalty for FDs up to ₹5 lakh after Amrit Kalash scheme.
How is TDS calculated on State Bank of India (SBI) FD?
TDS deducted at 10% if annual FD interest exceeds ₹40,000 (₹50,000 for senior citizens). Submit Form 15G/15H to avoid TDS if total income is below taxable limit.
What is the minimum FD amount at State Bank of India (SBI)?
The minimum FD amount at State Bank of India (SBI) is ₹1,000 (regular), ₹1,000 (tax-saver 5-year lock-in). Special schemes: Amrit Vrishti (444 days) at 7.25% and Amrit Kalash (400 days) special tenure deposits.
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Disclaimer
This calculator provides estimates based on the interest rates and tenure shown. Actual maturity may vary based on the bank's specific compounding method and any rate revisions during the tenure. Bank rates are sourced from public data and may not reflect the latest changes — always confirm with your bank before investing. TDS is deducted at source if applicable. This is not financial advice. RupayWise is not a deposit broker or financial advisor.