State Bank of India FD Calculator
6.25% p.a. (quarterly compounding) - Min deposit Rs. 1,000
Principal
Rs. 5.00 lakh
Example: Rs. 5 lakh
Interest Earned
Rs. 1.02 lakh
Over 3 years
Maturity Amount
Rs. 6.02 lakh
at 6.25% p.a.
State Bank of India FD Rates by Tenure
| Tenure | General Rate | Senior Citizen |
|---|---|---|
| 7-45 days | 3.3% | 3.8% |
| 46-179 days | 4.75% | 5.25% |
| 180-364 days | 5.75% | 6.25% |
| 1 year | 5.9% | 6.4% |
| 2 years | 6.4% | 6.9% |
| 3 years | 6.25% | 6.75% |
| 5 years | 6.05% | 6.55% |
Indicative rates. Actual rates may differ - verify with State Bank of India before investing.
State Bank of India FD Maturity - Quick Reference (at 6.25%)
| Principal | 1 yr | 2 yr | 3 yr | 5 yr |
|---|---|---|---|---|
| Rs. 1.00 lakh | Rs. 1.06 lakh | Rs. 1.13 lakh | Rs. 1.20 lakh | Rs. 1.36 lakh |
| Rs. 2.50 lakh | Rs. 2.66 lakh | Rs. 2.83 lakh | Rs. 3.01 lakh | Rs. 3.41 lakh |
| Rs. 5.00 lakh | Rs. 5.32 lakh | Rs. 5.66 lakh | Rs. 6.02 lakh | Rs. 6.82 lakh |
| Rs. 10.00 lakh | Rs. 10.64 lakh | Rs. 11.32 lakh | Rs. 12.04 lakh | Rs. 13.64 lakh |
| Rs. 25.00 lakh | Rs. 26.60 lakh | Rs. 28.30 lakh | Rs. 30.11 lakh | Rs. 34.09 lakh |
Customize your FD calculation
Maturity Amount
₹6.07 L
In today's money: ₹5.09 L(6% inflation)
Total Interest
₹1.07 L
Effective Annual Rate
6.66%
Compounding advantage vs simple interest
Year-by-Year Growth
State Bank of India FD - Key Features
- -Largest public sector bank in India
- -DICGC insured up to Rs. 5 lakh
- -Special 400-day Amrit Kalash scheme available
- -Senior citizens get 0.50% additional rate
- -Tax Saving FD (5 years) eligible for 80C deduction
State Bank of India FD Returns by Amount & Tenure
Maturity value and interest earned at State Bank of India's 1 / 2 / 3 / 5-year card rates (quarterly compounding)
| Deposit | 1 yr @ 5.9% | 2 yr @ 6.4% | 3 yr @ 6.25% | 5 yr @ 6.05% |
|---|---|---|---|---|
| Rs. 1.00 lakh | Rs. 1.06 lakh +Rs. 6,032 interest | Rs. 1.14 lakh +Rs. 13,540 interest | Rs. 1.20 lakh +Rs. 20,448 interest | Rs. 1.35 lakh +Rs. 35,018 interest |
| Rs. 5.00 lakh | Rs. 5.30 lakh +Rs. 30,159 interest | Rs. 5.68 lakh +Rs. 67,701 interest | Rs. 6.02 lakh +Rs. 1.02 lakh interest | Rs. 6.75 lakh +Rs. 1.75 lakh interest |
| Rs. 10.00 lakh | Rs. 10.60 lakh +Rs. 60,318 interest | Rs. 11.35 lakh +Rs. 1.35 lakh interest | Rs. 12.04 lakh +Rs. 2.04 lakh interest | Rs. 13.50 lakh +Rs. 3.50 lakh interest |
Assumes quarterly compounding with interest reinvested (cumulative FD). Indicative rates as of 2026-07-15 — verify with State Bank of India before investing.
Senior citizen FD rates at State Bank of India
Depositors aged 60 and above earn an extra 0.5% at State Bank of India. Here is the difference on a ₹5 lakh deposit (quarterly compounding):
| Tenure | General | Senior | Senior maturity | Extra interest |
|---|---|---|---|---|
| 1 year | 5.9% | 6.4% | Rs. 5.33 lakh | +Rs. 2,617 |
| 2 years | 6.4% | 6.9% | Rs. 5.73 lakh | +Rs. 5,612 |
| 3 years | 6.25% | 6.75% | Rs. 6.11 lakh | +Rs. 8,955 |
| 5 years | 6.05% | 6.55% | Rs. 6.92 lakh | +Rs. 16,822 |
Best State Bank of India FD tenure right now
State Bank of India's highest FD rate is 6.4% on the 2 years FD, which actually beats its 5-year rate of 6.05%. A longer lock-in is not automatically better here — match the tenure to your goal. Rates span 5.9%–6.4% across 1–5 years; note that only the dedicated 5-year tax-saving FD qualifies for Section 80C.
Frequently Asked Questions
What is the State Bank of India FD interest rate in 2026?▾
State Bank of India offers FD rates from about 5.9% to 6.4% p.a. for 1 to 5-year deposits (general public). The best rate, 6.4%, is on the 2 years FD. Senior citizens earn an extra 0.5% (some banks give up to 0.75% on longer or special tenures). These are indicative card rates as of 2026-07-15 — confirm the live rate with State Bank of India before booking.
Do senior citizens get a higher FD rate at State Bank of India?▾
Yes. State Bank of India adds 0.5% to the general rate for depositors aged 60 and above. On a ₹5 lakh 3 years FD that lifts the rate from 6.25% to 6.75% and the interest from Rs. 1.02 lakh to Rs. 1.11 lakh — about Rs. 8,955 extra on the same deposit.
How much will ₹5 lakh grow in a State Bank of India FD?▾
A ₹5 lakh deposit in a 3 years State Bank of India FD at 6.25% p.a. (quarterly compounding) matures to about Rs. 6.02 lakh, earning Rs. 1.02 lakh in interest. See the maturity table above for ₹1 lakh, ₹5 lakh and ₹10 lakh across 1, 2, 3 and 5-year tenures.
Is State Bank of India FD interest taxable and is TDS deducted?▾
Yes. FD interest is fully taxable and added to your income under "Income from Other Sources", taxed at your slab rate. State Bank of India deducts TDS at 10% once your interest at the bank crosses ₹50,000 in a financial year (₹1 lakh for senior citizens); without a PAN it is 20%. TDS is only advance tax — if your income is below the taxable limit, submit Form 15G (Form 15H for seniors) to stop it, then settle any balance when you file your return.
Can I withdraw a State Bank of India FD before maturity?▾
Yes, most State Bank of India FDs allow premature withdrawal. Interest is then paid at the rate applicable for how long the deposit actually stayed (or the booked rate, whichever is lower), minus a penalty of typically 0.5%–1%. The exception is the 5-year tax-saving FD, which is locked in and cannot be broken early. Enter a shorter tenure in the calculator above to estimate what you would receive.
Cumulative vs monthly-payout State Bank of India FD — which pays more?▾
A cumulative FD keeps the interest inside the deposit and compounds it quarterly, so it pays the most at maturity. A non-cumulative FD pays interest out every month or quarter for regular income, but nothing compounds, so the total is lower. On a ₹5 lakh 3 years FD at 6.25%, the cumulative option earns about Rs. 1.02 lakh versus roughly Rs. 93,750 as plain interest — the extra Rs. 8,491 is the value of compounding. Retirees who need monthly cash flow often still choose the payout option.
Is a State Bank of India FD safe?▾
State Bank of India FDs are insured by the DICGC up to ₹5 lakh per depositor per bank, covering both principal and interest. As an RBI-regulated bank, State Bank of India is a very safe place to park money within that ₹5 lakh limit; spread larger sums across banks to stay fully insured.
Which State Bank of India FD tenure gives the highest return?▾
State Bank of India's highest rate among 1 to 5-year deposits is 6.4% on the 2 years FD. A longer lock-in does not always pay more here — the 2 years FD beats the 5-year rate of 6.05%, so match the tenure to your goal instead of stretching it.