This SBI FD Calculator shows exactly how much your State Bank of India fixed deposit will be worth at maturity, using SBI’s official tenure-wise interest rates (revised 15-Dec-2025, current through Oct-Dec 2026). Pick your deposit amount and tenure, toggle senior citizen status, and see your maturity value, total interest, and effective yield, based on SBI’s quarterly-compounding method. Enter your own deposit amount into the SBI FD calculator above to see your exact maturity value before you invest.
SBI FD Calculator
Calculate your maturity value using SBI’s actual published card rates for each tenure band.
SBI FD Interest Rates (Effective 15-Dec-2025, Current for Oct-Dec 2026)
These are SBI’s official card rates for retail domestic term deposits below ₹3 crore. Senior citizens get a standard 0.50% premium across all tenures; the 5-10 year band adds a further 0.50% under the “SBI We-Care” scheme, taking the senior rate there to a full 1% above the general rate.
| Tenure | General Public | Senior Citizens |
|---|---|---|
| 7 days to 45 days | 3.05% | 3.55% |
| 46 days to 179 days | 4.90% | 5.40% |
| 180 days to 210 days | 5.65% | 6.15% |
| 211 days to less than 1 year | 5.90% | 6.40% |
| 1 year to less than 2 years | 6.25% | 6.75% |
| 2 years to less than 3 years | 6.40% | 6.90% |
| 3 years to less than 5 years | 6.30% | 6.80% |
| 5 years to 10 years | 6.05% | 7.05%* |
| 444 days (Amrit Vrishti) | 6.45% | 6.95% |
*Includes an additional 50 bps under the “SBI We-Care” deposit scheme for senior citizens on 5-10 year deposits. Super senior citizens (80+) get a further 10 bps under “SBI Patrons” on most tenures (not applicable to Tax Saving Scheme 2006, Green Rupee TD, or Non-Callable deposits).
SBI FD Monthly Interest Payout (SBI MIS Style Income)
Searching for an SBI MIS calculator? SBI does not run a separate monthly income scheme like the Post Office MIS, but you can choose monthly interest payout on a regular SBI FD. Because the interest is paid out every month instead of compounding every quarter, banks pay it at a slightly discounted rate. The table below shows the approximate monthly income on SBI’s current card rates (effective 15 December 2025, unchanged as of 10 October 2026).
| Deposit | 1 to 2 years (6.25%) | 3 to 5 years (6.30%) | Senior citizen, 3 to 5 years (6.80%) |
|---|---|---|---|
| ₹5 lakh | about ₹2,590 to ₹2,600 | about ₹2,610 to ₹2,625 | about ₹2,815 to ₹2,835 |
| ₹10 lakh | about ₹5,180 to ₹5,210 | about ₹5,220 to ₹5,250 | about ₹5,635 to ₹5,665 |
| ₹25 lakh | about ₹12,950 to ₹13,020 | about ₹13,055 to ₹13,125 | about ₹14,085 to ₹14,165 |
The lower figure assumes the quarterly rate is discounted to a monthly rate; the higher figure is simple interest divided by 12. Your branch will confirm the exact monthly amount. For a government backed monthly income option, compare with our Post Office MIS calculator.
SBI Amrit Vrishti (444 days) and super senior citizen rates
SBI’s special 444 day Amrit Vrishti deposit pays 6.45% for the general public (revised from 6.60% on 15 December 2025), with extra for senior citizens. Customers aged 80 and above get a further 0.10% over the senior citizen rate under the SBI Patrons scheme. Example: ₹23.7 lakh in Amrit Vrishti for 444 days at 6.45% with quarterly compounding earns about ₹1,91,800 of interest, or about ₹1,72,650 after 10% TDS. Check the SBI deposit rates page before you book.
How SBI Calculates FD Maturity Value
SBI compounds fixed deposit interest quarterly. The formula is: Maturity Value = P × (1 + R/400)4t, where P is the deposit amount, R is the annual interest rate, and t is the tenure in years. This is why FD returns are slightly higher than a simple-interest estimate would suggest. Each quarter’s interest is added back to the principal before the next quarter’s interest is calculated.
Premature Withdrawal: What It Costs You
If you break an SBI FD before maturity, the bank charges a penalty on the interest rate rather than the principal. For deposits up to ₹5 lakh, the penalty is 0.50%; for deposits above ₹5 lakh, it’s 1%. You get either the rate that applied when you opened the FD for the period you actually held it, minus the penalty, or the original contracted rate minus the penalty, whichever is lower. If you withdraw within the first 7 days of booking, SBI does not pay any interest at all.
Tax on SBI FD Interest
The SBI FD calculator above shows gross interest only, not post-tax returns. FD interest is fully taxable at your income tax slab rate, added to your total income under “Income from Other Sources.” SBI deducts TDS at 10% once your total interest income from the bank crosses ₹50,000 in a financial year (₹1,00,000 for senior citizens, limits in force since 1 April 2025); without a PAN on file, TDS jumps to 20%. TDS is deducted even if you close the FD early. If your total income is below the taxable limit, you can submit Form 15G (under 60) or Form 15H (60 and above) to stop TDS deduction, but you still owe tax on the interest if your total income is taxable; 15G/15H only prevents upfront deduction, it doesn’t exempt the income.
SBI FD vs Other Options
| Option | Typical Rate (1-3 yr) | Liquidity |
|---|---|---|
| SBI FD | 6.25% – 6.90% | Premature withdrawal with penalty |
| Post Office Time Deposit (5-yr) | 7.50% | Premature withdrawal after 6 months |
| Post Office MIS | 7.40% (monthly payout) | Locked 5 years, penalty before 1 year |
| PPF | 7.10% | Locked 15 years, partial withdrawal from year 7 |
SBI’s FD rates trail small-savings schemes like the Post Office Time Deposit and PPF at most tenures, but FDs offer easier premature access, quarterly-compounded growth, and the convenience of an existing bank relationship. See the full Post Office Savings Schemes guide and Post Office MIS Calculator for comparison.
Official Resources
For the latest official rates, refer to SBI’s Retail Domestic Term Deposits page.
Related Guides & Tools
- FD Calculator – Compare Rates Across Banks
- Post Office MIS Calculator
- PPF Account – Complete Guide
- Post Office Savings Schemes 2026
SBI FD Maturity Example: ₹5 Lakh
SBI compounds FD interest quarterly. At the current card rates for deposits below ₹3 crore, a ₹5,00,000 deposit grows as follows:
| Deposit | Rate | Maturity value | Interest earned |
|---|---|---|---|
| 1 year, general | 6.25% | ₹5,31,990 | ₹31,990 |
| 5 years, general | 6.05% | ₹6,75,088 | ₹1,75,088 |
| 5 years, senior citizen | 7.05% | ₹7,09,129 | ₹2,09,129 |
The extra 1% for senior citizens on a 5-year deposit adds about ₹34,000 over the term. Interest is taxable at your slab rate, so the post-tax return is lower.
Illustrative figures at the rates SBI published effective 15 December 2025. Confirm the latest rate on the SBI website before booking.
Frequently Asked Questions
What is the current SBI FD interest rate for 1 year?
SBI pays 6.25% p.a. for general citizens and 6.75% p.a. for senior citizens on deposits held for 1 year to less than 2 years, effective since 15 December 2025 and unchanged through Oct-Dec 2026.
Does SBI FD interest compound monthly or quarterly?
Quarterly. SBI adds accrued interest back to the principal every three months, so your effective annual return is slightly higher than the quoted nominal rate.
What happens if I break my SBI FD early?
SBI charges a penalty of 0.50% (deposits up to ₹5 lakh) or 1% (above ₹5 lakh) on the interest rate for the period you actually held the deposit. Breaking an FD within 7 days of booking forfeits all interest.
How much extra interest do senior citizens get on SBI FDs?
A standard 0.50% over general rates on all tenures, rising to a full 1% on 5-10 year deposits due to an additional 0.50% “SBI We-Care” premium. Super senior citizens (80+) get another 0.10% on most tenures.
Is TDS deducted on SBI FD interest?
Yes, once your total interest income from SBI crosses ₹50,000 in a financial year (₹1,00,000 for senior citizens, limits in force since 1 April 2025), SBI deducts 10% TDS (20% without PAN). You can avoid upfront deduction by submitting Form 15G/15H if your total income is below the taxable threshold.
Can I get monthly interest from an SBI FD?
Yes. Choose monthly interest payout when you open the FD. SBI pays the interest at a slightly discounted rate because it is not compounded quarterly. On ₹10 lakh at 6.30% that works out to roughly ₹5,220 to ₹5,250 a month.
References: SBI Bank official rates, Business Today
Reviewed by: MoneyPundit Team | Last updated: July 2, 2026
Data source: Rates sourced directly from SBI’s official fixed deposit rate card (sbi.bank.in), effective 15 December 2025.
Methodology: This calculator applies SBI’s published quarterly-compounding formula to official card rates. It excludes special/promotional schemes (like Amrit Vrishti) unless explicitly selected. Bank rates change periodically: always confirm the current rate on sbi.bank.in before booking a deposit.