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 Jul-Sep 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.
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 Jul-Sep 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).
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
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 ₹40,000 in a financial year (₹50,000 for senior citizens); 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
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 Jul-Sep 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 ₹40,000 in a financial year (₹50,000 for senior citizens), 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.
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.
