SBI periodically runs special-tenure deposits such as Amrit Vrishti (444 days) with a higher rate than the regular slab; check the current card on the calculator above.
SBI FD Calculator
Calculate the maturity value of a State Bank of India fixed deposit at the latest tenure-wise rates, including the senior-citizen add-on, cumulative vs monthly/quarterly payout modes and TDS on interest.
Maturity amount
₹5,31,990
Total interest
₹31,990
Applicable rate
6.25%
1 year – < 2 years
TDS deducted (if PAN linked)
₹0
Interest after TDS
₹31,990
Year-wise balance
| Year | Principal | Interest earned | Value |
|---|---|---|---|
| 1 | ₹5,00,000 | ₹31,990 | ₹5,31,990 |
- Interest compounded quarterly.
- Premature withdrawal typically attracts a 0.5–1% penalty on the applicable rate.
State Bank of India rates as on 2026-06-15 for deposits below ₹3 crore; indicative and subject to revision by the bank. TDS applies when interest exceeds ₹50,000 a year (₹1,00,000 for senior citizens).
State Bank of India FD interest rates
| Tenure | General (p.a.) | Senior citizen (p.a.) |
|---|---|---|
| 7 – 45 days | 3.50% | 4.00% |
| 46 – 179 days | 5.50% | 6.00% |
| 180 – 210 days | 6.25% | 6.75% |
| 211 days – < 1 year | 6.50% | 7.00% |
| 1 year – < 2 years | 6.25% | 6.75% |
| 2 years – < 3 years | 6.45% | 6.95% |
| 3 years – < 5 years | 6.30% | 6.80% |
| 5 years – 10 years | 6.05% | 6.55% |
| Amrit Vrishti (444 days) | 6.60% | 7.10% |
Rates as on 2026-06-15; indicative for deposits below ₹3 crore. Verify on the bank's website before investing.
How the SBI FD Calculator works
State Bank of India pays interest on fixed deposits by tenure slab. Cumulative deposits compound quarterly and pay everything at maturity; payout deposits credit simple interest to your account monthly or quarterly.
Senior citizens get an extra 0.5% p.a. on most tenures. Interest is taxable at your slab; the bank deducts 10% TDS once interest in a financial year crosses the threshold (20% without PAN), which you can avoid with Form 15G/15H if your total income is below the taxable limit.
Maturity = P × (1 + r/4)^(4 × years) (quarterly compounding)
- P
- deposit
- r
- annual rate
Worked example
- Deposit amount: ₹5,00,000
- Tenure: 1 year
- Depositor: General
- Interest: Cumulative
₹5 lakh for 1 year at 6.25% compounded quarterly matures at about ₹5,31,990. The effective yield is slightly above the card rate because of quarterly compounding.