State Bank of India (SBI) is the largest public sector bank in India, known for its extensive network and wide range of financial services. It offers fixed deposits with attractive interest rates. Use the calculator to estimate your interest earnings and maturity amounts, making investment planning easy and secure with SBI.
Here is the interest rate table for fixed deposits of less than 3 crore:
| Tenure | General Customers (%) | Senior Citizen (%) |
|---|---|---|
| 7 days to 45 days | 3.50 | 4.00 |
| 46 days to 179 days | 5.50 | 6.00 |
| 180 days to 210 days | 6.25 | 6.75 |
| 211 days to less than 1 year | 6.50 | 7.00 |
| 1 Year to less than 2 years | 6.80 | 7.30 |
| 2 years to less than 3 years | 7.00 | 7.50 |
| 3 years to less than 5 years | 6.75 | 7.25 |
| 5 years and up to 10 years | 6.50 | 7.50 |
Data last updated on 01/09/2024. Check latest interest rates here.
State Bank of India FD Calculator
State Bank of India FD FAQs
What is the minimum and maximum amount required for a Fixed Deposit?
The minimum deposit amount is ₹1,000, with no upper limit. Deposits of ₹2 crore and above are considered bulk deposits.
How is interest paid on SBI Fixed Deposits?
Interest is typically paid quarterly but can be paid monthly, half-yearly, or yearly on request for deposits with a term of 12 months and above.
Can I transfer my Fixed Deposit between SBI branches?
Yes, transferability is allowed among SBI branches.
Is TDS applicable on Fixed Deposits?
Yes, TDS is deducted as per Income Tax rules. You can submit Form 15G/15H for exemption if eligible.