SB
SBI Fixed Deposit (FD) Calculator
6.80% p.a.Current Rate
Up to 6.80% p.a.
Senior Citizen Rate
Up to 7.30% p.a.
Min Deposit
₹1,000
Rates shown are indicative as of June 2025. Verify current rates with State Bank of India before applying.
Maturity amount
$106,975.37
- Principal
- Interest
- Principal
- $100,000.00
- Interest earned
- $6,975.37
- Maturity amount
- $106,975.37
Your 100,000 grows by about 7.0% over 1 years — interest of roughly 6,975 on top of your principal. Compounding quarterly rather than annually adds a small but real boost.
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Frequently asked questions
- What is the current SBI FD interest rate?
- SBI's indicative FD rate is 6.80% p.a.. SBI FD rate for general public (1–2 years) as of June 2025. Senior citizens typically earn an additional 0.50% p.a.
- How is FD maturity amount calculated?
- For quarterly compounding: Maturity = P × (1 + r/4)^(4t), where P is principal, r is annual rate, and t is tenure in years.
- Is TDS deducted on SBI FD interest?
- Yes. TDS at 10% is deducted if interest exceeds ₹40,000 in a financial year (₹50,000 for senior citizens). Submit Form 15G/15H if your total income is below the taxable limit.
- Can I break a SBI FD prematurely?
- Yes, with a penalty of 0.50–1% on the contracted rate. Check State Bank of India's schedule of charges for the exact penalty applicable to your deposit.
Looking for the generic version? Open the standard Fixed Deposit (FD) Calculator