SBI FD Calculator

State Bank of India Fixed Deposits Explained

State Bank of India runs the largest term deposit book in the country, and the SBI FD calculator above applies the same quarterly compounding SBI itself uses, so the maturity figure matches what a branch will quote. Deposits run from 7 days to 10 years, open end to end through YONO or NetBanking for existing customers, and carry DICGC cover up to ₹5 lakh per depositor. What distinguishes SBI is less the standard deposit than the range of structured variants built around it — annuity payouts, sweep-linked accounts and periodically issued special-tenure schemes.

SBI FD Schemes You Can Open

SBI wraps several distinct products around the same underlying deposit, and the one you choose changes how and when you get paid rather than how the interest is computed:

• •SBI Term Deposit and Special Term Deposit — The standard pair. The Term Deposit pays interest out at chosen intervals; the Special Term Deposit reinvests it so the whole amount compounds to maturity.
• •SBI Annuity Deposit Scheme — Structurally different from an FD: you deposit once and receive a fixed monthly instalment made up of principal plus interest, so the balance runs down to nil over the term. An SBI annuity deposit scheme calculator answers a different question from this one — here your principal is returned intact at maturity, there it is repaid to you gradually.
• •SBI Multi Option Deposit (MOD) — A deposit linked to your savings account that breaks in ₹1,000 units when you need cash, so a shortfall does not force you to close the whole deposit.
• •Special-tenure deposits — SBI periodically issues fixed-duration deposits at their own rate card, usually in the one-to-two-year range. These open and close, so check what is currently on offer in YONO or at a branch rather than relying on a name you saw earlier.
• •SBI Tax Saving Scheme 2006 — The five-year lock-in deposit qualifying under Section 80C. No premature closure and no loan against it for the whole term.

SBI FD Tenure Slabs and Deposit Rules

Tenure decides how the interest is worked out, not just how long the money is tied up. Below roughly six months there is no completed quarter, so interest is simple; past that it compounds quarterly.

How to Check SBI FD Interest Rates

SBI FD rates are quoted per tenure slab and revised as policy and funding needs shift, so a one-year and a three-year deposit opened on the same morning can price differently.

SBI publishes its retail domestic term deposit card on sbi.co.in and inside YONO, split by tenure bucket and by deposit size, with a separate senior citizen column. Because the buckets are defined narrowly, moving a deposit a few days across a boundary can change the rate you get.

Take the current State Bank of India fixed deposit rates for your exact tenure from the official card, then enter that number above.

What Is Specific to an SBI FD

• •The Annuity Deposit Scheme returns principal along with interest each month, unlike an FD where the principal comes back whole at maturity — savers looking for an SBI monthly income scheme calculator usually want that product rather than this one.
• •Multi Option Deposit linking lets a deposit break in ₹1,000 units against a savings shortfall, so a small cash need does not cost you the whole deposit.
• •Senior citizens receive an increment over the card rate, and SBI has at times run an additional premium on longer senior-citizen tenures.
• •An overdraft of up to 90% of the deposit value is available online without paperwork, which is almost always cheaper than breaking the deposit.
• •Rate buckets are defined by exact day ranges, so a 180-day and a 181-day deposit can price differently.

On an illustrative 7%, ₹5,00,000 held for five years compounds to about ₹7,07,389. Take the rate SBI currently quotes for your exact tenure bucket and enter it above for the figure that will apply to your deposit.

Compare lenders on the master FD calculator, or a monthly commitment on the RD calculator.