State Bank of India
Fixed Deposit Calculator
Calculate your Fixed Deposit returns with latest SBI interest rates. Get accurate maturity amounts and make informed investment decisions.
Minimum amount varies by bank (typically ₹1,000)
Senior citizens get additional 0.5% interest rate
Interest rate updates automatically based on period
SBI General Rate
Auto-selected based on investment period
Your Tax Slab Rate
Used to calculate actual tax on FD interest
Select 0% if income below ₹3L
New Tax Regime (Budget 2023)
Higher exemption limit (₹3L vs ₹2.5L). Select the rate based on your total annual income.
Important Notes:
• This is your personal income tax rate, not TDS
• TDS (10%) is deducted separately if interest exceeds ₹40,000
• You can claim TDS as advance tax while filing returns
SBI Fixed Deposit Calculator Results
Compare different investment amounts and tenures
SBI Fixed Deposit Interest Rates
Latest interest rates for different tenures
| Tenure | General Rate | Senior Citizen Rate |
|---|---|---|
| 7-14 days | 3.05% | 3.55% |
| 15-29 days | 3.05% | 3.55% |
| 30-45 days | 3.05% | 3.55% |
| 46-179 days | 4.5% | 5% |
| 180-210 days | 5.25% | 5.75% |
| 211 days-1 year | 6.25% | 6.75% |
| 1-2 years | 6.45% | 6.95% |
| 2-3 years | 6.45% | 6.95% |
| 3-5 years | 6.45% | 6.95% |
| 5-10 years | 6.45% | 7.05% |
Important Notes
- • Min deposit: ₹1,000
- • Penalty: 1% on closure
- • TDS if interest > ₹40,000
- • Auto-renewal available
Key Benefits
- • Guaranteed returns
- • Higher than savings rates
- • Loan facility available
- • DICGC insured up to ₹5L
Tax & TDS on SBI Fixed Deposits
Understanding tax implications and deductions on your FD investments
Section 80C
Tax-saving FDs (5-year lock-in) qualify for deduction up to ₹1.5 lakh under Section 80C
Senior Citizens
Higher TDS exemption limit of ₹50,000 for citizens above 60 years
• Regular FDs don't qualify for Section 80C deduction
• Interest income is fully taxable as per income tax slab
• Form 15G/15H can be submitted to avoid TDS
TDS Rate
10%
Exemption Limit
₹40,000
TDS Calculation
TDS is deducted at 10% if total interest from all FDs with SBI exceeds ₹40,000 in a financial year
• TDS is deducted at source by the bank
• Form 26AS shows TDS deducted
• Can be claimed as advance tax while filing ITR
• No TDS if PAN not provided (but 20% TDS applicable)
₹5 Lakh FD
At 6.45% for 3 years
₹32,250
Annual Interest
TDS: ₹0
₹10 Lakh FD
At 6.45% for 3 years
₹64,500
Annual Interest
TDS: ₹2,450
₹25 Lakh FD
At 6.45% for 3 years
₹161,250
Annual Interest
TDS: ₹12,125
SBI FD at a Glance
Key information and features about State Bank of India Fixed Deposits
SBI Quick Info- Largest branch network in India
- Government backing and security
- Online FD booking available
- Competitive interest rates
- Easy premature withdrawal
SBI Fixed Deposit FAQs
Everything you need to know about lumpsum investments
Compare FD Rates Across Banks
Calculate Fixed Deposit returns with different banks and find the best rates
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