Savings Calculators
SBI FD Calculator
State Bank of India (SBI), India's largest public-sector bank by deposits and branch network, offers fixed deposits across a range of tenures — from 7 days to 10 years. SBI FDs are backed by the bank's government majority ownership and are insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC) up to ₹5 lakh per depositor. Whether you want a short parking option or a long-term guaranteed-return savings product, an SBI FD provides certainty the day you book it. Use this SBI FD calculator to find your maturity amount and interest earned — enter the deposit amount, an indicative interest rate and tenure to see your returns with quarterly compounding.
- Invested
- ₹1,00,000
- Interest Earned
- ₹40,094
Maturity Value
₹1,40,094
- Invested71%
- Interest Earned29%
Formula
M = P × (1 + r/4)^(4 × t)
- M
- Maturity amount at the end of the tenure.
- P
- Principal — the lumpsum amount deposited with SBI.
- r
- Annual interest rate ÷ 100.
- t
- Deposit tenure in years.
SBI, like most Indian banks, compounds FD interest quarterly. The rate shown is indicative for illustrative purposes — confirm the live rate on SBI's official website or at a branch before booking, as rates vary by tenure and deposit amount.
Worked example
Suppose you place a fixed deposit of ₹1,00,000 with SBI at an indicative rate of 6.80% per annum for a tenure of 5 years, with quarterly compounding.
- Deposit Amount (P)
- ₹1,00,000
- Interest Rate (p.a.)
- 6.80% (indicative)
- Tenure
- 5 years
Your SBI FD matures to about ₹1,40,097 — meaning roughly ₹40,097 of interest earned on top of the ₹1,00,000 deposited. Quarterly compounding means each quarter's interest is added to the principal, so each subsequent quarter earns a little more.
Year-by-year growth
Based on the default SBI FD Calculator values above. The final year matches the maturity value shown by the calculator — change the inputs to project your own plan.
- Total invested
- ₹1,00,000
- Interest earned
- ₹40,094
- Maturity value
- ₹1,40,094
- Value / invested
- 1.40×
Over 5 years, your ₹1,00,000 grows to about ₹1,40,094 — roughly 1.40× what you put in, thanks to compounding.
| Year | Invested | Interest earned | Maturity value |
|---|---|---|---|
| 1 | ₹1,00,000 | ₹6,975 | ₹1.07 Lakh |
| 2 | ₹1,00,000 | ₹14,437 | ₹1.14 Lakh |
| 3 | ₹1,00,000 | ₹22,420 | ₹1.22 Lakh |
| 4 | ₹1,00,000 | ₹30,959 | ₹1.31 Lakh |
| 5 | ₹1,00,000 | ₹40,094 | ₹1.40 Lakh |
How this SBI FD calculator works
Enter the deposit amount, interest rate and tenure to see your SBI FD maturity value and interest earned update instantly. The calculator uses quarterly compounding — the method SBI applies to most of its fixed deposit products. The interest rate is pre-set to an illustrative 6.80%, which you should adjust to match the rate SBI quotes for your chosen tenure.
Why SBI FDs attract millions of depositors
SBI’s deposit base exceeds ₹40 lakh crore, reflecting decades of trust built on the bank’s government ownership, wide branch network and consistent rate offerings. For investors who prioritise capital safety and a predictable return over wealth maximisation, an SBI FD delivers: the rate is locked in at booking, the maturity amount is known in advance, and the government connection provides an implicit safety net beyond the DICGC insurance cover.
Tips for SBI FD investors
- Ladder your FDs — book multiple deposits with staggered maturities (1, 2 and 5 years) so some money becomes available regularly without breaking longer-tenure deposits.
- Check special scheme rates — SBI periodically introduces higher-rate special tenors (e.g. 400-day or 444-day deposits); these can yield more than a standard 1-year or 3-year FD.
- Senior citizen rates — if you are 60 or above, you qualify for a premium over the standard rate; ask the branch or check the website for the applicable additional rate.
- Automate renewal — set the FD to auto-renew at maturity to avoid a lapse in interest and keep the deposit cycle running.
- Track the TDS threshold — if your total interest from all FDs in a year is likely to exceed ₹40,000, plan taxes proactively.
faq
Frequently asked questions.
What types of FDs does SBI offer?
SBI offers several fixed deposit products: regular term deposits (7 days to 10 years), the SBI Tax Savings Scheme FD (5-year lock-in, deduction under Section 80C), SBI Annuity Deposit (periodic payouts), Multi Option Deposit Scheme (partial withdrawal allowed), and special-tenor deposits that periodically offer higher rates. Senior citizens receive an additional rate over standard rates on most schemes.
Is an SBI FD safe?
SBI is a government-majority-owned bank with a strong balance sheet, and deposits are insured by DICGC up to ₹5 lakh per depositor per bank. Within the insured limit, an SBI FD is one of the safest savings options available in India. Deposits above ₹5 lakh carry standard banking risk but are widely considered very low-risk given SBI's systemic importance.
Does SBI charge for premature FD withdrawal?
Yes. SBI levies a penalty (typically 0.50–1.00% reduction in interest rate) for closing an FD before maturity. The actual penalty depends on the product and the terms at the time of booking. Tax Savings FDs cannot be withdrawn before the 5-year lock-in period.
Is interest on an SBI FD taxable?
Yes. FD interest is taxed as income in your hands. SBI deducts TDS at 10% when the annual interest from all FDs at the bank exceeds ₹40,000 (₹50,000 for senior citizens). If your total income is below the basic exemption limit, you can submit Form 15G/15H to prevent TDS deduction. This calculator shows the gross maturity amount before any TDS.
Can I take a loan against my SBI FD?
Yes. SBI allows overdraft or loan against FD, typically up to 90% of the deposit value at an interest rate slightly above the FD rate. This is useful if you need liquidity without breaking the FD and losing interest.