SBI Fixed Deposit Calculator with Monthly Payouts – Estimate Monthly Interest

The SBI Fixed Deposit Calculator with Monthly Payouts helps investors estimate the monthly interest they can earn from their FD in State Bank of India. This tool is especially useful for individuals who want consistent monthly income while preserving their capital.

What is SBI Monthly Payout FD?

SBI offers a Monthly Income Scheme under its fixed deposit plans, where the interest is paid out every month. The principal remains locked until maturity. This scheme is ideal for pensioners, retirees, or anyone seeking passive monthly earnings.

How SBI Monthly FD Calculator Works

To estimate your earnings, input the following details in the calculator:

Deposit Amount (Minimum ₹1,000)
Tenure (Minimum 7 days to 10 years)
Applicable Interest Rate (varies by tenure and age)

The calculator displays:

Monthly Interest Payout
Total Interest Over Tenure
Maturity Value (Principal returned)

Example

If you invest ₹3,00,000 for 5 years at an interest rate of 6.5% per annum:

Monthly Interest: ₹1,625
Total Interest Over 5 Years: ₹97,500
Maturity Amount: ₹3,00,000

Benefits of SBI Monthly Payout FD

Reliable monthly income
Safe and government-backed bank
Flexible tenure options
Additional 0.50% interest for senior citizens

Taxation

Monthly interest from SBI FDs is taxable. If total interest exceeds ₹40,000 (₹50,000 for senior citizens) in a financial year, TDS is applicable. Eligible individuals can submit Form 15G/15H to avoid TDS.

Conclusion

The SBI FD Calculator with Monthly Payouts is a powerful tool to plan your monthly earnings and make smarter investment decisions. Whether you’re retired or looking for regular income, SBI’s Monthly Income Scheme provides a secure option with predictable returns.