SBI FD Calculator
The SBI FD Calculator helps you determine the interest earned and maturity value of your fixed deposit with the State Bank of India. With SBI offering secure and flexible FD options, this tool is perfect for individuals who want to plan their investments wisely and predict their returns with precision.
What is an SBI Fixed Deposit?
A Fixed Deposit (FD) with SBI allows customers to deposit a lump sum amount for a fixed tenure at a predetermined interest rate. The amount earns interest over the term and is returned along with the principal at maturity. SBI FDs are trusted for their safety and consistent returns.
How the SBI FD Calculator Works
Using the SBI FD Calculator is simple. Enter the following details:
- Deposit Amount (Minimum ₹1,000)
- Interest Rate (varies based on tenure and customer type)
- Tenure (from 7 days to 10 years)
- Compounding Frequency (quarterly for reinvestment FDs)
The calculator will display your total maturity value and interest earned based on SBI’s FD formula.
SBI FD Interest Rates (As of 2025)
SBI offers interest rates between 6.00% and 7.10% per annum for regular customers and up to 7.60% for senior citizens, depending on the tenure. These rates may vary, so it’s best to check SBI’s official site for the latest updates.
Example Calculation
Suppose you invest ₹2,00,000 for 5 years at an interest rate of 7.00% p.a. compounded quarterly:
- Principal: ₹2,00,000
- Interest Earned: ₹82,408 (approx.)
- Maturity Amount: ₹2,82,408 (approx.)
Types of SBI Fixed Deposits
- SBI Term Deposit: Standard FD with flexible tenures
- SBI Tax Saving FD: 5-year lock-in with tax benefit under Section 80C
- SBI Annuity Deposit: Monthly payouts including principal and interest
- SBI FD for Senior Citizens: Additional interest rate benefit
Benefits of Using SBI FD Calculator
- Quick and accurate maturity calculations
- Assists in financial planning and goal setting
- Helps compare different tenure options
- No need for complex manual calculations
Taxation on FD Interest
Interest from SBI FDs is taxable. TDS is deducted if interest exceeds ₹40,000 (₹50,000 for senior citizens) in a financial year. You can submit Form 15G/15H to avoid TDS if your income is below the taxable limit.
How to Open an SBI FD
- Login to SBI Internet Banking or YONO SBI app
- Go to ‘Deposits’ > ‘Open Fixed Deposit’
- Enter deposit amount, tenure, and interest payout preference
- Confirm details and submit
Conclusion
The SBI FD Calculator is a valuable tool for anyone looking to invest in a safe and profitable fixed deposit. It enables better financial planning and provides clarity on returns before investing. Whether you’re saving for a short-term goal or long-term security, SBI’s FD schemes are reliable and rewarding.
Visit SBI’s official website to explore FD options and use their official calculator for live interest rate updates.