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State Bank of India (SBI) FD Interest Rate Calculator

State Bank of India (SBI) FD online calculator will help you calculate the interest that your money will earn when kept in a fixed deposit in State Bank of India (SBI). This will give the details of investment that's the principal amount on maturity after the interest is compounded on days or a monthly, quarterly, half-yearly and yearly basis. To learn about how your fixed deposit earns interest and how much will be your earning at the end of the tenure chosen, Goodreturns online calculators will help you.

State Bank of India (SBI) Fixed Deposit Interest Rates

State Bank of India (SBI) fixed deposit is a great way to save money for a period of time, if you are looking at getting your invested money safely along with good returns on your investment, then fixed deposit is the way to go. Checking the State Bank of India (SBI) fixed deposit interest rate and making the decisions is now very easy.

For domestic deposits - Less than Rs. 1 cr [ Revised on : 29-04-2017 ]

Maturity Period Deposit Amount Interest Rate
General Senior Citizen
7 days to 45 days Less than Rs. 1 cr 5.50 6.00
46 days to 179 days Less than Rs. 1 cr 6.50 7.00
180 days to 210 days Less than Rs. 1 cr 6.50 7.00
211 days to less than 1 year Less than Rs. 1 cr 6.50 7.00
1 year to 455 days Less than Rs. 1 cr 6.90 7.40
456 days to less than 2 years Less than Rs. 1 cr 6.75 7.25
2 years to less than 3 years Less than Rs. 1 cr 6.25 6.75
3 years to less than 5 years Less than Rs. 1 cr 6.25 6.75
5 years and upto 10 years Less than Rs. 1 cr 6.25 6.75

For domestic deposits - Above Rs. 10 cr [ Revised on : 24-11-2016 ]

Maturity Period Deposit Amount Interest Rate
General Senior Citizen
7 days to 45 days Above Rs. 10 cr 3.75 4.25
46 days to 179 days Above Rs. 10 cr 3.85 4.35
180 days to 210 days Above Rs. 10 cr 3.85 4.35
211 days to less than 1 year Above Rs. 10 cr 4.00 4.50
1 year to 455 days Above Rs. 10 cr 4.25 4.75
456 days to less than 2 years Above Rs. 10 cr 4.25 4.75
2 years to less than 3 years Above Rs. 10 cr 4.25 4.75
3 years to less than 5 years Above Rs. 10 cr 4.25 4.75
5 years and upto 10 years Above Rs. 10 cr 4.25 4.75

For domestic deposits - Rs. 1 cr to 10 crs [ Revised on : 24-11-2016 ]

Maturity Period Deposit Amount Interest Rate
General Senior Citizen
7 days to 45 days Rs. 1 cr to 10 crs 3.75 4.25
46 days to 179 days Rs. 1 cr to 10 crs 3.85 4.35
180 days to 210 days Rs. 1 cr to 10 crs 3.85 4.35
211 days to less than 1 year Rs. 1 cr to 10 crs 4.00 4.50
1 year to 455 days Rs. 1 cr to 10 crs 4.25 4.75
456 days to less than 2 years Rs. 1 cr to 10 crs 4.25 4.75
2 years to less than 3 years Rs. 1 cr to 10 crs 4.25 4.75
3 years to less than 5 years Rs. 1 cr to 10 crs 4.25 4.75
5 years and upto 10 years Rs. 1 cr to 10 crs 4.25 4.75

For NRO Fixed Deposit - Less than Rs. 1 cr [ Revised on : 29-04-2017 ]

Maturity Period Deposit Amount Interest Rate
7 days to 45 days Less than Rs. 1 cr 5.50
46 days to 179 days Less than Rs. 1 cr 6.50
180 days to 210 days Less than Rs. 1 cr 6.50
211 days to less than 1 year Less than Rs. 1 cr 6.50
1 year to 455 days Less than Rs. 1 cr 6.90
456 days to less than 2 years Less than Rs. 1 cr 6.75
2 years to less than 3 years Less than Rs. 1 cr 6.25
3 years to less than 5 years Less than Rs. 1 cr 6.25
5 years and upto 10 years Less than Rs. 1 cr 6.25

For NRO Fixed Deposit - Above Rs. 10 cr [ Revised on : 24-11-2016 ]

Maturity Period Deposit Amount Interest Rate
7 days to 45 days Above Rs. 10 cr 3.75
46 days to 179 days Above Rs. 10 cr 3.85
180 days to 210 days Above Rs. 10 cr 3.85
211 days to less than 1 year Above Rs. 10 cr 4.00
1 year to 455 days Above Rs. 10 cr 4.25
456 days to less than 2 years Above Rs. 10 cr 4.25
2 years to less than 3 years Above Rs. 10 cr 4.25
3 years to less than 5 years Above Rs. 10 cr 4.25
5 years and upto 10 years Above Rs. 10 cr 4.25

For NRO Fixed Deposit - Rs. 1 cr to 10 crs [ Revised on : 24-11-2016 ]

Maturity Period Deposit Amount Interest Rate
7 days to 45 days Rs. 1 cr to 10 crs 3.75
46 days to 179 days Rs. 1 cr to 10 crs 3.85
180 days to 210 days Rs. 1 cr to 10 crs 3.85
211 days to less than 1 year Rs. 1 cr to 10 crs 4.00
1 year to 455 days Rs. 1 cr to 10 crs 4.25
456 days to less than 2 years Rs. 1 cr to 10 crs 4.25
2 years to less than 3 years Rs. 1 cr to 10 crs 4.25
3 years to less than 5 years Rs. 1 cr to 10 crs 4.25
5 years and upto 10 years Rs. 1 cr to 10 crs 4.25

For NRE Fixed Deposit - Less than Rs. 1 cr [ Revised on : 29-04-2017 ]

Maturity Period Deposit Amount Interest Rate
1 year to 455 days Less than Rs. 1 cr 6.90
456 days to less than 2 years Less than Rs. 1 cr 6.75
2 years to less than 3 years Less than Rs. 1 cr 6.25
3 years to less than 5 years Less than Rs. 1 cr 6.25
5 years and upto 10 years Less than Rs. 1 cr 6.25

For NRE Fixed Deposit - Above Rs. 10 cr [ Revised on : 01-03-2017 ]

Maturity Period Deposit Amount Interest Rate
1 year to 455 days Above Rs. 10 cr 4.25
456 days to less than 2 years Above Rs. 10 cr 4.25
2 years to less than 3 years Above Rs. 10 cr 4.25
3 years to less than 5 years Above Rs. 10 cr 4.25
5 years and upto 10 years Above Rs. 10 cr 4.25

For NRE Fixed Deposit - Rs. 1 cr to 10 crs [ Revised on : 01-03-2017 ]

Maturity Period Deposit Amount Interest Rate
1 year to 455 days Rs. 1 cr to 10 crs 4.25
456 days to less than 2 years Rs. 1 cr to 10 crs 4.25
2 years to less than 3 years Rs. 1 cr to 10 crs 4.25
3 years to less than 5 years Rs. 1 cr to 10 crs 4.25
5 years and upto 10 years Rs. 1 cr to 10 crs 4.25

Different types of Fixed Deposit Available with state Bank of India

  • Fixed Deposit
  • Recurring Deposit
  • Tax Saving Fixed Deposit
  • SBI Multi Option Deposit Scheme (MODS)

The fixed deposit can be opened offline by visiting as well as online. To open fixed deposit online, the customer should be a registered for net banking.

Individuals can open fixed deposit with as low as Rs 1000 and there is specified a limit on the maximum amount. However, for an amount, more than Rs 50,000 Pan Card number should be available with the bank.

Fixed deposit tenure

Interest rates vary with tenure of the fixed deposit. Minimum tenure to open a fixed deposit is 7 days and maximum up to 10 years. State Bank's deposits interest rates range from 5.25% - 7.25% per annum depending on the tenure which is compounded quarterly. While interest rate changes for the amount of Rs 1 crore and above. Usually, the interest rate will be below the regular interest rate.

NRI fixed deposit

NonResident Indians can open fixed deposit with SBI where they can deposit rupee and foreign currency. If the deposit amount is up to Rs 5 lakhs, there will be no penalty levied for withdrawal after one year. For deposits up to Rs 1 crore and above no interest is payable if it is withdrawn before one year of deposit.

For NRO fixed deposit, interest is not payable if the deposit is withdrawn before 7 days. For deposit up to Rs 5 lakhs, no penalty will be levied for premature, provided it has remained with the bank for at least 7 days.

Taxation

Tax deducted at source will be applicable where the interest earned on the fixed deposit is above Rs 10,000. The amount will be deducted 10% on interest income, where PAN number is available with the bank. In absence of PAN details, TDS will be applicable at 20% on interest income.

Difference between Interest payout and reinvestment option

While booking fixed deposit there will be an option to choose the interest payout option. Individuals have to make a choice on how frequently interest should be paid from under interest payment option- monthly, quarterly and yearly and other option is reinvestment option where the interest earned is added to the principle and will be paid along with maturity.

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