SBI FD Calculator enables you to calculate the maturity value and the interest income you can earn for varied fixed deposit amounts and tenures. The online FD calculator takes into account the principal amount, applicable SBI FD interest rates, and tenure to calculate the maturity and interest amount in the end.
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FD Starts from Rs 2000
Card Limit = 90% of FD
*Rates are subject to change as per the bank's discretion.
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The procedure to use Paisabazaar’s FD Calculator is mentioned below:
Card limit is 90% of FD Amount
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6.5%INTEREST ON FD
| Tenors | Interest Rates (p.a.) | |
| General Public | Senior Citizens | |
| 7 days to 45 days | 3.50% | 4.00% |
| 46 days to 179 days | 5.50% | 6.00% |
| 180 days to 210 days | 6.25% | 6.75% |
| 211 days to less than 1 year | 6.50% | 7.00% |
| 1 year to less than 2 years | 6.80% | 7.30% |
| 2 years to less than 3 years | 7.00% | 7.50% |
| 3 years to less than 5 years | 6.75% | 7.25% |
| 5 years and up to 10 years | 6.50% | 7.50%* |
| 400 days (Amrit Kalash) | 7.10% | 7.60% |
| 444 days (Amrit Vrishti) | 7.25% | 7.75% |
Note: *SBI has introduced special ‘SBI Wecare’ Deposit for senior citizens wherein an additional 0.30% p.a. interest rate over & above the existing 0.50% p.a. will be paid on senior citizen’s FD for the tenure of ‘5 years and above’. The deposit scheme is available till 31 March 2024.
Interest Rates are updated as on 20th Nov 2024.
FDs of up to ₹5 lakhs insured by RBI
No hassle of opening a saving account
No documentation
The maturity value of the FD depends on the deposit amount, SBI FD rates, tenure and type of FD chosen, i.e. cumulative FD and non-cumulative FD.
Under non-cumulative FD, SBI offers a quarterly interest pay-out option for all tenures wherein the interest is credited quarterly to the current/savings account of the depositor. On request, depositors can also opt for monthly, half-yearly and annual interest pay-out options for FD tenures of 1 year and above. In the case of the cumulative SBI FD option, the interest component remains invested till the FD maturity.
SBI monthly interest plan is ideal for retired individuals or for depositors who need a fixed monthly income to meet their daily expenses. The reinvestment or cumulative investment option would help the depositor benefit from the power of compounding, as the interest component remains invested in the FD and starts generating interest income on its own.
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Here’re some of the benefits of using the online SBI FD Calculator
The tool is free of cost and thus can be used multiple times for comparing and analysing returns for different combinations of FD rates, tenure and principal amount.
Manually calculating the maturity value can be time-consuming and laborious which makes room for human errors. The automated process of the Fixed Deposit calculator save hours calculating the returns and provides accurate results.
Before opening a fixed deposit account, the SBI FD interest rate calculator gives you a rough idea of your earnings from your FD in advance, thus helping you make an informed financial decision based on your cash flows and liquidity requirements. The SBI customers can open SBI FD online through net banking and SBI YONO app.
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