SBI Fixed Deposit (FD) Calculator
Calculate your maturity value and interest earnings on SBI domestic retail term deposits with standard quarterly compounding.
Official Rate Formula & Benchmark:
SBI retail domestic term deposits compound interest quarterly according to IBA formula A = P(1 + r/400)^(4t). For a 3-year deposit, the verified card rate is 6.80% p.a. (7.30% p.a. for senior citizens).
Current official starting rate: 6.80% p.a. (Range: 6.50% – 7.10% p.a.).
SBI FD Calculator
Interactive calculation engine using official SBI rates
Senior Citizen Benefit
SBI offers 7.30% p.a. (+0.50% extra) for age 60+
Deposit Growth Schedule
| Year | Cumulative Interest | Closing Value |
|---|---|---|
| Year 1 | ₹34,877 | ₹5,34,877 |
| Year 2 | ₹72,187 | ₹5,72,187 |
| Year 3 | ₹1,12,099 | ₹6,12,099 |
Rate Verification & Official Notice
6.80% p.a.
6.50% – 7.10% p.a.
fixed RateRBI Repo Linked / Card Rate
Senior Citizens: up to 7.30% p.a.Applicable Conditions & Eligibility Factors:
- Quarterly compounding on cumulative retail term deposits
- 50 bps additional interest for senior citizens
- Premature withdrawal penalty of 0.50% to 1.00%
Source: SBI Official Portal - Term Deposit Interest Rates
Rates subject to borrower risk-grade & RBI regulatory changes.How It Works
- 1Quarterly compounding on retail domestic term deposits.
- 2Senior citizens receive an additional 0.50% interest rate.
- 3TDS applies if annual interest exceeds ₹40,000 (₹50,000 for seniors).
Key Factors Influencing Your Rate
- •Tenure selection
- •Senior citizen benefit
- •Tax Saver 5-year FD option under Section 80C
Worked Numerical Example: SBI FD Calculator
A fixed deposit of ₹5,00,000 placed for 3 years at 6.80% p.a. with quarterly compounding matures at ₹6,12,099, earning ₹1,12,099 in cumulative interest.
Frequently Asked Questions: SBI FD Calculator
- What is SBI 3-year FD rate?
- 6.80% p.a. for general public and 7.30% p.a. for senior citizens.
- How is interest compounded?
- Quarterly compounding per IBA guidelines.