SBI FD Interest Rates 2026: Latest Rates for General & Senior Citizens

State Bank of India (SBI), the country's largest public sector lender, remains the most trusted destination for millions of Indian savers. In 2026, SBI has recalibrated its Fixed Deposit (FD) interest rates to stay competitive in a dynamic market while ensuring capital safety for its depositors.

SBI FD Rates Overview 2026

SBI offers a wide range of tenures, from 7 days to 10 years, making it suitable for both short-term parking and long-term goal planning. For most retail investors, the sweet spot lies in the 1-year to 3-year buckets where rates are currently most attractive.

Latest SBI FD Interest Rates (Retail Deposits < ₹2 Crore)

Tenure	General Public	Senior Citizens
1 Year	6.80%	7.30%
2 Years	7.00%	7.50%
3 Years	6.75%	7.25%
5 Years	6.50%	7.50% (SBI Wecare)
10 Years	6.50%	7.50%

Special Scheme: SBI Amrit Kalash (400 Days)

One of the most popular offerings is the Amrit Kalash scheme, a specific tenure of 400 days. This scheme usually offers a higher interest rate than standard tenures. For 2026, the rate is pegged at 7.10% for the general public and 7.60% for senior citizens, making it an excellent choice for those looking for maximum yield over a ~13 month period.

→ SBI FD Calculator — Check Your Maturity Value

SBI 'WeCare' Deposit for Senior Citizens

SBI continues to support its senior citizen depositors through the 'WeCare' deposit scheme. This provides an additional premium of 0.50% (over and above the existing 0.50%) on 5-year and above tenures, effectively giving seniors 1% more than the general public. This is a vital tool for retirees looking for stable, higher-yield monthly or quarterly income.

Tax Implications on SBI FD

It is important to remember that interest earned on SBI FDs is taxable as per your income tax slab. TDS (Tax Deducted at Source) is applicable if the total interest in a financial year exceeds ₹40,000 (₹50,000 for seniors). You can submit Form 15G/15H to avoid TDS if your total annual income is below the taxable limit.

Conclusion

SBI Fixed Deposits offer the perfect blend of safety, liquidity (via overdraft facility), and competitive returns. Whether you are parking a lump sum or planning for a future milestone, SBI's 2026 rates provide a solid foundation for your fixed-income portfolio.