What is the current SBI FD interest rate?

As of 2026-27, SBI offers competitive interest rates for the general public and senior citizens, depending on the tenure. Use our calculator for exact maturity figures based on your investment amount.

Which bank offers the highest FD rate in India 2026?

As of early 2026, Small Finance Banks (like AU, Equitas, and Unity) continue to offer the highest FD rates ranging from 8.0% to 9.25%. Major private banks (HDFC, ICICI, Kotak) offer 7.0% to 7.75%, while SBI and other PSU banks range between 6.8% and 7.3%. For the highest safety, sticking to 'Too Big To Fail' banks (SBI, HDFC, ICICI) is recommended for amounts significantly exceeding the ₹5 lakh insurance limit.

What is the latest bank FD interest rate for 2026?

As of early 2026, major Indian banks like SBI, HDFC, and ICICI are offering FD rates between 6.5% and 7.5% for regular citizens, with senior citizens getting an additional 0.50%. Smaller private banks and small finance banks may offer higher rates up to 8.5%.

How much will my FD of ₹1L be worth in 5 years?

At an interest rate of 7%, your Fixed Deposit (FD) of **₹1L** will grow to approximately **₹1.41 L** over a tenure of **5** years. This includes the principal and the quarterly compounded interest.

Which bank offers the highest FD rate in India (May 2026)?

Currently, Small Finance Banks (SFBs) like Unity, Equitas, and AU Small Finance Bank typically offer the highest rates, often crossing 8%. Among major banks, HDFC and ICICI often lead for specific tenures like 15-18 months.

Is my bank FD safe? What is the DICGC insurance limit?

Yes, bank FDs are extremely safe. Every bank in India is insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC). In the rare event of a bank failure, your deposits (principal + interest) are insured up to ₹5 Lakh per bank.

How is FD interest calculated? Quarterly vs Monthly payout?

Most banks use quarterly compounding to calculate FD interest. If you choose a 'Cumulative' FD, the interest is reinvested every quarter. If you choose 'Non-Cumulative', you can receive payouts monthly or quarterly, but the total interest earned will be slightly lower.

Can I save tax with a Fixed Deposit? (Section 80C rules)

Yes, you can invest in a 'Tax-Saving FD' with a mandatory 5-year lock-in period. These qualify for a deduction up to ₹1.5 Lakh under Section 80C. However, interest earned on these FDs is still taxable.

What is the premature withdrawal penalty for FDs in 2026?

Most banks charge a penalty of 0.5% to 1.0% on the applicable interest rate if you break an FD before maturity. Some 'Non-Callable' FDs offer higher rates but do not allow any premature withdrawal at all.

SBI FD Interest Rates 2026 – Calculator & Current Rates

Personalized FD Analysis

Reviewed by Mahavir Hirani, Financial Expert

State Bank of India (SBI) is India's largest public sector bank, offering secure and reliable Fixed Deposit schemes. The SBI FD Calculator helps you estimate your maturity amount precisely using the latest 2026 interest rates.

Principal Amount

₹

Interest Rate (% p.a)

Duration

MON

Compounding Frequency

Maturity Wealth

₹1,41,478

Wealth accumulated over 5.0 years.

Total Interest

₹41,478

Compound returns

Monthly Payout

₹583

Indicative monthly income

Growth Milestone

Interest Multiplier

You earned ₹6,478 more than simple interest.

Capital Structure

Base Capital

71%

Growth

29%

Strategy Insight

The Laddering Advantage

Don't lock your entire capital in a single tenure. Staggering maturity ensures constant liquidity of ₹1,00,000.

Safety

DICGC Insured up to ₹5L.

Yield

Auto-reinvest for growth.

State Bank of India FD 2026

State Bank of India remains a preferred choice for millions of Indians due to its stability and extensive reach. In the 2026 fiscal cycle, its FD products are prioritized for capital preservation and steady income.

Safety Status

Institutional Gold Standard

Latest SBI FD Rates

Updated April 2026

1 Year

6.80%

2 Years

7.00%

3 Years

6.75%

5 Years

6.50%

Highest safety rating in India (Sovereign Backed)
Zero hidden charges on premature withdrawal after 1 year
Special 'Amrit Kalash' schemes for high-yield seekers

FD Interest Rates (2026)

SBI FD Interest HDFC FD Rates ICICI Bank FD Post Office FD Axis Bank FD Kotak FD Rates IDFC First FD Federal Bank FD

Popular Deposit Amounts

₹1 Lakh FD ₹2 Lakh FD ₹5 Lakh FD ₹10 Lakh FD ₹25 Lakh FD ₹50 Lakh FD ₹1 Crore FD ₹5 Crore FD

Target Tenure Milestones

FD for 1 Year FD for 3 Years FD for 5 Years FD for 10 Years Short Term FD Liquid FD Plan

Related Savings & Fixed Income Tools

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Strategy Playbook

The FD Laddering Masterclass

Effective Yield

7.19% p.a.

Don't lock your entire capital ₹1,00,000 in a single tenure. Use the Laddering Strategy to maximize both liquidity and returns.

1
Split Capital: Divide into 3 or 5 parts with different tenures (1, 2, 3 years).
2
Reinvest Loop: As each FD matures, reinvest it for the longest tenure (e.g., 3 years).

DICGC Safety Shield

Your deposits are 100% insured up to ₹5 Lakh per bank. High-wealth individuals should ladder across multiple A-rated banks.

Tax Optimization

Use Form 15G/15H if your total income is below the tax limit to prevent the bank from deducting 10% TDS automatically.

Standard bank guidelines for FY 2026-27. Rates are subject to periodic change by the RBI monetary policy.

Algorithmic Precision

This tool is built on robust financial algorithms designed to eliminate the human error associated with manual spreadsheet calculations.

Data Input
Engine Processing
Insight Generation

Scenario: SBI Rate Audit

Evaluating the interest yield on an SBI deposit of ₹50L:

• Total Interest: ₹44,986
• Rate Applied: Standard/Senior Citizen
• Audit Score: 100%.

Verify your SBI interest statements by matching them against our specialized bank-rate engine for total financial transparency.

Principal: ₹50L

Net Interest: ₹44,986

Bank: SBI

Precision: High-Parity

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Frequently Asked Questions

⚠️ Disclaimer

The figures provided by this calculator are estimates based on the inputs you provide and standard financial formulas. STOCKCALC.IN does not offer investment advice. Please consult a qualified financial advisor before making any investment decisions.

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