|
Getting your Trinity Audio player ready...
|
Fixed Deposits (FDs) remain one of the most commonly preferred savings and investment instruments in India. Many investors, particularly those interested in guaranteed returns and fixed-tenure investments, find SBI one of the most renowned banks.
In case you are thinking about creating an SBI Fixed Deposit account in 2026, it would be useful for you to know the current interest rates, available tenures, and some of the important features of such a bank account.
This article is going to reveal everything you need to know about SBI FD interest rates in 2026 and what you should keep in mind before creating your FD account.
SBI FD Interest Rates 2026: Latest Rates at a Glance
As of June 2026, SBI offers fixed deposit interest rates across various tenures ranging from 7 days to 10 years. The rates vary based on the deposit tenure and customer category.
| FD Tenure | General Citizens (p.a.) | Senior Citizens (p.a.) |
| 7 Days to 45 Days | 3.05% | 3.55% |
| 46 Days to 179 Days | 4.90% | 5.40% |
| 180 Days to 210 Days | 5.65% | 6.15% |
| 211 Days to Less Than 1 Year | 5.90% | 6.40% |
| 1 Year to Less Than 2 Years | 6.25% | 6.75% |
| 2 Years to Less Than 3 Years | 6.40% | 6.90% |
| 3 Years to Less Than 5 Years | 6.30% | 6.80% |
| 5 Years to 10 Years | 6.05% | 7.05%* |
| Amrit Vrishti (444 Days) | 6.45% | 6.95% |
*Includes additional benefits available under applicable senior citizen schemes, subject to SBI’s terms and conditions.
Invest in bonds & earn 9-14%* p.a fixed returns
Start investing with just 10K & grow your wealth with fixed-return bond opportunities.
Explore Now
How SBI Fixed Deposits Work
A Fixed Deposit gives an opportunity to deposit a lump sum amount with the bank for a particular period at a specified interest rate.
When a Fixed Deposit is made:
- Interest rate is usually fixed for the chosen period of time.
- There is a fixed maturity date for the Fixed Deposit.
- Interest plus the initial amount will be paid back at the maturity date.
- Withdrawal before maturity might be possible under certain conditions of SBI.
The tenure can range from a few days to several years depending on the product selected.
Which SBI FD Tenure Offers the Highest Interest Rate in 2026?
The natural inclination for many people would be to opt for the tenure with the maximum interest rate.
Considering the interest rates that are currently prevailing, the FD rate with the maximum interest rate will be that of certain medium-term deposits for the general public along with additional interest rates for senior citizens on certain deposits. SBI Amrit Vrishti FD of 444 days also falls under high-interest-rate FDs in 2026.
Yet, going by the option of maximum interest alone would not be ideal. Some factors to consider would be:
- Financial objectives
- Liquidity needs
- Tenure of investment
- Taxation aspect
- Asset allocation
Recent Fixed Deposit Updates:
- SBI FD Interest Rates 2026: Latest Rates, Features, and Things Investors Should Know
- Premature Withdrawal Rules for Bank FDs: Penalties Explained
- LIC Housing Finance FD Interest Rates 2026
Factors That Influence SBI FD Interest Rates
FD interest rates do not stay fixed permanently. FD interest rates can be changed from time to time depending upon many different aspects.
RBI Monetary Policy
Monetary policies of the Reserve Bank of India (RBI) can impact interest rates. Read the Monetary Policy in Detail
Change in repo rates usually impacts the interest rates in the long run. In recent times, FD interest rates of different banks have been changed according to changes in RBI’s policies.
Financial Market Liquidity Situation
Different banks can change their deposit rates depending on their liquidity situation.
Deposit Tenure
Longer tenures do not necessarily result in higher interest rates. Depending on the liquidity policy of the bank, they can offer higher interest rates at specific tenures.
This is the reason why people need to analyze the entire chart of FD interest rates before taking any investment decision.
Key Features of SBI Fixed Deposits
Before opening an FD, it is useful to understand some of the core features offered by SBI.
| Feature | Details |
| Minimum Tenure | 7 Days |
| Maximum Tenure | 10 Years |
| Interest Rate | Varies by tenure and customer category |
| Premature Withdrawal | Allowed subject to applicable rules and penalties |
| Senior Citizen Benefit | Additional interest available on eligible deposits |
| Tax-Saving FD | Available with a lock-in period as per applicable regulations |
Features and terms may vary depending on the specific FD scheme selected. Investors should review the latest product terms before investing.
Things Investors Should Consider Before Opening an SBI FD
Despite being among the most common saving instruments, investors should also assess whether the instrument suits their objectives.
These include:
- Duration of the investment
- Need for liquidity
- Expected interest rates
- Taxes on the interest received on the FD
- Investment objectives and duration
However, one must not overlook the fact that the interest accrued from FDs is taxable as per the applicable tax bracket of the investor.
SBI FD Interest Rates Frequently Asked Questions (FAQs)
The present SBI FD interest rates are between 3.05% and 6.45% annually for ordinary depositors based on the chosen tenure. Additional interests may be applicable for eligible senior citizens.
According to the data provided for June 2026, one of the high-interest FD schemes provided by SBI is the SBI Amrit Vrishti 444 days FD. The interest rates may change anytime according to the bank’s policy.
Interest rates for fixed deposits are generally fixed on the date when the fixed deposit account is opened, as long as the scheme rules and conditions permit.
Yes. SBI provides additional interest benefits for eligible senior citizen depositors under certain fixed deposit schemes.
Depending on the circumstances, the SBI FD interest rate may be taxable as per the applicable income tax provision.
Final Thoughts
SBI Fixed Deposits continue to be a widely used savings option for investors seeking a fixed tenure and predetermined interest rate. With multiple tenure choices and additional benefits for senior citizens, SBI offers a variety of FD options to suit different financial needs.
However, before opening an FD, investors should evaluate factors such as tenure, liquidity needs, taxation, and overall financial goals. Most importantly, always verify the latest interest rates and product terms directly with SBI, as deposit rates may be revised from time to time.
Ready to Invest?
Visit GoldenPi to explore current bond options. Compare yields, ratings, and tenures in one place and invest online with as little as ₹10,000.
Disclaimer:
Fixed returns do not constitute guaranteed or assured returns. Investments in corporate debt securities and municipal debt securities/securitized debt instruments are subject to credit risks, market risks, and default risks, including delay and/or default in payment. Read all the offer-related documents carefully. This blog/article should not be construed as financial advice or as an offer or recommendation to buy or sell any security or any products/services of/on GoldenPi or any product/services of its third-party client(s). For a detailed calculation of YTM, visit our website. T&C’s Apply.
