| Deposit Insurance<\/td> | Eligible deposits are insured by DICGC up to \u20b95 lakh per depositor per bank, including principal and interest, subject to applicable rules<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n SBI’s standard term deposit has a minimum deposit period of 7 days and a maximum period of 10 years. Interest can be paid at maturity or at periodic intervals, depending on the deposit type and payout option selected.<\/p>\n\n\n\n The SBI Tax Savings Scheme has a minimum deposit period of five years. For Tax Year 2026-27, eligible tax-saving deposits can qualify for a deduction of up to \u20b91.5 lakh under Section 123 read with Schedule XV of the Income Tax Act, 2025<\/strong>, subject to the applicable conditions. The deduction is not available under the new concessional tax regime.<\/p>\n\n\n\nDICGC deposit insurance covers eligible deposits up to \u20b95 lakh per depositor per bank<\/strong>, including principal and accrued interest, subject to the applicable rules on aggregation of deposits.<\/p>\n\n\n\nFeatures and terms may vary depending on the specific FD scheme selected. Investors should review the latest product terms before opening an FD.<\/p>\n\n\n\n <\/span>Things Investors Should Consider Before Opening an SBI FD<\/strong><\/span><\/h2>\n\n\n\nDespite being a commonly used bank-deposit option, investors should assess whether the FD tenure and features suit their requirements.<\/p>\n\n\n\n These include:<\/p>\n\n\n\n |