Check Out the SBI FD Withdrawal Rates and Other Details Here

Fixed Deposit (FD) is one of the most popular and stable forms of investments in India. It is a money-saving scheme that grows your lump sum money at a fixed or uniform rate of interest. The fixed deposit interest rates remain the same for the entire term of the investment and thus, is considered a more secure scheme of investment. Fixed deposits are mainly of two types – FD with premature withdrawal and FD without premature withdrawal.

Read more
Maximum returns Offered by Guaranteed

6.5%**

Fixed Deposits

(by SBI bank)

(5-10 Years)

7.1%***

Public Provident Fund

(other popular options)

(15 Years)

Get Guaranteed returns up to 7.1%*
Fully Tax-Free* (unlike FD), Life Cover Included
+91
Secure
We don’t spam
View Plans
Please wait. We Are Processing..
Your personal information is secure with us
Plans available only for people of Indian origin By clicking on "View Plans" you agree to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs Tax benefit is subject to changes in tax laws
Get Updates on WhatsApp
We are rated~
rating
7.7 Crore
Registered Consumer
50
Insurance Partners
4.2 Crore
Policies Sold

Investing in fixed deposits allow you to put your money in safe hands and earn profits. Nonetheless, it is important for everyone to find a bank which offers the best fd rates in India. The secret to making your money multiply in a fixed deposit is by investing in a reliable bank which offers one of the best fixed deposit interest rates in the country. One such bank is the State Bank of India.

Comparison Between
Fixed Deposits, Guaranteed Return Plans & Debt Mutual Fund
Guaranteed Return Plans, Fixed Deposits &
Debt Mutual Fund
Guaranteed Return Plans
Returns Before Tax
7.5% (TAX-FREE)
Returns After Tax
7.5%
Guaranteed Returns
Yes
Life Cover
Yes
Tax on Profit
Tax Free*
Risk
No Risk
awards
Still Better than FD’s and Debt Mutual Fund
Fixed Deposits
Returns Before Tax
7% (TAXABLE)
Returns After Tax
4.8%
Guaranteed Returns
Yes
Life Cover
No
Tax on Profit
Taxable
Risk
Low Risk
Debt Mutual Fund
Returns Before Tax
8% (TAXABLE)
Returns After Tax
5.5%
Guaranteed Returns
No
Life Cover
No
Tax on Profit
Taxable
Risk
High Risk
VIEW PLANS
*For annual premium upto ₹5 Lacs

The State Bank of India is the largest bank in India. With a customer base of over 4.3 billion, the bank operates pan India with over 22,000 branches and 58,000 ATMs. Just like every other bank, the SBI also allows its customers to invest in a fixed deposit. You can invest in a fixed deposit by the State Bank of India for a minimum period of 7 days to a maximum period of 10 years. Here are some of the features of the fixed deposit offered by the SBI:

  • Customers can invest for a minimum fixed deposit amount of Rs 1000

  • There is no upper amount limit to investing in a fixed deposit

  • FD interest can be paid at monthly, quarterly or calendar quarterly as per your preference

  • Customers who opt for a monthly FD interest payment are eligible for a discount

  • A senior citizen, who invests for an amount above Rs 10,000, get an additional interest rate of 0.25%

  • Customers can get a loan or overdraft (OD) up to 90% of the principal deposit amount

  • Availability of nomination facility

  • The State bank of India allows premature withdrawal of an FD

  • Automatic renewal of fixed deposits are available, provided there has been no withdrawal

  • TDS is applicable on fixed deposits

  • SBI gives you the freedom to convert term deposit that offers you a payout at regular interest to a special term deposit (STDR) that offers payout at cumulative interest and vice versa

Given the fact that the majority stake in the State Bank of India is held by the Reserve Bank of India (RBI), the funds invested by its customers are much safer. These funds that you have invested in fixed deposit mature as per the SBI FD rates. If you wish, you can either withdraw the matured amount or reinvest it as an FD to earn interests. Take a look at the table below to know about the latest SBI FD rates for investment up to an amount of Rs 2 crore by the general public:

Time Period SBI FD Rates
7 days to 45 days 4.5%
46 days to 179 days 5.5%
180 days to 210 days 5.8%
211 days to < 1 year 5.8%
1 year to < 2 years 6.4%
2 years to < 3 years 6.25%
3 years to < 5 years 6.25%
5 years to < 10 years 6.25%

fd return beater

Sometimes the depositor withdraws money from his fixed deposit even before its maturity. People mostly withdraw a fixed deposit due to an urgent requirement of money. As mentioned earlier, fixed deposits are divided into two types based on the premature withdrawal facility. Fixed deposits without premature withdrawal facility do not allow the depositor to withdraw money from an FD. On the other hand, fixed deposits with premature withdrawal facility give freedom to its depositor to close an FD before its maturity.

However, withdrawing money from a fixed deposit before its maturity comes with a loss. Banks charge a penalty to the depositor for premature withdrawal or closure of a fixed deposit. While different banks have varied terms and conditions, refer to the table given below to find out the charges levied by the State Bank of India for premature withdrawal of a fixed deposit:

Retail Term Deposit Amount SBI FD Withdrawal Charges
Up to Rs 5 lakhs 0.5%
More than Rs 5 lakhs but less than Rs 1 crore 1%

FD interest rates India have fallen consistently over the last 12 years.
Invest in Plans that offer Guaranteed Returns for over 25 Years

Please note that no penalty is charged if the depositor withdraws the fixed deposit amount within a period of less than 7 days.

The depositor will receive the FD amount at an interest rate, which is 0.5% or 1% below the applicable FD interest rate at the time of opening the deposit for the total period it remained with the Bank or 0.5% or 1% less than the contracted rate, whichever turns out to be lower.

It is ideal to not touch your fixed deposits as long as it remains invested to enjoy the benefits of the SBI FD rates. But in case you do need to make a premature withdrawal, you now know how much money will you lose out.

Allahabad Bank FD Interest Rates

Allahabad Bank FD Interest Rates

Andhra Bank FD Interest Rates

Andhra Bank FD Interest Rates

Assam Gramin Vikash Bank FD Interest Rates

Assam Gramin Vikash Bank FD Interest Rates

AU Small Finance Bank FD Interest Rates

AU Small Finance Bank FD Interest Rates

Axis Bank FD Rates

Axis Bank FD Rates

Bajaj Finance FD Interest Rates

Bajaj Finance FD Interest Rates

Bandhan Bank FD Interest Rates

Bandhan Bank FD Interest Rates

Bangiya Gramin Vikash Bank FD Interest Rates

Bangiya Gramin Vikash Bank FD Interest Rates

Bank of Baroda FD Interest Rates

Bank of Baroda FD Interest Rates

Bank of Ceylon FD Interest Rates

Bank of Ceylon FD Interest Rates

Bank of India FD Interest Rates

Bank of India FD Interest Rates

Bank of Maharashtra FD Interest Rates

Bank of Maharashtra FD Interest Rates

Baroda Gujarat Gramin Bank FD Interest Rates

Baroda Gujarat Gramin Bank FD Interest Rates

Canara Bank FD Interest Rates

Canara Bank FD Interest Rates

Capital Small Finance Bank FD Interest Rates

Capital Small Finance Bank FD Interest Rates

Central Bank of India FD Interest Rates

Central Bank of India FD Interest Rates

Citibank FD Interest Rates

Citibank FD Interest Rates

City Union Bank FD Interest Rates

City Union Bank FD Interest Rates

Corporation Bank FD Interest Rates

Corporation Bank FD Interest Rates

Dakshin Bihar Gramin Bank FD Interest Rates

Dakshin Bihar Gramin Bank FD Interest Rates

DBS Bank FD Interest Rates

DBS Bank FD Interest Rates

Dena Bank FD Interest Rates

Dena Bank FD Interest Rates

Dhanlaxmi Bank FD Interest Rates

Dhanlaxmi Bank FD Interest Rates

Equitas Small Finance Bank FD Interest Rates

Equitas Small Finance Bank FD Interest Rates

ESAF Small Finance Bank FD Interest Rates

ESAF Small Finance Bank FD Interest Rates

HDFC Bank FD Interest Rates

HDFC Bank FD Interest Rates

HSBC FD Interest Rates

HSBC FD Interest Rates

ICICI Bank FD Interest Rates

ICICI Bank FD Interest Rates

IDBI Bank FD Interest Rates

IDBI Bank FD Interest Rates

IDFC First Bank FD Interest Rates

IDFC First Bank FD Interest Rates

Indian Bank FD Interest Rates

Indian Bank FD Interest Rates

Indian Overseas Bank FD Interest Rates

Indian Overseas Bank FD Interest Rates

IndusInd Bank FD Interest Rates

IndusInd Bank FD Interest Rates

Jana Small Finance Bank FD Interest Rates

Jana Small Finance Bank FD Interest Rates

Karnataka Bank FD Interest Rates

Karnataka Bank FD Interest Rates

Kerala Gramin Bank FD Interest Rates

Kerala Gramin Bank FD Interest Rates

Kotak Mahindra Bank FD Interest Rates

Kotak Mahindra Bank FD Interest Rates

Lakshmi Vilas Bank FD Interest Rates

Lakshmi Vilas Bank FD Interest Rates

Muthoot Capital

Muthoot Capital

Nainital Bank FD Interest Rates

Nainital Bank FD Interest Rates

Odisha Gramya Bank FD Interest Rates

Odisha Gramya Bank FD Interest Rates

Paschim Banga Gramin Bank FD Interest Rates

Paschim Banga Gramin Bank FD Interest Rates

Paytm Payments Bank FD Interest Rates

Paytm Payments Bank FD Interest Rates

PNB FD Interest Rates

PNB FD Interest Rates

Prathama UP Gramin Bank FD Interest Rates

Prathama UP Gramin Bank FD Interest Rates

RBL Bank FD Rates

RBL Bank FD Rates

Saurashtra Gramin Bank FD Interest Rates

Saurashtra Gramin Bank FD Interest Rates

SBI FD Interest Rates

SBI FD Interest Rates

Shriram Finance FD Interest Rates

Shriram Finance FD Interest Rates

State Bank of Hyderabad FD Interest Rates

State Bank of Hyderabad FD Interest Rates

State Bank of Mysore FD Interest Rates

State Bank of Mysore FD Interest Rates

State Bank of Travancore FD Interest Rates

State Bank of Travancore FD Interest Rates

Syndicate Bank FD Interest Rates

Syndicate Bank FD Interest Rates

Tamil Nadu Grama Bank FD Interest Rates

Tamil Nadu Grama Bank FD Interest Rates

Telangana Grameena Bank FD Interest Rates

Telangana Grameena Bank FD Interest Rates

Tripura Gramin Bank FD Interest Rates

Tripura Gramin Bank FD Interest Rates

UCO Bank FD Interest Rates

UCO Bank FD Interest Rates

Ujjivan Small Finance Bank FD Interest Rates

Ujjivan Small Finance Bank FD Interest Rates

Union Bank of India FD Interest Rates

Union Bank of India FD Interest Rates

Uttar Bihar Gramin Bank FD Interest Rates

Uttar Bihar Gramin Bank FD Interest Rates

Uttarakhand Gramin Bank FD Interest Rates

Uttarakhand Gramin Bank FD Interest Rates

Vijaya Bank FD Interest Rates

Vijaya Bank FD Interest Rates

Yes Bank FD Interest Rates

Yes Bank FD Interest Rates

Expand

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
+ Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
#Discount offered by insurance company
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in

FD Calculator

Total Investment

₹500 ₹30L
Enter Total Investment

Rate of Interest (Yearly)

1% 15%
Rate of Interest (Yearly)

Time Period

1 Year 15 Years
Enter Time Period
Interest Earned
Maturity Amount

FD Rates articles

Recent Articles
Popular Articles
PNB NRO Sugam Term Deposit Scheme

11 Sep 2024

The PNB NRO Sugam Term Deposit Scheme offered by Punjab National
Read more
PNB NRE Rupee Sugam Term Deposit Scheme

11 Sep 2024

The PNB NRE Rupee Sugam Term Deposit Scheme is a specialized
Read more
PNB Bulk Fixed Deposit Scheme

11 Sep 2024

The PNB Bulk Fixed Deposit Scheme offers competitive FD interest
Read more
PNB Growth Fixed Deposit Scheme

11 Sep 2024

The PNB Growth Fixed Deposit Scheme is a fixed-term investment
Read more
PNB Floating Rate Fixed Deposit Scheme

11 Sep 2024

The PNB Floating Rate Fixed Deposit Scheme offers interest rates
Read more
Application for Withdrawal of Fixed Deposit
  • 03 Dec 2021
  • 25898
Fixed Deposits are the safest investment instruments. You invest the amount of your choice as the fixed deposit
Read more
SBI Fixed Deposit Monthly Income Scheme
  • 04 Apr 2022
  • 14979
Fixed deposits are the safest investment vehicles for Indian financial planners. You can open a fixed deposit
Read more
Nominee Vs Legal Heirs for Fixed Deposits
  • 21 Dec 2023
  • 5175
Fixed deposits are a popular investment option for individuals who wish to earn a stable rate of interest on
Read more
SBI Fixed Deposit Double Scheme
  • 18 Feb 2022
  • 14444
The SBI Fixed Deposit Double Scheme is named Special Term Deposit to cater to investors looking to double their
Read more
Which Bank has the Highest Interest Rate for Fixed Deposit?
  • 23 Jul 2018
  • 217581
For general citizens, FD interest rates offered by popular banks in India range from 3.00% to 7.75% per annum For
Read more

top
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL