Â What is the interest rate of FD in SBI 2026?

SBI FD 2026 offers competitive interest rates, up to 6.40% p.a. for general citizens and 7.05% for senior citizens, making it a reliable choice for fixed returns

Â Which is the highest FD rate in SBI?

The highest FD rate at SBI for 2026 is 7.05% p.a. for senior citizens on 5â10 year deposits.

What is the minimum amount required to open an SBI FD?

The minimum amount to open an SBI Fixed Deposit is â¹1,000. Investors can choose a tenure from 7 days to 10 years, depending on their financial goals.

What is the interest on â¹5 lakh in SBI for 5 years?

If you invest â¹5 lakh in an SBI Fixed Deposit for 5 years, regular citizens can earn interest based on the applicable FD rate. At an interest rate of 6.05% p.a., the estimated interest earned is â¹1,76,105, and the maturity amount is â¹6,76,105. Senior citizens may earn higher returns based on the applicable senior citizen FD rate.

How a ₹1 Lakh SBI Fixed Deposit Grows Over 5 Years

At SBI's current rate of 6.05% p.a. for general citizens (7.05% p.a. for senior citizens), a ₹1 lakh fixed deposit grows to approximately ₹1.35 lakh at the end of 5 years, with quarterly compounding. It’s important to understand how your money grows with help from power of compounding. You can also check tax-FD options for deposits booked for 5 years and more, which usually offer higher rates than regular deposits.

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What is an SBI FD 2026?

An SBI FD is a time deposit account where you deposit a lump sum for a specified period and earn SBI FD interest on it. The tenure plans usually vary between 7 days and 10 years, and give you flexibility according to your financial objectives. The interest rate is fixed at the time of deposit, and this guarantees predictable returns.

Under quarterly compounding, the interest is earned on the principal as well as on the interest itself that you have gained in the process. The minimum deposit amount for most SBI domestic term deposits is ₹1,000, and at the end of the maturity period, you are given back the investment capital with the interest you have earned.

The Math Behind the Growth

To see exactly how your money grows, the SBI FD Calculator 2026 uses the compound interest formula:

Calculation:

A = 1,00,000 × (1 + 0.0605/4)^(4 × 5)

= 1,00,000 × (1 + 0.015125)^20

= 1,00,000 × (1.015125)^20

= ₹1,35,018

Interest Earned = ₹1,35,018 − ₹1,00,000 = ₹35,018

SBI FD Interest Rates 2026

Below are the latest SBI FD interest rates of 2026:

Tenures	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 and up to 10 years	6.05	7.05

*SBI FD Interest Rates of July 2026

Features and Benefits of SBI FD 2026

SBI Fixed Deposits offer guaranteed returns and a wide range of deposit options to suit varying investment needs. Some of the key features and benefits include:

Guaranteed Returns: Earn a fixed interest rate for the chosen tenure, which is not affected by market fluctuations.
Additional Interest for Senior Citizens: SBI senior citizen FD interest rates are greater than normal depositors for the same tenure and eligible senior individuals can avail of them.
Flexible Interest Payment Options: Depending on the SBI FD scheme selected, interest may be paid monthly, quarterly, half-yearly, annually, or on maturity.
Premature Withdrawal Facility: Most of the normal SBI Fixed Deposits can be closed prematurely, subject to bank’s applicable terms and penalty. Before prematurely shutting your deposit, check rules for SBI FD premature withdrawal.
Tax-Saver FD Scheme: Interest earned on fixed deposits is taxable under both the old and new tax regimes and is taxed as per your applicable income tax slab. Under the old tax regime, eligible 5-year Tax Saver Fixed Deposits qualify for a tax deduction of up to ₹1.5 lakh under the corresponding provision of the Income-tax Act, 2025, Section 123 (earlier Section 80C). This deduction is not available under the new tax regime.
Loan/Overdraft Against FD: All eligible depositors can avail SBI loan against FD or overdraft facility without prematurely terminating their fixed deposit subject to the terms and conditions of the Bank.

Eligibility Criteria for SBI FD 2026

The following individuals and groups are eligible to apply for an SBI FD 2026:

Eligible Category	Eligibility
Resident Individuals	Resident Indian citizens can open an SBI Fixed Deposit individually or jointly.
Resident senior citizens (aged 60 years and above)	Eligible to open SBI Fixed Deposits and avail of the applicable senior citizen FD interest rates.
Minors	As per the criteria of SBI, a Fixed Deposit can be opened in the name of a minor, through a parent or legal guardian.
Hindu Undivided Families (HUFs)	HUFs can open SBI Fixed Deposits through the Karta or an authorised representative.
Trusts, Societies, Clubs, and Institutions	Trusts, groups, clubs, educational institutions and other organisations can also open SBI Fixed Deposits subject to terms and documents as required by SBI.
Partnership Firms and Companies	Partnership firms, proprietorship concerns, companies and other qualifying business entities can invest in SBI Fixed Deposits following completion of necessary documentation formalities.

How to Apply for an SBI FD 2026?

You can apply for an SBI FD to avail the best FD interest rates by following either online process or offline process.

Online Process

Open an SBI Fixed Deposit online through NetBanking or the YONO app by following these steps:

Log In: Sign in to SBI NetBanking or the YONO app.
Open FD Section: Select Fixed Deposit or Term Deposit.
Enter Amount: Select your account and enter the deposit amount (minimum ₹1,000).
Select FD Type: Select either cumulative or non-cumulative FD.
Confirm Details: Check the information and proceed with the request.
Get Receipt: Download or print the e-TDR as confirmation.

Offline Process

You can also open an SBI Fixed Deposit by visiting the nearest branch of SBI and following the steps:

Visit the Branch: Go to the nearest SBI branch with PAN/Aadhaar.
Fill Form: Fill in the Term Deposit (FD) application form.
Submit KYC: Provide the required identity and address documents.
Deposit Amount: Invest the FD amount (minimum ₹1,000).
Select Tenure: Select tenure and interest payout option.
Receive Receipt: Get the Term Deposit Receipt (TDR).

Documents Required for an SBI FD 2026

Documents required to open an SBI Fixed Deposit depend on whether you are an existing SBI customer or a new customer. All existing customers with updated KYC records may not need to submit documents again.

Document	Details
Duly Filled FD Application Form	Completed Fixed Deposit (Term Deposit) application form, if opening the FD at an SBI branch.
Identity Proof (KYC)	Aadhaar Card PAN Card Passport Voter ID Driving Licence NREGA Job Card Any other Officially Valid Document (OVD) accepted by RBI and SBI.
Address Proof	Aadhaar Card Passport Driving Licence Voter ID NREGA Job Card Any other Officially Valid Document showing with current address.
PAN or Form 60	PAN is generally required. If PAN is not available, Form 60 may be submitted, subject to applicable regulations.
Passport-Size Photograph	Recent passport-size photograph for new customers, if required under SBI's KYC process.
Additional Documents (if applicable)	Minors: Birth certificate and guardian's KYC documents. HUFs: HUF declaration and Karta's KYC. Trusts, companies, partnership firms, and societies: Registration/incorporation documents, PAN, and all authorised signatory documents as applicable.

Note: All SBI customers who already have KYC-compliant savings or current accounts can normally open an FD without having to resubmit KYC documents unless the bank asks for fresh information.

Conclusion

SBI Fixed Deposits provide assured returns with tenures ranging from 7 days to 10 years. At the prevailing 5-year SBI FD interest rate of 6.05% p.a. with quarterly compounding, a ₹1 lakh investment can grow to approximately ₹1.35 lakh over 5 years. SBI offers higher FD interest rates to eligible senior citizens, and eligible depositors can also avail of premature withdrawal and loan against FD facilities, subject to the bank's terms and conditions.

FAQs

What is the interest rate of FD in SBI 2026?

SBI FD 2026 offers competitive interest rates, up to 6.40% p.a. for general citizens and 7.05% for senior citizens, making it a reliable choice for fixed returns
Which is the highest FD rate in SBI?

The highest FD rate at SBI for 2026 is 7.05% p.a. for senior citizens on 5–10 year deposits.
What is the minimum amount required to open an SBI FD?

The minimum amount to open an SBI Fixed Deposit is ₹1,000. Investors can choose a tenure from 7 days to 10 years, depending on their financial goals.
What is the interest on ₹5 lakh in SBI for 5 years?

If you invest ₹5 lakh in an SBI Fixed Deposit for 5 years, regular citizens can earn interest based on the applicable FD rate. At an interest rate of 6.05% p.a., the estimated interest earned is ₹1,76,105, and the maturity amount is ₹6,76,105. Senior citizens may earn higher returns based on the applicable senior citizen FD rate.