SBI Diwali Special FD Schemes for 444, 2222 Days & More

What are the SBI Diwali Special FD Schemes 2026?

Fixed deposits are one of the safest and most popular investment products. Risk-averse investors prefer them for guaranteed FD interest rates that are independent of market conditions. India’s leading public sector bank, SBI, offers SBI Diwali Special FD Schemes 2026, which are limited-period fixed deposit options available for multiple tenures, such as 444, 555, 666, 777, 1111, 1777, and the SBI 2222 days FD, along with the SBI Green Rupee Term Deposit Scheme. These deposits provide assured returns and offer preferential SBI FD interest rates. Some of these schemes are available with a minimum deposit as low as ₹1,000, giving small and large depositors options to invest their money more profitably during Diwali. SBI's 400-day FD, which is known as Amrit Kalash, has been discontinued by the bank.

SBI 444 Days FD Scheme

The 444 days FD SBI is part of the SBI Diwali Special FD Schemes launched in 2025. Investors can keep their funds locked for 444 days and benefit from options such as a loan or overdraft facility, premature withdrawal (though a penalty ranging from 0.50% to 1% applies), and auto-renewal on maturity.

SBI FD Interest Rates 2026 for 444 Days

The SBI 444 days SBI FD, under the SBI Diwali Special FD Schemes, provides attractive returns for different categories of customers:

*SBI FD interest rate 444 days w.e.f. December 15, 2025

555 Days FD Scheme SBI

The SBI 555 Days Fixed Deposit Scheme offers a slightly longer investment tenure than the 444 Days FD. With a maturity period of 555 days, which falls under the 1-year to less than 2-year tenure bracket, this scheme is suitable for depositors seeking consistent returns over a moderate duration. There is no upper limit on the deposit amount, allowing flexibility for all categories of investors. 

SBI 555 Days FD Rates

The table below shows the applicable rates for general and senior citizens under the SBI 555 Days Fixed Deposit Scheme:

*State Bank of India 555 Days Fixed Deposit interest rates w.e.f. December 15, 2025.

SBI 666 Days FD Scheme

The SBI 666 Days Fixed Deposit Scheme is a medium-term savings option with a tenure of 666 days. This deposit falls under the 1-year to less than 2-year category and offers steady returns. It also includes features like auto-renewal on maturity, premature withdrawal with an applicable penalty.

SBI 666 Days FD Interest Rate

The applicable interest rates for the SBI 666 Days Fixed Deposit Scheme are as follows:

*State Bank of India 666 Days Fixed Deposit interest rates w.e.f. December 15, 2025.

SBI 777 Days FD Scheme

The SBI 777-day fixed deposit scheme provides a structured investment period between two and three years with the benefit of assured returns. It allows investors to avail a loan of up to 90% of the deposit amount, ensuring liquidity and growth within a defined tenure.

SBI FD Interest Rates 2026 for 777 Days

The 777 day SBI Diwali Special FD offers assured returns for general and senior citizens. The applicable interest rates are as follows:

*State Bank of India 777 Days Fixed Deposit interest rates w.e.f. December 15, 2025.

SBI Green Rupee Term Deposit Scheme

The SBI Green Rupee Term Deposit Scheme promotes sustainable and environmentally responsible investing. Available in tenures of 1111 days, 1777 days, and SBI 2222 days fixed deposit, these deposits enable investors to earn consistent returns while supporting green finance initiatives. 

SBI Green Rupee Term Deposit Interest Rates

The SBI Green Rupee Term Deposit Scheme suits long-term depositors. The applicable interest rates for general and senior citizens for investments of less than ₹3 crore, with different tenure options, are as follows:

*State Bank of India Green Rupee term deposit interest rates w.e.f. June 18, 2025.

How to Calculate Returns on SBI Diwali Special FD Schemes?

SBI Diwali Special FD Schemes 2026 returns are calculated similarly to regular fixed deposits. The SBI FD calculator typically uses two methods to determine the maturity value:

• Simple Interest (SI): Calculated only on the original principal.

Formula: SI = (P × R × T) / 100

• Compound Interest (CI): Calculated on the principal and the accumulated interest over time.

Formula: A = P (1 + r/n)^(n × t)

Where,

A = Maturity Amount

P = Investment Amount

r = Annual Rate of Interest

n = Number of compounding periods per year

t = Tenure in years

The difference between simple interest and compound interest depends on the following factors:

• Short-term Deposits: The variation is minimal, but compound interest provides slightly higher returns.
• Medium- to Long-term Deposits: The power of compounding significantly increases overall earnings.
• SBI Diwali Special FD Schemes: With tenures like 444, 555, and 2222 days and attractive SBI senior citizen FD rates, the impact of compound interest becomes more rewarding, helping investors maximise their festive season savings.

Let us understand how returns are calculated for both general and senior citizens.

Suppose a customer invests ₹2,00,000 in this scheme. The returns, calculated using the SBI FD calculator 444 days 2025, are as follows:

Simple Interest Calculation (General Citizen, 6.45%):

SI = (2,00,000 × 6.45 × 1.22) / 100 = ₹15,738

Maturity Amount = ₹2,00,000 + ₹15,738 = ₹2,15,738

Compound Interest Calculation (Quarterly Compounding, 6.45%):

A = 2,00,000 × (1 + 0.0645/4)^(4 × 1.22) ≈ ₹2,16,238

Compound Interest: ₹2,16,238 - ₹2,00,000 = ₹16,238

For senior citizens, with an interest rate of 6.95%, the calculations would be:

Simple Interest Calculation (Senior Citizen, 6.95%):

SI = (2,00,000 × 6.95 × 1.22) / 100 = ₹16,958

Maturity Amount = ₹2,00,000 + ₹16,958 = ₹2,16,958

Compound Interest Calculation (Quarterly Compounding, 6.95%):

A = 2,00,000 × (1 + 0.0695/4)^(4 × 1.22) ≈ ₹2,17,539

Compound Interest: ₹2,17,539 - ₹2,00,000 = ₹17,539

Why Consider SBI Diwali Special FD Schemes?

Here are some key reasons to consider SBI Diwali Special FD Schemes to make your festive season financially more prosperous.

• Multiple Tenure Options: The SBI Diwali Special FDs have different tenure choices such as 400, 444, 555, 666, 777, 1111, 1777, and 2222 days. Investors can select the duration that matches their short-term or long-term savings goals.
• Higher Interest Rates: These festive-period deposits provide better interest rates than regular SBI fixed deposits, allowing investors to earn improved returns on their savings.
• Flexible Investment Amount: For some schemes, deposits can be opened with a minimum amount of ₹1,000, and there is no upper limit. This makes the scheme suitable for small investors and those looking to park larger funds.
• Loan and Overdraft Facility: Investors can avail a loan or overdraft of up to 90% of the deposit amount, ensuring access to funds without having to withdraw the fixed deposit.
• Premature Withdrawal Option: If funds are needed before maturity, investors can withdraw the amount by paying a small penalty ranging from 0.50% to 1%, depending on the deposit amount.
• Additional Benefits for Senior Citizens: SBI senior citizen FD rates help them earn more on their fixed deposits under these festive schemes. These higher interest rates apply to SBI Diwali FD schemes, making them a rewarding choice for retirees.
• Easy Online and Offline Access: Investors can open and manage their fixed deposits through SBI NetBanking, the YONO app, or by visiting their nearest branch, making the process simple and convenient.

SBI Diwali Special FD Schemes: Interest Payout and Tax Implications

Investors booking an SBI FD scheme can choose the cumulative option, where interest is compounded quarterly and paid at maturity, or the non-cumulative option, where interest is credited at regular intervals such as monthly, quarterly, or annually. From FY 2025-26 onward, the TDS threshold on FD interest has been fixed at ₹50,000 per annum for general citizens and ₹1,00,000 per annum for senior citizens. If the total interest earned from SBI FDs exceeds these limits, TDS is deducted at 10% (or 20% if PAN is not submitted).

SBI Diwali Special FD Schemes Compared

Here’s a quick comparison of the SBI Diwali Special FD schemes based on their tenure and applicable interest rates for general and senior citizens:

Key Takeaways

The SBI Diwali Special FD Schemes 2025 offer multiple tenure options such as 444, 555, 666, 777, 1111, 1777, and 2222 days, providing flexibility for different investment goals during the festive season. These deposits offer attractive interest rates ranging from 5.95% to 6.45% per annum for the general public and 6.70% to 6.95% per annum for senior citizens. Available online and offline channels, the schemes offer a convenient way to earn consistent returns over short- to medium-term periods during the festive season.