SBI Special FD Schemes for 444, 555, 2222 Days

What are the SBI Diwali Special FD Schemes 2026?

SBI Diwali Special FD Schemes 2026 are limited-time fixed deposit schemes, which provide secured returns with competitive SBI FD interest rates. These deposits are offered in tenures of 444, 1111, 1777 and 2222 days besides the SBI Green Rupee Term Deposit Scheme, catering to varied investment needs. Select schemes can be opened with a minimum deposit of ₹1,000. The FD interest rates vary by scheme and tenure. The SBI Amrit Kalash (400-day FD) scheme has been discontinued.

SBI 444 Days FD Scheme

The SBI 444 Days FD scheme was introduced as a special fixed deposit offering in 2025. Investors can deposit funds for a tenure of 444 days and benefit from options such as a loan or overdraft facility. Premature withdrawal is allowed with a penalty of 0.50% for deposits up to ₹5 lakh and 1% for deposits above ₹5 lakh (below ₹3 crore) 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

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 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 Fixed Deposit Rates w.e.f. May 1, 2026

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 different tenures and attractive SBI senior citizen FD rates, the impact of compound interest becomes more rewarding, helping investors estimate their maturity amount more accurately.

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 maturity calculation method for 444 days, 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, the calculation at an interest rate of 6.95% is as follows:

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?

The key benefits of SBI Diwali Special FD Schemes include:

• Multiple Tenure Options: The SBI Diwali Special FDs have different tenure choices. Investors can select the duration that matches their short-term or long-term savings goals.
• Competitive Interest Rates: These schemes offer applicable SBI FD interest rates based on the selected tenure, allowing investors to earn improved returns on their savings.
• 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 can open SBI Special FD Schemes and can select the relevant interest payment alternatives as per their requirements. The cumulative option would pay interest along with the principal at maturity, while the non-cumulative would have periodic installments. Under a non-cumulative option, interest is paid periodically, such as monthly, quarterly, half-yearly, yearly, etc.

The interest collected on your SBI fixed deposits would be taxed as per the appropriate slab rate of income tax. The TDS on FD income is deducted by banks as per the applicable tax laws for FY 2026-27 if the total interest is more than ₹50,000 per financial year for non-senior citizens and ₹1,00,000 per financial year for senior people. TDS is deducted at the rate of 10% where PAN information is provided and 20% where PAN is not submitted.

The eligible taxpayers having nil estimated tax due may file the necessary declaration form for non-deduction of TDS. Eligible taxpayers with nil estimated tax liability may submit Form 121 (earlier Forms 15G/15H), as applicable under the Income-tax Act, 2025.

Key Takeaways

SBI Diwali Special FD Schemes 2026 offers various term options such as 444 days, 1111 days, 1777 days and 2222 days to suit different investment goals. The FD interest rates on these deposits range between 6.05% and 6.45% p.a. for the general public and 6.80% to 7.05% p.a. for senior citizens. This account can be opened through online and offline modes.