What is a Fixed Deposit?

A fixed deposit (FD) is a financial instrument provided by banks that offers higher interest rates than a regular savings account, until the given maturity date.

Benefits of SBI Fixed Deposit

• Guaranteed Returns: Fixed deposits in SBI offer stable and guaranteed returns on your investment.
• Flexible Tenures: Choose a tenure that suits your financial goal, from 7 days to 10 years.
• Loan Facility: Avail a loan against your FD up to 90% of the deposit value.

Using the SBI FD Interest Calculator

Enter the deposit amount, the applicable interest rate, and the tenure of the FD to get instant calculations on your maturity amount and the interest earned.

How Interest is Calculated

Interest on fixed deposits is compounded quarterly, in accordance with RBI mandates. This means your investment grows faster thanks to the compounding effect.

Tips for Maximizing FD Returns

Invest in FDs when interest rates are high, opt for cumulative FDs for the benefit of compounding, and renew your FDs to enjoy loyalty interest rates.