SBI FD Interest Rates 2026 – Latest State Bank of India Fixed Deposit Rates
Looking to invest in a safe and reliable fixed deposit? State Bank of India (SBI) offers a wide range of FD tenures with competitive interest rates for both general and senior citizens.
Here’s the complete guide to SBI FD interest rates in 2026, including tenure-wise rates, special schemes, tax-saving FD details, and eligibility.
Quick Summary: SBI Fixed Deposit 2026
| Feature | Details |
|---|---|
| Bank Name | State Bank of India (SBI) |
| Tenure | 7 days to 10 years |
| Minimum Deposit | ₹1,000 (typically) |
| Senior Citizen Benefit | Extra 0.50% (usually) |
| Interest Payout | Monthly, Quarterly, or Cumulative |
| Loan Against FD | Available |
Rates may change as per RBI guidelines. Always confirm before investing.
SBI FD Interest Rates 2026 (Below ₹2 Crore)
Regular Fixed Deposit Rates
| Tenure | General Public | Senior Citizens |
|---|---|---|
| 7 – 45 days | 3.50% | 4.00% |
| 46 – 179 days | 5.50% | 6.00% |
| 180 – 210 days | 6.25% | 6.75% |
| 211 days – < 1 year | 6.50% | 7.00% |
| 1 year – < 2 years | 6.80% | 7.30% |
| 2 years – < 3 years | 7.00% | 7.50% |
| 3 years – < 5 years | 6.75% | 7.25% |
| 5 years – 10 years | 6.50% | 7.50% (including additional benefits) |
Rates are indicative for 2026 and may vary slightly.
SBI Special FD Schemes
SBI may introduce limited-period special FD schemes offering slightly higher interest for specific tenures (for example, 400 days or special anniversary schemes).
Check SBI branch or internet banking for active special schemes.
SBI Tax-Saving FD (5 Years)
- Lock-in period: 5 years
- Eligible for deduction under Section 80C (as per tax rules)
- Premature withdrawal: Not allowed
- Loan facility: Not available
Interest is taxable.
How to Open SBI FD in 2026
You can open an FD through:
SBI YONO App
- Login to YONO SBI.
- Select Fixed Deposit.
- Choose tenure and amount.
- Confirm using OTP.
- FD gets created instantly.
SBI Internet Banking
- Login to online SBI.
- Go to Fixed Deposit section.
- Enter deposit amount and tenure.
- Confirm and submit.
Visit SBI Branch
- Fill FD application form.
- Submit cheque or cash.
- Receive FD receipt.
SBI FD Interest Payout Options
You can choose:
- Monthly interest payout
- Quarterly interest payout
- Cumulative (interest added to principal)
Choose based on whether you need regular income or long-term growth.
SBI FD Premature Withdrawal Rules
- Allowed for most FDs.
- Penalty may apply (usually 0.50%–1% lower interest).
- Tax-saving FD cannot be withdrawn before 5 years.
TDS on SBI FD
- TDS applicable if interest exceeds prescribed limits.
- Submit Form 15G/15H if eligible.
- Interest income is taxable as per income slab.
Benefits of Investing in SBI FD
Government-backed public sector bank
Safe and stable investment
Flexible tenure options
Loan against FD available
Easy online booking
Common Questions About SBI FD Rates
1. What is the highest SBI FD rate in 2026?
A. Typically, the highest rates are offered for 2–3 year tenures, especially for senior citizens.
2. Does SBI offer extra interest to senior citizens?
A. Yes, usually 0.50% higher than regular rates.
3. Can I open FD without SBI account?
A. Generally, you need an SBI savings or current account.
4. Is SBI FD safe?
A. Yes, SBI is a public sector bank and considered highly secure.
5. Can I take loan against FD?
A. Yes, SBI offers loan or overdraft facility against FD.
Conclusion
SBI FD interest rates in 2026 offer flexible options for both short-term and long-term investors. Senior citizens get additional benefits, and online FD booking through YONO or internet banking makes the process simple.
Before investing, always check the latest rates inside YONO SBI or confirm with your nearest branch to ensure you get the best available return.
