SBI 1 Year FD rate: 6.8% (general) & 7.3% (senior citizen). Maturity for ₹5 Lakh: ₹5,34,877.
| Year | Deposit | Interest Earned | Maturity Value |
|---|
State Bank of India offers 1 Year Fixed Deposit at 6.8% p.a. for general citizens and 7.3% p.a. for senior citizens. Interest is compounded quarterly. Premature withdrawal policy: 0.50% penalty on applicable rate.
Tenure: 1 Year · Quarterly compounding
| Deposit Amount | Maturity Amount | Interest Earned | Total Return |
|---|---|---|---|
| ₹25K | ₹26,744 | ₹1,744 | 7.0% |
| ₹50K | ₹53,488 | ₹3,488 | 7.0% |
| ₹1 Lakh | ₹1,06,975 | ₹6,975 | 7.0% |
| ₹2 Lakh | ₹2,13,951 | ₹13,951 | 7.0% |
| ₹5 Lakh | ₹5,34,877 | ₹34,877 | 7.0% |
| ₹10 Lakh | ₹10,69,754 | ₹69,754 | 7.0% |
| ₹25 Lakh | ₹26,74,384 | ₹1,74,384 | 7.0% |
| ₹50 Lakh | ₹53,48,769 | ₹3,48,769 | 7.0% |
| ₹1 Crore | ₹1,06,97,537 | ₹6,97,537 | 7.0% |
SBI offers 1 Year Fixed Deposit at 6.8% p.a. for general citizens and 7.3% p.a. for senior citizens in 2026. Rates are subject to change.
A ₹5 Lakh FD in SBI for 1 Year at 6.8% (quarterly compounding) will mature to approximately ₹5,34,877. The interest earned would be ₹34,877.
Yes, SBI offers an additional benefit for senior citizens with a rate of 7.3% p.a. for 1 Year FD, which is 0.50% higher than the general rate.
The minimum deposit amount for SBI Fixed Deposit is ₹1,000. Interest is compounded quarterly.
Yes, premature withdrawal is allowed. SBI's premature withdrawal policy: 0.50% penalty on applicable rate. It's recommended to keep the FD till maturity for maximum returns.