Planning a fixed deposit in 2026 requires comparing interest rates across major public sector banks like SBI, Post Office Time Deposits (POTD), and higher-yielding Small Finance Banks. SBI FD interest rates in 2026 reach up to 6.40% p.a. for general citizens and 7.05% p.a. for senior citizens. Use this FD calculator to estimate cumulative maturity amounts, monthly interest payouts, and post-tax returns.
SBI Fixed Deposit Interest Rates 2026 & SBI FD Calculator
State Bank of India (SBI) offers fixed deposit tenures from 7 days to 10 years.
Peak rates for regular citizens stand at 6.40% p.a.
(2-year tenure), while senior citizens receive up to 7.05% p.a.
(5-year tenure).
For an SBI non-cumulative FD yielding ₹10,000 monthly, an investment of approximately ₹18.75 Lakh is required for general depositors (~₹17 Lakh for senior citizens).
Post Office Fixed Deposit (POTD) Calculator
Post Office Time Deposits (POTD) are backed directly by the Government of India, offering 100% sovereign guarantee with no capped deposit limits.
Post Office FD tenures run for 1, 2, 3, and 5 years, with the 5-year POTD qualifying for tax deductions up to ₹1.5 Lakh under Section 80C.
Quarterly Compounding Formula Used in Bank & Post Office FDs
For cumulative FDs in SBI and Post Office, interest compounds quarterly using the compound interest formula: A = P × (1 + r / 4)^(4 × t), where P is principal, r is the annual rate, and t is tenure in years.
Non-cumulative monthly interest options pay simple discounted monthly interest directly to your savings account.
Frequently Asked Questions
What are the latest SBI FD interest rates in 2026?
As of 2026, SBI offers FD rates ranging from 3.05% to 6.40% p.a. for general citizens and 3.55% to 7.05% p.a. for senior citizens depending on the chosen tenure.
Which is better: SBI FD or Post Office FD?
Post Office FDs are 100% sovereign backed with fixed government rates, making them completely risk-free. SBI FDs offer seamless digital management via NetBanking/YONO, liquidity options, loan against FD facilities (up to 90%), and competitive interest yields.
How much interest do I get on a ₹10 Lakh SBI FD for 1 year?
At a 1-year SBI FD rate of 6.25% p.a. for regular citizens, a ₹10 Lakh deposit yields approximately ₹63,980 in quarterly compounded interest over 1 year.