SBI FD Calculator
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What is an Online SBI FD Calculator?
Benefits of an SBI FD Calculator
The SBI fixed deposit calculator is essential for evaluating different SBI FD schemes and interest rates. Here’s why:
- Assessing SBI FD Schemes: State Bank of India FD calculator helps you compare schemes based on investment amount, tenure, and interest rate, before investing in them.
- Accurate Returns Calculation: SBI FD calculator considers variable interest rates based on tenure (ranging from 7 days to 10 years with rates of 2.90% to 5.10%). Senior citizens get an additional 0.5% interest. It ensures accurate returns calculations.
- Customised Investment Planning: You can customise your investment plan based on financial goals and risk tolerance. Try different combinations of amounts, tenures, and rates on the State Bank of India FD calculator to see the impact on returns.
How Does The SBI FD Calculator Work?
Features of The SBI FD Calculator
- Easy to Use: The SBI FD calculator has a user-friendly interface, making it simple to enter your investment details and get quick results.
- Multiple Calculations: The State Bank of India FD calculator allows you to do multiple calculations, trying out different investment amounts, tenures, and interest rates to find the best option for you.
- Digital Accessibility: You can access the SBI FB interest calculator online from your computer or mobile device, making it convenient to use anytime and anywhere.
- Error-Free: Using the State Bank of India Fixed Deposit Calculator eliminates the risk of manual errors that can happen when calculating maturity amounts and returns manually.
SBI FD Interest Rates
SBI Fixed Deposit interest rates for term deposits of less than Rs. 2 crores (effective from 15 February 2023):
Tenors | Interest Rates (p.a.) | |
General Public | Senior Citizens | |
7 days to 45 days | 3.00% | 3.50% |
46 days – 179 days | 4.50% | 5.00% |
180 days – 210 days | 5.25% | 5.75% |
211 days – less than 1 year | 5.75% | 6.25% |
1 year – less than 2 years | 6.80% | 7.30% |
2 years – less than 3 years | 7.00% | 7.50% |
3 years – less than 5 years | 6.50% | 7.00% |
5 years and up to 10 years | 6.50% | 7.50% |
400 days (Amrit Kalash) | 7.10% | 7.60% |
SBI Fixed Deposit interest rates for term deposits of Rs. 2 crores or above (effective from 15 February 2023):
Tenors | Interest Rates (p.a.) | |
General Public | Senior Citizens | |
7 days to 45 days | 4.75% | 5.25% |
46 days – 179 days | 5.50% | 6.00% |
180 days – 210 days | 6.00% | 6.50% |
211 days – less than 1 year | 6.25% | 6.75% |
1 year – less than 2 years | 6.75% | 6.25% |
2 years – less than 3 years | 6.50% | 7.25% |
3 years – less than 5 years | 6.00% | 7.00% |
5 years and up to 10 years | 6.00% | 6.50% |
400 days (Amrit Kalash) | 4.75% | 6.50% |
SBI Fixed Deposit Interest Rates for NRIs:
Tenure | Interest Rates(p.a.) | |
Below Rs. 2 crores | Rs. 2 crores & Above | |
1 year to less than 2 years | 6.80% | 6.75% |
400 Days (Amrit Kalash) | 7.10% | – |
2 years to less than 3 years | 7.00% | 6.50% |
3 years to less than 5 years | 6.50% | 6.00% |
5 years to 10 years | 6.50% | 6.00% |
Use the SBI FB interest calculator to determine the amount you will earn on your FD interest rates.
SBI Bank FD Calculator : FAQs
To calculate the maturity value, enter the investment amount, tenure, and interest rate in the SBI FD calculator available on the official SBI website or other financial websites.
Yes, you can customise your investment plan by trying different investment amounts, tenures, and interest rates in the SBI FD calculator to find the best option for your financial goals.
Yes, the SBI FD calculator provides accurate results when you enter the correct information. It uses current interest rates, ensuring accuracy on the date you use the calculator. However, the SBI bank FD calculator does not consider factors like inflation, taxes, or changes in interest rates during the FD tenure as that is unpredictable.
Yes, you can use the State Bank of India FD calculator for multiple calculations by adjusting the investment amount, tenure, and interest rate to explore different scenarios.
No, the SBI Bank FD calculator is specifically designed for fixed deposits and does not calculate the maturity amount for recurring deposits. It focuses on lump sum investments.
It is a tool that helps calculate the penalty fee for withdrawing a fixed deposit (FD) before its maturity period. By using the SBI FD premature withdrawal penalty calculator, investors can make informed decisions regarding their FD withdrawals.
